Apply for CBN’s N50bn COVID-19 Loans April 2021 following the guideline below:
GoldenNewsNg gathered that the Central Bank of Nigeria ( CBN ) has made available 50 billion naira intervention loans for small and medium scale enterprises.
These 3 Categories Qualified to Apply for CBN’s N50bn COVID-19 Loans
CBN Targeted Credit Facility (TCF)
The Nigerian Supreme Bank launched TCF as an incentive package to mitigate the dangerous effects of the coronavirus (epidemic) in Nigeria all over the country (or across the continent).
The central bank has set aside NR 50 billion for the venture, which is administered and paid by NIRSAL Microfinance Bank.
The three eligible categories
1. Households
According to NIRSAL Microfinance Bank, Nigerian households that have verifiable evidence that the pandemic has adversely affected their livelihoods are are qualified to apply for the loans.
2. Microenterprises
Also, Nigerian enterprises are qualified for the TCF. The offer is, however, limited to those with verifiable evidence to show that their business activities have been adversely affected by the pandemic.
3. SMEs
Small and Medium Enterprises with bankable plans to take advantage of opportunities arising from the pandemic are also eligible for the stimulus package. According to NIRSAL Microfinance Bank, Nigerians can access up to N25 million in the stimulus package initiative.
Interested eligible applicants visit nmfbloans.nmfb.com.ng portal of National Microfinance Bank to register.
