OYSG SMEs/MSME Development Fund Loan Scheme
OYSG/MSME Loan Scheme
The OYSG MSME Development Loan Scheme started in year 2014 when Oyo State Government approached Central Bank of Nigeria (CBN) for an Intervention fund of N2 billion for business growth in the state with a foresight to create more employment for people throughout Oyo State.
The N2 billion was disbursed through Micro Finance Banks at a single digit interest rate of 9% to help Macro, Micro, Small, Medium enterprises in the State.
Two tranches of loan disbursement have been done in the past 5 years via 4 Microfinance Banks.
A N1 billion loan scheme solely funded by OYSG is now available as an ongoing initiative for MSMES and to be a benefactor we have introduced a more efficient online registration system where you are to fill your details and pay for the forms online. Click to Apply
OYSG-BOI SMEs Loan Scheme
The Bank of Industry provides access to fund start-ups, SMEs, and large enterprises by facilitating the entire process, right from pre-loan application.
The scheme is an ongoing initiative, and offers single digit loans for SME businesses resident in Oyo State.
These businesses have benefited greatly and the repayment rate from benefactors can be adjudged as very good, hence the motivation for the scheme to continue.
To access this 1 billion revolving fund by OYSG and BOI, kindly log on to the loan portal Click to Apply to fill in your details and pay online.