2010-05-21 | DFD20100520

N200 Billion Small And Medium Enterprises (SME) Credit Guarantee Scheme (SMECGS)

The CBN's Guidelines for the Nigeria SME Credit Facility Scheme provides a structured framework that outlines the purpose, eligibility criteria, procedure for applying for the guarantee, acceptable collateral, loan tenor, verification/monitoring of projects, responsibilities of stakeholders, discontinuation of credit facilities, and amendments to the guidelines. The program aims to promote growth within Small and Medium Enterprises (SMEs) by providing access to credit at reasonable interest rates while safeguarding banks against potential losses through a guarantee mechanism administered by the CBN.

Nigeria

Central Bank of Nigeria

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