NIRSAL Microfinance Bank Covid 19 Loan Application

NIRSAL Microfinance Bank Covid 19 Loan Application 2020/2021

The Central Bank of Nigeria (CBN) offers an incentive package to support COVID-19 epidemic-affected households and micro, small and medium enterprises (MSMEs).

NIRSAL Microfinance Bank Civid 19 Loan

The coronavirus (COVID-19) epidemic has caused an unprecedented disruption in global supply chains, global crude oil prices plummeted, global financial and stock markets chaotic, and cancellation of physical programs. large-scale sports and entertainment, and individual mobility. The movement has stopped. Restrictions / restrictions on transcontinental travel on air routes are important in many countries and around the world.

These results have had serious consequences on livelihoods and household businesses, leading to a decline in global demand, consumer confidence and slowing production.

In this regard, the Central Bank of Nigeria (CBN) has launched a Target Credit Fund (TCF) worth 50 billion N50 billion USD as an incentive package to support households affected by the COVID pandemic. -19 and micro, small and medium enterprises (MSME). .

Who is Eligible?

Households
Households with verifiable evidence of livelihood adversely impacted by COVID-19

Microenterprises
Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic

SMEs
Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic

How to Apply for Nirsal Microfinance Bank Loan – NMFB Loan

STEP 1
Submit An Application
The process is very easy, you can start on your phone, tablet or laptop.

Submit applications directly to NIRSAL Microfinance Bank (NMFB) with strong evidence of adverse effects or opportunities caused by the COVID-19 pandemic.

STEP 2
Approval
The competent authority will review your application and forward it to CBN for final approval.

STEP 3
Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB

Important Links

• NYIF Application Form
• NYIF Registration
• Survival Fund Portal www.survivalfund.gov.ng