{"id":4558,"date":"2020-07-15T16:32:55","date_gmt":"2020-07-15T16:32:55","guid":{"rendered":"https:\/\/rededitmagazine.com\/?p=4558"},"modified":"2020-07-15T16:33:41","modified_gmt":"2020-07-15T16:33:41","slug":"how-to-get-creative-sector-loan-from-the-central-bank","status":"publish","type":"post","link":"https:\/\/rededitmagazine.com\/2020\/07\/15\/how-to-get-creative-sector-loan-from-the-central-bank\/","title":{"rendered":"How To Get Creative Sector Loan From The Central Bank"},"content":{"rendered":"\n

The Central Bank of Nigeria (CBN), in collaboration with the Banker\u2019s Committee, has indicated how to get the creative sector loans.<\/p>\n\n\n\n

Both parties developed a Creative Industry Financing Initiative (CIFI) as part of efforts to boost job creation in Nigeria, particularly among youths in the country. The initiative has four pillars which include Fashion, Information Technology, Movie and Music.<\/p>\n\n\n\n

It would be recalled that last year, the CBN in conjunction with the Banker\u2019s Committee unveiled the Creative Industry Financing Initiative (CIFI)<\/a>, which was solely to enable businesses to obtain loans up to the tune of N500 million.<\/p>\n\n\n\n

Interested applicants in the creative industry are advised to submit their applications to their banks for approval and subsequent disbursement.<\/p>\n\n\n\n

How to benefit from the Creative Industry Financing Initiative (CIFI): The categories of businesses to benefit from this include Fashion, Information Technology, Movie Production, Movie Distribution, Music and Software Engineering Student Loan.<\/p>\n\n\n\n

Part of the steps in applying for the loan is to prepare your business plan or statement on the amount you want for your business.<\/p>\n\n\n\n

You can get a loan of up to:<\/p>\n\n\n\n