The Coronavirus (Covid-19) pandemic outbreak have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and slowdown in production.
In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
Who Can Apply:
1.) Households: Households with verified evidence of livelihood adversely impacted by Covid-19
2.) MSMEs: Existing enterprises with verifiable evidence of business activities adversely affected as a result of the covid-19 pandemic.
3.) Corporate Enterprises: Enterprises with bankable plans to take advantage of opportunities arising from the covid-19 pandemic.
How it works:
STEP 1: Submit An Application
The process is easy.You can begin on your phone, your tablet or your laptop. Submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of COVID-19 pandemic.
STEP 2: Approval
We review your application and forward the application to the CBN for final approval.
STEP 3: Disbursement
CBN reviews applications and gives final approval for disbursement to NMFB
How to apply:
Interested persons should: