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8. Applying for finance

Before you start. Sign in. Have ready your business or cooperative name, your state, your main value chain, the amount you need, and a clear plan for the money. Check the published range for your applicant type. For example, a cooperative can ask for between ₦25 million and ₦500 million under the climate-smart cluster facility.

Example: Hauwa Musa applies for ₦45 million for seasonal inputs for 180 maize farmers.

Steps.

  1. Select Marketplace and find the opportunity. Select View and apply. (If you already applied, the button says View request.)
  2. Read the left panel. It shows the facility, who provides the money, what it offers, and the first checks.
  3. Under Tell us about your request, choose I am applying as: Individual, Farmer, Cooperative, Enterprise or Investor.
  4. Type the Business or cooperative name and Phone number (both optional).
  5. Choose your State of operation and Primary value chain.
  6. Choose a Financing instrument and the Applicant / ticket category. The category shows its range, such as "₦25m–₦500m".
  7. Choose the Intended activity.
  8. Type the Requested amount (NGN).
  9. Fill in the extra fields for this facility. For the climate-smart facility these are Production cycle, Crop or productive asset, Climate exposure, Adaptation technology and Cluster, cooperative or FPO identifier.
  10. Under What will this opportunity enable?, describe the benefit in 20 to 2000 characters.
  11. Tick the consent box.
  12. Select Submit secure request. Select Cancel to leave without sending.

What happens next. You get a reference number in the form MKT-YYYYMMDD-XXXX, and a notification called Request received. The request appears in My requests as Under eligibility review. DFFMS staff who handle marketplace requests are told a new one is waiting.

Rules to know.

  • An amount outside the published range is still accepted. It is flagged for the committee as an exception, so expect more questions.
  • You cannot send a second request for the same opportunity while the first is pending, approved or active.
  • Non-naira amounts need a currency (FX) assessment.