FG CBN Covid-19 Loan Disbursement Started– Have you received yours? – If you have applied for Central Bank of Nigeria (CBN) Kovid-19 loan, we are very happy to tell you that the federal government has started disbursing the CBN Covid-19 loan to successful beneficiaries in the country.
Applicants who have successfully applied for the CBN Covid 19 loan have started receiving congratulatory messages.
An applicant has received information through SMS. We have given a sample below. You will also receive from NIRSAL Microfinance Bank, NMFB if your CBN Covid 19 loan is approved.
Sample: Your COVID-19 loan application is approved. Click on the link https://covid19.nmfb.com.ng to accept the offer and receive funds in your account. For more inquiries please call 09010026900
CBN has introduced an N50 billion Targeted Credit Facility (TCF) to those affected by the coronavirus epidemic as an incentive package to support households and micro, small and medium enterprises (MSME). FG CBN Covid-19 Loan Disbursement Started
The broad objectives of CBN’s N50 billion targeted credit facility include:
The cushion of adverse effects of COVID-19 on households and MSMEs;
Aid houses and MSMEs whose economic activities have been significantly disrupted by the COVID-19 epidemic.
Give credit to MSMEs for upgrading their equipment, and for expanding their productive capacity through research and development.
You must have submitted your application for the Central Bank of Nigeria (CBN) Kovid-19. Do you want to know if your application has been approved? If yes, please follow the step-by-step process here;
You will be asked to choose SME or Domestic
Click on the category for which you applied
A page will be displayed asking for your BVN
Enter your correct bank verification number (BVN)
Click Validate BVN
If your loan is approved, you will receive a congratulatory message from the portal stating the name of the applicant, the loan amount sanctioned, loan tenor, and loan moratorium, asking you to accept or decline it.
Enter your full name and bank account number
Then wait for 2-3 days to get your money directly into your bank account.
If your loan is not approved, you will get a response that says; sorry, your loan has not been approved. Please check back later.