COVID-19 TCF: Old applicants, why you should have hope and be checking your Status

The decision of the Nirsal Microfinance Bank to suddenly reopen the application portal for the COVID-19 Targetted Credit Facility Loan was to accommodate Nigerians who were unawares when the previous application was made between April, May and June last year.

This decision is not to terminate the previous application or to deny those whose loan have been approved, the opportunity of getting their loans.

However, the essence of encouraging the old applicants whose loans have been approved but yet to be disbursed or those whose loans have not been approved to re-apply is to ensure that one would not loose out ourtrightly at both ends.

The NMFB has continued with the old applicants, both approval and the disbursement processes. The new applicantion is currently on going and it's review would commence upon closing the application window. This gives more hope to the old applicants.

Has your loan been approved but not yet disbursed, have hope and be expecting your disbursement. Even though you re-applied, your old data is still intact and only one application will be considered.

Have you been expecting your loan approval, keep checking your status using the simple 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 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.

Patience is the only price one has to pay to get COVID-19 Targetted Credit Facility Loan.

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