OYSG SME/MSME Development Fund Loan Scheme

OYSG-MSME Loan Scheme

The Micro, Small and Medium Enterprises (MSME) Development Fund is a N1 billion MSME stimulus package that will be disbursed through Microfinance Banks at a single-digit interest rate to facilitate the growth of MSMEs in the State.

The disbursement of the Fund at this time makes it an important component of the administration’s Post-Covid-19 Economic Recovery Plan which targets the amelioration of the economic effects of the Covid-19 pandemic.

Towards revamping the process, this administration, through OYSIPA, is introducing a more efficient loan disbursement and recovery system that will ensure that the scheme enjoys wider spread and ultimately impact a wider area of coverage.

  • The scheme will enjoy considerable geographical spread for MSMEs throughout the State.
  • The fund will provide loan facilities, up to N3m per MSME

Advantages:

  • Stimulation of entrepreneurshipas a key tool for the administration’s economic expansion drive
  • Targets the growth of MSMEsin the State for an enhanced GDP 
  • Employment creationfor people throughout Oyo State.

Download the OFFLINE APPLICATION FORMS to fill and bring to 

OYO STATE INVESTMENT AND PUBLIC PRIVATE PARTNERSHIP AGENCY (OYSIPA)

11, Bale Oyewole Road, Opp. Golden Tulip Hotel, Jericho GRA, Ibadan

info@oysipa.oy.gov.ng

07083366677

Our ONLINE APPLICATION  will soon be available to you.

How to Apply

OFFLINE REGISTRATION

ONLINE REGISTRATION

Step 1 : DOWNLOAD FORM

 Download the loan application  forms or pick up from  OYSIPA office.

Step 1 : REGISTRATION

Click on Register to create an account and fill out the fields, make sure your password is strong. Kindly ensure you choose the loan scheme you want apply for.

Step 2 : PAYMENT

Pay loan application fee of N3,000 into the under listed account:

Account Name:    Oyo State Investment and Public Private Partnership    Agency

Account Number: 1016729819

Bank: Zenith Bank PLC

Step 2 : VERIFICATION

 Check your mail to verify and click on the button to return back to the Log- in page.

Step 3 : SUBMISSION/VERIFICATION

1. Submit duly  filled loan application forms with evidence of payment to:

 OYO STATE INVESTMENT AND PUBLIC PRIVATE PARTNERSHIP AGENCY (OYSIPA)

11, Baale Oyewole Road, Opposite Golden Tulip Hotel, Jericho G.R.A.,Ibadan, Oyo State.

2. VERIFICATION: Your application will be  verified by  OYSIPA office, where you will be granted a unique code.

Step 3 : PAYMENT

 Click on Make Payment in your Dashboard and pay with you card.
Your receipt will be sent to your mail. Your payment will be confirmed to continue your registration
1. FILE UPLOAD: Upload the required document before you submit
2. TRACKING: You can track your payment and your loan with your tracking ID. The tracking ID will be generated and sent to your mail.
3. Completion: Complete the from by click apply, preview and submit

Download Your Forms Here

DOCUMENTATION REQUIREMENTS

    1. KYC Documentation

a. Two (2) passport-sized photographs of business promoter(s)

b. Valid means of identification (International passport, Drivers licence, Voter’s card, national identity card)

 A. CORPORATE APPLICANTS

Company registration documents with Corporate Affairs Commission (Form CAC2, CAC7, Memorandum and Articles of Association, etc)

 B. COOPERATIVES

Registration documents with Ministry of Trade, Investment and Cooperatives

List and identification documentation of executives

 C. NGOs

Trustee registration documents with Corporate Affairs Commission

2. Loan security documentation (collateral documentation / guarantor forms) will be provided after the initial screening of applicants.

FAQ

Who can apply for the loan?

Anyone who is running his/her business  in Oyo State and can provide the requirements as stated on this site.

How can I make payment on the offline or online?

You are required to make payment for the offline applications only to ;

Account Name: Oyo State Investment and Public Private Partnership Agency

Account Number: 1016729819

Bank: Zenith Bank PLC

You also can make payment via Online Portal.

 

How do I know when my payment is confirmed?

Your receipt would be sent to your mail and the loan tracking ID

How can I pay for my form?

 Click on make payment and enter the amount to  paid. You will be required to enter your card detail and confirmation will be sent to you and receipt to your mail.

How do I know know if my application is approved or denied?

You will received an email from us, you can also make use of your Tracking ID to monitor your loan status,

What is the climatic condition of the State?

The Climate in Oyo State is equatorial, notably with dry and rainy seasons with relatively high humidity. The dry season lasts from November to March while the rainy season starts from April and ends in October. Average daily temperature ranges between 25 °C (77.0 °F) and 35 °C (95.0 °F), almost throughout the year.