COVID-19 Targetted Credit Facility: Alert Alert! Approval Approval! Congratulations! - Daily Info Update

These have been the songs of many applicants of the COVID-19 Targeted Credit Facility this morning as many continue to smile to the bank through the applaudible efforts of the Federal Government to cushion the effect of COVID-19 Pandemic on Nigerians.

Daily Info Update had early this week disclosed that both alert and approval would reign for the April, May and June applicants this week as hope heightened following the increment of the COVID-19 TCF funding from N150Billion to N300Billion.

Announcing the increment, Tuesday, after a Monetary Policy Committee (MPC) meeting held in Abuja, the CBN Governor, Mr Godwin Emefiele noted that the decision of the apex bank raising the COVID-19 Targeted Credit Facility from N150 billion to N300 billion is to accommodate more Nigerians in a bid to cushion the impact of the pandemic that has pushed the nation’s economy into its second recession in five years.

Emefiele furthered that increasing the Targeted Credit Facility will, by boosting consumer spending, stimulate output and ensure that all the six geopolitical zones benefitted from the palliative, adding that the Monetry Policy Committe (MPC) have been briefed on how impactful the COVID-19 Targetted Credit Facility has been and they are committed to doing more. Applauds to the apex bank!

Kindly note that for some reasons, you may not get an approval text message when your Loan is approved; so be proactive in other not to miss a great opportunity and keep checking your Status.

To check if your Loan has been approved, follow this method:

1. Open https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household

3. Enter your BVN. Do not worry, the website is safe. That's the official website of Nirsal Microfinance Bank.

4. A response will be displayed. 
If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to complete the process and enter bank name and your account number.

If it says 'Your loan has not been approved, check back later, kindly check back later as they said.

If it however displays "BVN does not exist", do not panic. Just keep checking back from time to time as approval is on going and hope is high.

These will help solve your problems regarding the COVID-19 Targetted Credit Facility Loan:

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