SMEDAN, Sterling Bank Matching Fund Programme 2022/2023

SMEDAN, Sterling Bank Matching Fund Programme 2022/2023. Applications for the SMEDAN, Sterling Bank Matching Fund Program. Interested persons should kindly check below for requirements and how to apply.

SMEDAN, Sterling Bank Matching Fund Programme 2022/2023 – SMEDAN and Sterling Bank Plc hereby announce the commencement of the SMEDAN/Sterling Bank Matching Fund Programme for Nano, Micro and small Enterprises.

This intervention is to deliver credit to the sub-sector in six selected States, as a promotional mechanism to enhance enterprise output, competitiveness and job creation. The disbursing entity, under the programme shall be Sterling Bank Pic.

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Call For Participation:

The joint programme partners, Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and Sterling Bank Plc hereby invite applications from all suitably-qualified Nano, Micro and Small Enterprises (MSEs) located in the following state:

  • Anambra,
  • Bayelsa,
  • Delta,
  • Ebonyi
  • Ekiti
  • Osun.

Programme Terms and Conditions:

a. Target Beneficiaries Definition: Target beneficiaries for this Programme shall be Nano, Micro and Small Enterprises (NMSEs) operating in the real sector with value-added agricultural products.

b. Financing available under the programme: Prospective beneficiaries may apply for financing within the range of N5OO Thousand to N2.5 million.

Conditions/Terms applicable:

a. The interest rate applicable on all financing under this programme shall not exceed single digit per annum.

b. The financing tenor is for a maximum period of 30 months, effective from the date of first disbursement. This is inclusive of moratorium (which may vary between 3 – 6 months, depending on the type of enterprise.

Applicable Security:

a. The applicant/Enterprise must be within the Agribusiness value chain (Upstream, Midstream & Downstream)

b. The applicant/Enterprise must have CAC registration or State approved registration

c. A moveable asset to be registered under the National Collateral Registry (NCR).

How to apply

1. Portal Opening: NMSEs can apply by visiting (, or click this link where Pre-qualification of applicants shall commence.

2. Business Plans Submission: Pre-qualified applicants shall be required to pay a processing fee of ten thousand (N10,000 00) Naira for the Business Plan template on the platform (Note: A separate training fee is not required).

Application Deadline

25th December 2022.

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