Welcome, Guest: Join Nairaland / LOGIN! / Trending / Recent / New
Stats: 2,483,570 members, 5,624,376 topics. Date: Thursday, 28 May 2020 at 08:14 PM

How To Access The N50billion CBN COVID-19 Loan - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / How To Access The N50billion CBN COVID-19 Loan (2606 Views)

Any Update On 50 Billion Naira CBN COVID-19 Loan? / Stanbic IBTC, NIRSAL, Seal N50billion Agric Financing Deal / How Can He Access The Bank Account Of Dead Parents (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 2:31pm On May 07
N50Billion CBN COVID-19 Loan for Households and SME Businesses. As part of the measure to reduce the impact of COVID-19 pandemic on businesses in Nigeria, the Federal government of Nigeria through the Central Bank of Nigeria (CBN) have introduced COVID-19 intervention loans for Households, SME and MSME.

The COVID-19 Support fund will be distributed by NIRSAL Microfinance Bank and come with an Interest rate under the intervention is 5% P.A. (all-inclusive) up to 28th February 2021 and thereafter, the interest will revert to 9% P.A. (all-inclusive) as from 1st March 2021,

Step by Step to Apply and How it works

Follow the steps below for detailed guidelines on how to apply;

Step 1 - You Get Trained

Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2 - You Apply For the Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3 - You Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4 - Get Business Support Services


The Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially.

Step 5 - Make Sales

Sell products and services to pay back the loan and make a profit.

Step 6 - Repay Loan

Run your business, keep proper records, monitor sales, and expenses to maximize profit, and pay back the loan.

Note:

This loan scheme does not require a collateral.
This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(cool weeks.
Disbursement has started and has disbursed over N25B and this is still ongoing.
N50Billion CBN COVID-19 Loan

Eligibility Criteria:
Be a Nigerian citizen
Own/operate Household or SME Business or Enterprise
Would like a 1M - 10M Naira one digit loan facility

Requirement:
Loan application letter
Duly completed application form
Duly executed Guarantor form
A valid means of ID (national ID, driver’s license, voter’s card or international passport)
Current utility bill
2 recent passport-size photographs
BVN

How to Apply

To get started, click here to Apply

1 Like 1 Share

Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 8:38pm On May 07
.

1 Share

Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 4:04am On May 08
grin cheesy
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 9:54am On May 08
hello do you have any idea about the agsmeis too?
ndyfaby:
N50Billion CBN COVID-19 Loan for Households and SME Businesses. As part of the measure to reduce the impact of COVID-19 pandemic on businesses in Nigeria, the Federal government of Nigeria through the Central Bank of Nigeria (CBN) have introduced COVID-19 intervention loans for Households, SME and MSME.

The COVID-19 Support fund will be distributed by NIRSAL Microfinance Bank and come with an Interest rate under the intervention is 5% P.A. (all-inclusive) up to 28th February 2021 and thereafter, the interest will revert to 9% P.A. (all-inclusive) as from 1st March 2021,

Step by Step to Apply and How it works

Follow the steps below for detailed guidelines on how to apply;

Step 1 - You Get Trained

Attend a compulsory training with a CBN certified Entrepreneurship Development Center (EDC).

Step 2 - You Apply For the Loan

The Entrepreneurship Development Institute (EDI) guides and assists you in getting all necessary documents required to secure the loan

Step 3 - You Receive Funds

Loans are paid into the account of beneficiaries. Unqualified candidates are given feedback.

Step 4 - Get Business Support Services


The Entrepreneurship Development Institute assists you to implement a business plan and provide business support services commercially.

Step 5 - Make Sales

Sell products and services to pay back the loan and make a profit.

Step 6 - Repay Loan

Run your business, keep proper records, monitor sales, and expenses to maximize profit, and pay back the loan.

Note:

This loan scheme does not require a collateral.
This loan scheme is designed to be easily accessible. The entire process is automated. From application submission to disbursement takes six(6) to eight(cool weeks.
Disbursement has started and has disbursed over N25B and this is still ongoing.
N50Billion CBN COVID-19 Loan

Eligibility Criteria:
Be a Nigerian citizen
Own/operate Household or SME Business or Enterprise
Would like a 1M - 10M Naira one digit loan facility

Requirement:
Loan application letter
Duly completed application form
Duly executed Guarantor form
A valid means of ID (national ID, driver’s license, voter’s card or international passport)
Current utility bill
2 recent passport-size photographs
BVN

How to Apply

To get started, click here to Apply
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 11:54am On May 08
still on the same website. all are done through the microfinance website
waleyp:
hello do you have any idea about the agsmeis too?
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 10:26pm On May 08

Re: How To Access The N50billion CBN COVID-19 Loan by Tinamama: 11:09pm On May 08
Pls where can I go for the training
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 11:43pm On May 08
once u have applied online, u will be call upon. Just be checking ur email
Tinamama:
Pls where can I go for the training
Re: How To Access The N50billion CBN COVID-19 Loan by androidFather: 12:15am On May 09
I have applied, but I can't access the loan and no one has called me for the training despite i choose nearest centre close to me.
Re: How To Access The N50billion CBN COVID-19 Loan by taibat61(m): 6:28am On May 09
Ok
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 7:48am On May 09
Please for those that Applied still waiting for call for application made. Please make use of this. I got from the Ministry of youth site

1 Share

Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 11:06am On May 09
when you register online you must have gotten to a place where they will tell you to choose a training centre nearest to you.you need to do that first ,go to nirsal bank and they will direct you to the location of the edi centre.
Tinamama:
Pls where can I go for the training
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 11:07am On May 09
not checking your mail only they will send you a text messsage on your phone and besides i think you will have to do a business plan too
ndyfaby:
once u have applied online, u will be call upon. Just be checking ur email
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 11:08am On May 09
and mind you it will be good for you to apply in the state you you base or where your business is operating.
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 1:15pm On May 09
Waleyp u really have deep knowledge about it. Thanks Waleyp
waleyp:
and mind you it will be good for you to apply in the state you you base or where your business is operating.

1 Like

Re: How To Access The N50billion CBN COVID-19 Loan by wmcnigeria(m): 1:25pm On May 09
This company awards 5000 Naira when you just start a conversation with them on Facebook. How does this work, they want you to tell them your opinion or feedback about their drug and you get paid for the survey. Click the link below and click on send message on the button below the video.

https://m.facebook.com/story.php?story_fbid=1100420697000177&id=100425114917783
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 1:49pm On May 09
Lol
ndyfaby:
Waleyp u really have deep knowledge about it. Thanks Waleyp
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 9:19pm On May 09
well done
Re: How To Access The N50billion CBN COVID-19 Loan by hismade: 12:25am On May 10
*SIMPLE WAY TO EARN MONEY ONLINE*

Partner or Become an affiliate with *SAIRUI MALL E-COMMERCE* and get the privilege of being paid *every 10 days plus free product deliver to your Door step.*
Ask me how”
http://wa.me/+2349050531629
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 8:56am On May 10
how legit is this

hismade:
*SIMPLE WAY TO EARN MONEY ONLINE*

Partner or Become an affiliate with *SAIRUI MALL E-COMMERCE* and get the privilege of being paid *every 10 days plus free product deliver to your Door step.*
Ask me how”
http://wa.me/+2349050531629
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 1:57pm On May 11
angry
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 8:50pm On May 11

Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 2:52pm On May 12
.
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 4:37am On May 13
grin
Re: How To Access The N50billion CBN COVID-19 Loan by OzAduke(f): 5:56am On May 13
Mtchewww
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 11:19am On May 13
shocked shocked
OzAduke:
Mtchewww
Re: How To Access The N50billion CBN COVID-19 Loan by Sundahjoe(m): 12:50pm On May 13
Tower Aluminum product..
we can help you supply your Aluminum roofing sheets: long span and step tiles in range of 0.45, 0.5 and 0.55mm thickness and also we have Stone coated sheet too. we have one the best in quality and we don't compromise on our standard. Apart from help you with the supply, we can also install it for you, our brand is a household name and existing over years. our prices are fair among the rest.
for more enquiries or engagement contact 08101682211 or 08035914870
Re: How To Access The N50billion CBN COVID-19 Loan by SocialJustice: 4:41pm On May 13
Countries are giving out grants, my dear Nigeria is giving out loans while almost N14b will be used to feed mostly ghost kids monthly.
Re: How To Access The N50billion CBN COVID-19 Loan by jayaim: 7:14pm On May 13
That's to tell u how clueless this government is. I hating talking about them it gives me cronic headache
SocialJustice:
Countries are giving out grants, my dear Nigeria is giving out loans while almost N14b will be used to feed mostly ghost kids monthly.
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 8:33pm On May 13
HAHAHAHAH. U GUYS R FUNNY

jayaim:
That's to tell u how clueless this government is. I hating talking about them it gives me cronic headache
Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 8:42pm On May 13
waleyp:
not checking your mail only they will send you a text messsage on your phone and besides i think you will have to do a business plan too

Pls do not expect a call or text from any of the training center because they'll not do so...
While filling the form, when you click on the centre close to you you will see a/some phone number to call, do call them for there next training schedule, that exactly what I did and I've been trained.

2 Likes

Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 12:44am On May 14
And have you done your online business plan also
Ade4all080:


Pls do not expect a call or text from any of the training center because they'll not do so...
While filling the form, when you click on the centre close to you you will see a/some phone number to call, do call them for there next training schedule, that exactly what I did and I've been trained.

(1) (2) (3) (4) (Reply)

Business 360: A New Investment Newspaper / Does Anyone Know The Prices of Iron Rods? / Bakery Business

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2020 Oluwaseun Osewa. All rights reserved. See How To Advertise. 98
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.