26 Aug

On August 19, 2014 the Central Bank of Nigeria (CBN) launched a N220 Billion Micro, Small and Medium Enterprises Development Fund (MSMEDF) to finance and develop the SME sector in Nigeria.
Sixty percent of this funding has been set aside for women entrepreneurs.
Keystone Bank is one of the Participating Financial Institutions (PFIs) and provides the Pink Account as a channel for female entrepreneurs to take advantage of the opportunity.
ELIGIBLE INDUSTRIES:

  • Educational Institutions
  • Agricultural value chain
  • Manufacturing
  • Renewable Energy

Single Obligor Limit:

  • N50m maximum

Tenor:

  • 5 years maximum tenor

Security:

  • Legal Mortgage
  • Pink Savings Account
  • Others

APPLICATION REQUIREMENTS:
1) Application letter stating clearly Business Sector, Requested Amount and Tenor, Asset, last year turnover (if available)
2) Company Board Resolution
3) A Pink Account with Keystone Bank.
4) Viable Business Plan and Cashflow Projection
5) Letter of Authority to debit for CRMS Check
6) Certificate of Incorporation or Registration & MEMART (as appropriate)
7) Borrowers Contact Details – Business & Directors’ Addresses & Telephone numbers
8) Collateral acceptable to Keystone Bank

Comments(00)

  1. How do I open a cooperate pink account to access this CBN MSMEs Fund?
    Uche Adeeko
    CEO Aloe Beauties International

    Uche Adeeko 28th August 2015
    1. Dear Uche,
      Thank you for your enquiry.
      To open a Pink Account visit this link http://keystonebankng.com/pinkaccount/ OR visit any Keystone Bank branch nearest to you.
      You can also find out more about accessing the CBN MSME Fund.
      Regards

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