COVID-19 Targetted Credit Facility: Credit Alerts and more spices the Valentine's day

The Nirsal Microfinance Bank has today even being a Sunday graced the Valentine's day with massive disbursement of the COVID-19 Targeteed Credit Facility Loan to it's applicants.

In addition, for the first time, the NMFB has also sent text messages to applicants whose loans have been approved but have not accepted their offers purportedly, for not being aware.

If you got such text message, note that it's not Scam. Kindly proceed to accept your offer at https://covid19.nmfb.com.ng. You have been given less than 48hours to accept your offer or face auto-reversal of the loan.

Waiting for approval or Acceptance of your loan offer, there are chances that you may not be sent approval notification, and you are likely to miss your offer if you fail to accept it within 1 week.

Hence, Applicants of the scheme need to keep checking their status by following the method below:

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 for the COVID-19 TCF just as https://nyif.nmfb.com.ng is for Nigeria Youth Investment Fund and https://nirsalmfb.caderp.com/Account/Register for AGSMEIS Loan Scheme.

4. A response will be displayed when you enter your BVN.

(A) 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. Avoid mistakes here.

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

(C) 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.

Read Also:COVID-19 Targetted Credit Facility: Most transparent Program asides N-Power - Nigerians react

Do note that Approval is done in batches and not a sole decision of the Nirsal Microfinance Bank -the NFMB sends application to CBN, CBN reviews and approves, gives order to NMFB to disburse the fund. According to CBN, the loan approval/disbursements is based on the activity, cash flow, and industry size of the beneficiaries. Just be patient

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