ASBA CIVIL SERVANT SOLUTION RETIREMENT ENTREPRENEURSHIP LOAN SCHEME:

This financial retirement program is specifically designed for civil servants who are still in active service and have attained Gratuity Status in Anambra State. The loan aims to provide financial assistance and support civil servants who wish to transition from their government jobs to entrepreneurship after retirement. It is also to empower them to become successful entrepreneurs, utilize their expertise and contribute to the economic growth of the state.

  • Applicants must have attained State Civil Service Gratuity status
  • Must be in a Co-operative with members that have all attained Gratuity status in the state civil service
  • Tenure of loan application must not exceed the retirement date of members
  • Monthly repayment amount should not exceed one-third of beneficiaries’ take home salary
  • Duration: 24 – 48 months  (6 months moratorium)
  • Amount: Negotiable
  • Annual Interest Rate
  • Loan Application letter
  • Co-operative Resolution letter
  • Valid means of identification for each member
  • 1 passport photograph of each of the 10 cooperative members
  • Utility bill
  • Confirmation of co-operative members from the Office of Director of Co-operative, Ministry of Industry
  • Co-operative’s Certificate of Registration
  • Co-operative’s Bye-Laws

    Note: Application and Resolution letters sould be on co-operative letterhead, signed by the President and Secretary with 1 passport photograph of both of them attached to the Application letter, and stamped with the co-operative stamp or seal.

  • PERSONAL INDEMNITY OF EACH CO-OPERATIVE MEMBERS
  • Gen 35
  • Personal Indemnity/ Irrevocable Letter of Authority (Authenticated at State High Court)

Note: Documents to be submitted by each co-operative member

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ASBA/SOLUTION 1 YOUTH 2 SKILLS WORKING LOAN:

One youth, two skills loan is a financial assistance program designed to support first phase of the 5000 trained young entrepreneurs who are the recipients of the SOLUTION 1 YOUTH, 2 SKILLS GRANTS looking to expand their existing businesses. The working capital loan provides the opportunity for these graduands to grow and diversify their businesses. By providing access to funding and resources, this program empowers young entrepreneurs to take their businesses to the next level and achieve their goals of expansion and success.

  • Duration: Up to 36 months (6 months moratorium)
  • Amount: MAX ₦5 Million
  • Annual Interest Rate
  • Loan Application letter
  • Co-operative Resolution letter
  • Upfront Interest Letter
  • Business Plan of  Co-operatives
  • 1 passport photograph of each of the 10 cooperative members
  • Bank statement of co-operative account (If applicable)
  • Utility bill
  • Confirmation of co-operative members
  • Certificate of Registration
  • Co-operative’s Bye-Laws

    Note: Application, Upfront interest and Resolution letters should be on co-operative letterhead, signed by the President and Secretary with 1 passport photograph of both of them attached to the Application letter, and stamped with the co-operative stamp or seal.

  • Commissioners
  • Managing Directors of Agencies in the State.
  • Permanent Secretaries
  • President Generals and Traditional Rulers
  • Civil servants (from SGL12-17)
  • High Net Worth Individuals
  • Cheque (signed + undated)
  • Valid means of identification
  • 1 passport photograph
  • Utility bill
  • Gen 35 (for civil servant)
  • Irrevocable letter of Authority (Authenticated at State High Court)
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ASBA SME SOLUTION LOAN SCHEME:

The SME SOLUTION loan is a financial program specifically designed to support and facilitate the growth of small and medium-sized enterprises (SMEs). The loan scheme aims to provide financial assistance and solutions to SMEs, enabling them to expand their operations, invest in new technologies and overcome financial challenges. This facility also aims to promote the development and sustainability of SMEs, as they play a crucial role in driving economic growth, creating employment opportunities, and fostering innovation

  • Business Plan/Feasibility Study
  • 1 year bank statement of the company.
  • Picture of valuable property in a commercial city within Anambra State only.
  • Duration- 3 Years 
  • Loan Amount – ₦10 Million – ₦50 Million
  • Annual Interest Rate
  • Photograph of collateral (Must be located in a commercial city)
  • Loan Application letter
  • Board Resolution Letter
  • Original Land Documents (C.of.O)
  • Business Plan
  • Certificate of Incorporation
  • Articles & Memorandum of Association
  • Tax Clearance Certificate of 2 Directors
  • One year Statement of Accounts from Banks
  • Passport and I.D of 2 Directors
  • Credit Search report by ASBA
  • Valuation Report on the property for collaterals by Ben CHika & Associates 

Note: Where the property presented has no C of O, ASBA can still process loans if the applicant pays all C of O registration fees and fulfills all other conditions for processing C of O as required by the State Ministry of Lands

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ASBA MICRO CO-OPERATIVE SOLUTION LOAN SCHEME (IGWEBUIKE):

A financial program that provides support and assistance to Micro Co-operatives. Micro- Co-operatives are small-scale enterprises that operate on a cooperative basis, where members collectively own and manage their various businesses. The loan covers various expenses related operations and expansion of the co-operative. This loan aims to support the sustainability and success of micro co-operatives, enabling them to contribute to local economies, create employment opportunities and empower communities.

  • Duration- 12 months 
  • Amount – MAX N5 Million
  • Annual Interest Rate
  • Loan Application letter
  • Co-operative Resolution letter
  • Upfront Interest Letter
  • Business Plan of Co-operative
  • 1 passport each of 10 members
  • Bank statement of co-operative account
  • Utility bill
  • Confirmation of co-operative members
  • Certificate of Registration
  • Co-operative’s Bye-Laws

    Note: Application, Upfront interest and Resolution letters should be on co-operative letterhead, signed by the President and Secretary with 1 passport photograph of both of them attached to the Application letter, and stamped with the co-operative stamp or seal.

  • Commissioners
  • Managing Directors of Agencies in the State.
  • Permanent Secretaries
  • President Generals and Traditional Rulers
  • Civil servants (from SGL12-17)
  • High Net Worth Individuals
  • Cheque (signed + undated )
  • Valid means of identification
  • 1 passport photograph
  • Utility bill
  • Gen 35 (for civil servant)
  • Irrevocable letter of Authority (Authenticated at High Court)
Download Form
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