School Improvement Loan

School Improvement Loan

School Improvement Loan is designed for school proprietors and proprietress of private schools to improve their schools in terms of increased learners’ enrolment & quality education, educational facilities, accreditation and meeting up with regulators requirements. It is for school needs such as working capital, buildings improvement/renovation and procurement of fixed assists that enhances learning.


  • CAC Registration
  • Loan range ‒ NGN 250, 000 to NGN 10, 000, 000
  • Methodology: Individual
  • Grace period ‒ 2 months
  • Repayment Mode ‒ Repayment (School Academic Section) and shall be according to school cash-flow
  • Loan period ‒ 12 months


  • Own school property serves as collateral.
  • Access to funds to finance school projects.
  • Flexible repayment structure
  • Low-interest rate


  • Savings account with CSD MFB
  • Loan application letter
  • Duly completed application form
  • 2 guarantors
  • A valid means of ID (national ID, driver’s license, voter’s card or international passport)
  • Current utility bill
  • Recent passport-size of the Applicant and Guarantor
  • Collateral

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