How group lending works for cooperatives
Members borrow individually, guarantee each other, and repay through the cooperative.
Government-backed enterprise credit
Indicative figures
Affordable capital for the businesses that keep Osun working.
Low-interest loans for micro businesses, SMEs and cooperatives — funded by the Osun State intervention fund to grow local production, create jobs and reduce poverty.
12,480Businesses financed
640Cooperatives supported
38,900Jobs created or sustained
30Local government areas
Serving all 30 LGAs
- Aiyedaade
- Aiyedire
- Atakumosa East
- Atakumosa West
- Boluwaduro
- Boripe
- Ede North
- Ede South
- Egbedore
- Ejigbo
- Ife Central
- Ife East
- Ife North
- Ife South
- Ifedayo
- Ifelodun
- Ila
- Ilesa East
- Ilesa West
- Irepodun
- Irewole
- Isokan
- Iwo
- Obokun
- Odo Otin
- Ola Oluwa
- Olorunda
- Oriade
- Orolu
- Osogbo
Our mandate
Why the Agency exists
Every loan is a lever for the State's economic plan — not just a transaction.
01
Motivate local producers
Working capital and equipment finance for farmers, artisans, processors and manufacturers.
02
Stimulate the economy
Credit that circulates locally, lifting productivity across markets and value chains.
03
Reduce unemployment
Financing businesses that hire — especially youth and women-led enterprises.
04
Create lasting wealth
Sustainable livelihoods and a structured path out of poverty, backed by business support.
Priority sectors
All sectors
Where the intervention fund goes
Loan products
Indicative figures Finance sized for your stage
9%per year
Micro Enterprise Loan
₦50,000 – ₦500,000
Repay over 6–12 months
- For traders, artisans and service providers
- Guarantor-backed, no collateral
- 1-month moratorium
9%per year
Most requested
SME Growth Loan
₦500,000 – ₦5,000,000
Repay over 12–24 months
- For CAC-registered businesses
- Working capital or equipment
- Up to 3-month moratorium
7%per year
Cooperative Group Loan
₦500,000 – ₦10,000,000
Repay over 12–18 months
- For registered cooperatives
- Joint group guarantee
- Allocated per member
Quick estimate
What would my monthly repayment be?
Estimated monthly repayment
—
Open the full calculator
How it works
From application to disbursement
Apply online
Complete the form and upload your documents in about 15 minutes.
Screening
Identity (BVN/NIN) and eligibility checks by the credit desk.
Field visit
A loan officer verifies your business at its location.
Committee approval
Credit committee reviews and sets final terms.
Disbursement
Funds paid to your business account; repayments begin after moratorium.
Run a cooperative or trade association?
Group loans with joint guarantee and lower documentation for members.
Explore group lendingDelivering for Osun
See the full record
Government achievements at a glance
₦1.34bnDisbursed to businesses
12,480Enterprises financed
38,900Jobs created or sustained
58%Beneficiaries who are women
Gallery
Open gallery
Moments from the field
News & guides
All news
From the Agency
How moratorium and repayments work
What a grace period means for your monthly instalment, explained with the repayment calculator.
Five documents to prepare before you apply
A complete application moves through screening faster. Here is what to have ready.