How to Apply for COVID-19 Loan Second Batch Reopen Get Up To N25M (NMFB CBN)
CBN N25 COVID-19 Support Loan | 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
Central bank of Nigeria has reopen portal for second batch COVID-19 Loan. Access up to N25 Million COVID-19 loan, Federal Government Loan, How to obtain COVID-19 Loan, the requirement to Apply for COVID-19 Loan second batch.
A stimulus package to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID19 pandemic.
- Nigerian Youth Investment Fund (NYIF) List of Shortlisted
- MSMEs Survival Fund Payroll Support List of Shortlisted
This second batch COVID-19 Loan application is mainly for the Household, Microenterprises, SMEs and Nigeria youth that did not apply before. and that if by one reason or the other you did not apply or you apply but it was not successful, this is the opportunity to re-apply again before is too late.
The Coronavirus Disease (COVID-19) pandemic has led to unprecedented disruptions to global supply chains, sharp drop in global crude oil prices, turmoil in global stock and financial markets, massive cancellation of sporting and entertainment event, the lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.
These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from the drop in global demand, declined consumer confidence, and the 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.
- Households: Households with verifiable evidence of livelihood adversely impacted by COVID-19 should visit
- 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
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 the 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.