Creative Industry Financing Initiative

The Creative Industry Financing Initiative is a long-term facility designed to support creative endeavours such as Software Development, Movie Production, Fashion designing, Music and Fine Arts.

Features & Benefits
  Fashion Information Technology Music
Interest Rate 9% p.a (all inclusive) 9% p.a (all inclusive) 9% p.a (all inclusive)
Tenure 10 Years 10 Years 10 Years
Moratorium 36 months from date of loan disbursement 36 months from date of loan disbursement 36 months from date of loan disbursement
Repayment Quarterly Quarterly Quarterly
Am I Eligible?

For Studnts Software Development Loan:

  • Must gain admission into a training organisation that has job placement contracts
  • No bad credit history with CRMS or any commercial banks in Nigeria
  • Preference for areas with low IT penetration
  • Minimum Equity Contribution – 0%
  • University degree certificate
  • NYSC certificate
  • Credible Guarantor
  • Personal Guarantee

For Movie Production:

  • Minimum of three (3) years relevant experience
  • No bad credit history with CRMS or any commercial banks in Nigeria
  • Preference for areas with low cinema penetration
  • Minimum Equity Contribution – 30%
  • Legal Mortgage
  • All asset debenture
  • Credible Guarantor
  • Personal Guarantee

For Movie Distribution:

  • Minimum Equity Contribution – 30%
  • Legal Mortgage
  • All asset debenture
  • Personal Guarantee
  • Minimum of three (3) years relevant experience
  • No bad credit history with CRMS or any commercial banks in Nigeria
  • Preference for areas with low cinema penetration
How to Apply?
  • Visit any of our branches closest to you to complete a loan application form
  • Submit duly completed loan forms with all relevant loan documentat