COVID-19 TCF: CBN Disburses N253B to 548,345Household (Uncredited Applicants Must Do This)

See CBN Covid19 Loan Via NIRSAL Microfinance Bank: Registration & Repayment

The NIRSAL Microfinance Bank via the Central Bank of Nigeria has disbursed N253B for household loans in the covid-19 loan programme to over 548,000 persons

The disbursement of N253B is a commitment made by the federal government to curb the effect of the coronavirus pandemic on businesses and household spendings in the country

The CBN acting Director of Corporate Communications, Osita Nwanisobi,  disclosed this, Thursday, at the bank’s special day at the ongoing 42nd Kaduna International Trade Fair.

According to Osita Nwanisobi:

“About 29,026 beneficiaries have accessed N111.7 billion under the Agri-business/Small and Medium Enterprises Investment Scheme (AGSMEIS)”

“Under the National Youth Investment Fund, 7,057 beneficiaries comprising 4,411 individuals and 2,646 SMEs have so far accessed the scheme. The Creativity Industry Financing Initiative (CIFI) has also provided loan facilities for 341 beneficiaries across movie production, movie distribution, music and software development.”

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“The Anchor Borrowers Programme was able to provide intervention facilities to 3,107,949 small holder farmers who cultivated 3.8 million hectares of land,”

“We, therefore, enjoin Nigerians, particularly women and youths, to cue into our bouquet of intervention programmes and take advantage of schemes such as the ABP; Targeted Credit Facility (TCF); Commodity Development Initiative (CDI); Creative Industry Financing Initiative (CIFI); Micro Small and Medium Enterprises Development Facility (MSMEDF); and the Agric-business/Small and Medium Enterprises Investment Scheme (AGSMEIS),

Applicants for the Covid-19 loan who applied for the loan since 2020, are to check their Email or SMS inbox to confirm if you were given

“The loan disbursements would be determined based on the activity, cash-flow, and industry size of the beneficiaries

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Each eligible SME will receive a maximum of N25 million while qualified households can access a maximum of N3 million each

See CBN Covid19 Loan Via NIRSAL Microfinance Bank: Registration & Repayment
The credit facility is aimed at providing financial relief to households and small businesses as they cope with the economic fallouts of the pandemic”

APPLY FOR COVID-19 LOAN HERE

THOSE YET TO BE CREDITED CLICK HERE

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