nmfb.com.ng | CBN Nirsal mfb Coronavirus Loan | NMFB | nmfb loan application form
The Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL) Microfinance Bank (MFB) is offering access to a targeted credit facility for COVID-19, up to N25 million via the nmfb.com.ng portal
The Central Bank of Nigeria (CBN) introduced the nmfb 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.
Consequently, the Central Bank of Nigeria (CBN) introduces a stimulus package to support households and Micro, Small and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.
NMFB LOAN ELIGIBILITY
Households with verifiable evidence of livelihood adversely impacted by COVID-19.
Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic.
Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic.
HOW TO APPLY FOR NMFB COVID 19 APPLICATION
Submit An Application
The process is easy by visiting nmfb.com.ng portal (link below), you can begin on your phone, your tablet or your laptop. There is no collateral or guarantor needed.
Interest rate under the intervention is 5% p.a. (all inclusive) up to 28th February 2021 and thereafter, the interest on the facility will revert to 9% p.a. (all inclusive) as from 1st March 2021.
How long is the nmfb covid 19 loan for?
Working capital will be for a maximum period of one year, with no option for rollover. Term loans have a maximum tenor of not more than 3 years with, at least, one-year moratorium.
How much can I access via the nmfb.com.ng loan portal?
Households: Can access a maximum of N3 million
Loan amount to SMEs shall be determined based on the activity, cashflow and industry/segment size of beneficiary, subject to a maximum of N25 million.
TO ACCESS NMFB.COM.NG APPLICATION LINKS FOR DIFFERENT CATEGORIES (VIEW LINKS BELOW) –
- NMFB SME APPLICATION – CLICK here
- NMFB HOUSEHOLD APPLICATION – CLICK here
- NMFB MICRO ENTERPRISE APPLICATION – CLICK here
For more information: Visit the webpage for www.nmfb.com.ng