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creative
Beaded Jewelry & Accessories Making
Make and sell beaded necklaces, bracelets, anklets, and waist beads. Social media-driven demand is massive — Nigerian fashion beads sell well both locally and to diaspora buyers.
💰 Ways to Fund This
SMEDAN Programmes (free registration, training, grant windows)
₦0–₦3,000,000
Government Fund
Nigerian-owned micro or small business. Free CAC business name registration via the CAC-SMEDAN partnership is a common entry point.
📊 Varies by scheme — many components are free or grant-based; some link to subsidized loans.
NIRSAL Microfinance Bank — Targeted Credit Facility (TCF)
₦50,000–₦25,000,000
Microloan
Nigerian household, micro-enterprise, or small business; originally COVID-era, has continued as a general SME/household facility — confirm current status before applying.
📊 5% per annum interest — among the cheapest business credit available in Nigeria.
Bank of Agriculture (BOA)
₦50,000–₦5,000,000
Government Fund
Nigerian farmer, agro-processor, or agribusiness owner, including aggregators; scheme-specific eligibility varies.
📊 Subsidized agricultural lending rates — confirm current terms per scheme.
LSETF (Lagos State Employment Trust Fund)
₦50,000–₦1,000,000
Government Fund
Lagos State resident, business plan required, typically for registered or registering small businesses.
📊 Low/subsidized interest rates for qualifying Lagos-based entrepreneurs — confirm current scheme terms.
⚠️ Informational only — not financial advice. Confirm current terms directly with each provider before applying, and borrow only what you can repay.