How To Apply For Covid-19 Loan Application for Households & SMEs

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.

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.

NMFB Covid19 Loan Support Application for Households & SMEs

With respect to the above circumstance, 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.

The NMFB Covid-19 loan is open to:

• Households with verifiable evidence of livelihood adversely impacted by COVID-19
• 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:

Interested participants, should logon to the nmfb loan application portal at: https://nmfb.com.ng/covid-19-support to apply

The NMFB COvid-19 Targeted Credit Facility (TCF) COVID19 Beneficiary Information Management System(BIMS) is at: https://covid19.nmfb.com.ng/