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Home ... The Creative Industry Financing Initiative

The Creative Industry Financing

Initiative
Created for Growth. Designed for Entrepreneurs.

Get up to N500 million to finance your creative business with the Creative Industry
Financing Initiative, supported by GTBank and funded by the Central Bank of Nigeria.
This facility is available to entrepreneurs in fashion, music, movie production, and
information technology.

Apply Today

About The Creative Industry Financing

Initiative

The Creative Industry Financing Initiative (CIFI) is a loan scheme developed in collaboration with the About
Central Bank of Nigeria (CBN) to provide access to long-term and low-interest financing for
Features
entrepreneurs in the creative industry, including Fashion, Music, Movies, and Information
Technology. What's in it for you?

Who Can Apply

Apply Today

Features Eligibility

Software Development and Movie Need Help?

Visit the Help Centre

or Call:
Student Software
Features Development Loan Movie Production Movie Distribution +234 700 4826 66328
+234 1 448 0000
Single Obligor Limit N3million N50million N500million

Interest Rate 9% per annum 9% per annum 9% per annum

Tenor 3 years 10 years 10 years

 Student Software
Features Development Loan
Moratorium 9 months from date of
disbursement
Repayment Monthly
Security Arrangement Minimum Equality
Contribution (0%),
University Degree, NYSC
Certificate, Credible
Guarantor, Personal
Guarantee
Other Conditions Must gain admission into
a training organisation
that has job placement
contracts. No bad credit
history with CRMS or any
commercial bank in
Nigeria bank. Preference
for areas with low IT
penetration
Funding Structure Minimum Equity
Contribution (0%). DMB
(Term Loan) - 100%
Fashion, Information Technology (IT) and Music
Features Fashion
Monetization Equipment Purchase,
Rental/Service fees
Interest Rate 9%
Tenor 10 years
Moratorium 36 months from date of
loan disbursement
Repayment Quarterly
Security Arrangement Minimum Equity
Contribution (20%),
Mortgage Debenture,
Legal Mortgage, Lien on
stock of trade and items
of equipment.
Other Conditions At least three (3) referrals
from recognised sponsors
or bodies or organisation,
Minimum of three years
(3) relevant experience,
No bad credit history with
CRMS or any commercial
bank in Nigeria.
Movie Production
24 months from date of
disbursement
Quarterly
Minimum Equality
Contribution (30%), Legal
Mortgage, All asset
debenture, Credible
Guarantor, Personal
Guarantee
Minimum of 3 years
relevant experience. No
bad credit history with
CRMS or any commercial
bank in Nigeria bank.
Preference for areas with
low cinema penetration.
Minimum Equity
Contribution (30%). DMB
(Term Loan) - 70%
Information Technology
Equipment Purchase,
Rental/Service fees
9%
10 years
36 months from date of
loan disbursement
Quarterly
Minimum Equity
Contribution (20%),
Mortgage Debenture,
Legal Mortgage, Lien on
stock of trade and items
of equipment.
At least three (3) referrals
from recognised sponsors
or bodies or organisation,
Minimum of three years
(3) relevant experience,
No bad credit history with
CRMS or any commercial
bank in Nigeria.
Movie Distribution
24 months from date of
disbursement
Quarterly
Minimum Equality
Contribution (30%), Lega
Mortgage, All asset
debenture, Credible
Guarantor, Personal
Guarantee
Minimum of 3 years
relevant experience. No
bad credit history with
CRMS or any commercia
bank in Nigeria bank.
Preference for areas with
low cinema penetration.
Minimum Equity
Contribution (30%). DMB
(Term Loan) - 70%
Music
Equipment Purchase,
Rental/Service fees
9%
10 years
36 months from date of
loan disbursement
Quarterly
Minimum Equity
Contribution (20%),
Mortgage Debenture,
Legal Mortgage, Lien on
stock of trade and items
of equipment.
At least three (3) referrals
from recognised sponsor
or bodies or organisation
Minimum of three years
(3) relevant experience,
No bad credit history with
CRMS or any commercia
bank in Nigeria.
 Features Fashion Information Technology Music

Funding Structure Minimum Equity Minimum Equity Minimum Equity

Contribution (20%). DMB Contribution (20%). DMB Contribution (20%). DMB
(Term Loan) - 80% (Term Loan) - 80% (Term Loan) - 80%

What's in it for you?

Up to N500 Million for your creative business

Low-interest rate of 9% per annum

Flexible repayment plan spread over 3 - 10 years

Who Can Apply

Entrepreneurs in the following sectors of the creative industry:

Fashion (Designers)

Music (Music Production & Distribution)

Movie (Movie Production & Distribution)

Information Technology (Information Technology & Student Software Development

Loan)

Apply Today

Fill and submit the form below to begin the application process.

Surname* First Name*

Provide your Last Name Provide your First Name

Mobile Number* Business Name*

Provide your Mobile Phone Number Provide the Name of Business

Access Bank Account Number*

Select your Bank Provide your Account Number of the selected Bank
 Email Address* Confirm Email Address*

Provide your Email Address Confirm you have entered the correct Email Address

-- Select --

Select the type of sector

Submit

Eligibility

To be considered for the Creative Industry Financing Initiative, your business must satisfy the
following requirements:

Be a part of the creative industry (fashion, music, movies, and information technology).

Registered with the Corporate Affairs Commission

Submit a comprehensive business proposal

Clean Credit Bureau Report with no unpaid obligations

Satisfactory CRMS report of owners, sponsors and directors

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