NIRSAL MFB Gives New Update About Non-Interest Banking Window

Covid-19 Household Non-Interest Loan Portal - How To Apply

Covid-19 Household Non-Interest Loan Portal – 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, lockdown of large swaths movements of persons in many countries, and intercontinental travel bans/restrictions across critical air routes across the world.

Also Read >>> AGSMEIS Non-Interest Loan Portal-How To Apply

These outcomes have had severe consequences on households’ livelihoods and business activities, resulting from drop in global demand, declined consumer confidence and 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 affected by the COVID-19 pandemic.

Who is Eligible?

MSME’s with 1-5 staff and verifiable evidence of business activities adversely affected as a result of the pandemic with evidence of job protection for its staff.

Hospitality businesses, health (pharmaceuticals and medical supplies) Airline service providers, manufacturing/value addition, trading and any other income generating activities as may be prescribed by CBN and are Shari’ah complaint.

Financing limit for Households is N1,000,000.

The Covid-19 Household Non-Interest Loan Portal is via our website on www.nmfb.com.ng or http://nibloans.nmfb.com.ng/noninterestlendingtcfhousehold

For further enquires, contact 09010026900.

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