How to Apply:
1. Formal Application Letter
• Addressed to the Director General, KASEDA.
• Clearly state the purpose and need for the loan.
• Must be signed by the applicant and include the applicant’s phone number.
2. CAC Certificate
• Either a Business Name Registration Certificate or a Limited Liability Company Registration Certificate.
3. KASEDA Business Certificate
4. Bankable Business Plan
• A detailed plan demonstrating the viability and feasibility of the business.
5. Submission
• Submit all the above documents to the KASEDA office at NYSC Camp, Mani Road, Barhim, Katsina.
Next Steps:
• Once the application is approved, a list of successful applicants will be forwarded to KASEDA partner banks (Bank of Industry – BOI and Sterling Bank).
• The respective bank will then contact applicants for further documentation and clarifications.
Katsina State Enterprises Development Agency – Non interest Loan Conditions:
1. This loan is open to all Micro, Small, and Medium Enterprises (MSMEs) based in Katsina State, empowering a wide range of businesses, from startups to established ventures.
2. Individual business registered with CAC can apply, Registered Companies can apply, not cooperative or association.
3. You can apply for a minimum of ₦500,000 and a maximum of ₦10,000,000.
4. Enjoy a 3-month moratorium (grace period) before repayment starts, with a total loan tenure of 36 months (3 years), designed to give your business flexibility to stabilize and grow.
5. Collateral is not needed but Gurantor (level 8 and above civil servant or registered business entity.
6. This loan is not for cooperatives or associations; it is exclusively for individual businesses or companies registered with the Corporate Affairs Commission (CAC), not group-based entities.
7. Funds are disbursed directly to business account of the beneficiary.
8. The loan is designed for monthly repayments.
9. Repayments begin after a 3-month grace period (moratorium).
10. You must make monthly repayments, or the Global Standing Instruction (GSI) will automatically deduct payments from any account linked to your BVN, ensuring timely repayment.
11. The loan operates on a revolving basis, providing access to additional funding. Borrowers who repay on time can reapply and enjoy special consideration for future approvals.
12. Once you’ve successfully repaid your loan, you’re eligible to apply for a larger amount than what you initially received.
