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How To Access The N50billion CBN COVID-19 Loan - Business (4) - Nairaland

Nairaland Forum / Nairaland / General / Business / How To Access The N50billion CBN COVID-19 Loan (9202 Views)

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Re: How To Access The N50billion CBN COVID-19 Loan by africanpea: 2:17pm On May 27
waleyp:
Lol you know I can't help like that, I wasn't there when you did the registration... But I can try, but first your location and how did you register and how did you pay 10k,was the 10k for training

My location is Enugu state, I registered online via the link the original poster published on the first page.
As for the 10k, I have not paid that either.
Re: How To Access The N50billion CBN COVID-19 Loan by SavageResponse(m): 3:39pm On May 27
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

You did not mention anything about kickback cos this is Nigeria a very corrupt country and I'm very sure at some point during the process someone will ask the loan applicant for kickback of 10% grin
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 6:21pm On May 27
Ok Good While Fillin The Form Did You Get To The Place Where They Said You Should Pick A Training Centre ?
africanpea:


My location is Enugu state, I registered online via the link the original poster published on the first page.
As for the 10k, I have not paid that either.
Re: How To Access The N50billion CBN COVID-19 Loan by africanpea: 8:49pm On May 27
waleyp:
Ok Good While Fillin The Form Did You Get To The Place Where They Said You Should Pick A Training Centre ?

Yes, and I chose Enugu state.
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 9:06pm On May 27
That's good I think the best thing to do is to visit nirsal micro finance bank there and tell will tell you everything you need to know
africanpea:


Yes, and I chose Enugu state.

1 Like

Re: How To Access The N50billion CBN COVID-19 Loan by africanpea: 9:45pm On May 27
waleyp:
That's good I think the best thing to do is to visit nirsal micro finance bank there and tell will tell you everything you need to know

Thanks again

1 Like

Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 11:20am On May 28
Keep updating me about it
africanpea:


Thanks again
Re: How To Access The N50billion CBN COVID-19 Loan by africanpea: 12:53pm On May 28
waleyp:
Keep updating me about it

I called them today and realized I made an error while filling the form. I've returned to make the necessary correction, gotten the training contact number as well.
Thanks for your patience. I'll still keep you updated.
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 1:23pm On May 28
Now you see why I told you to contact them? Good you did that, contact the training centre and find the date of their training
africanpea:


I called them today and realized I made an error while filling the form. I've returned to make the necessary correction, gotten the training contact number as well.
Thanks for your patience. I'll still keep you updated.
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 12:42pm On May 29
nice step
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 8:14pm On Jun 01
wink wink grin
Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 6:47am On Jun 02
africanpea:


Can you please share the number with us?
There's no way I can shafre the number because it differ on each centers beside we have different centers across the country.
Just choose one and copy the Num and call
Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 6:52am On Jun 02
Jonwesley:


Hello, please did you pay any registration fees for the training? Somebody told me to prepare with #10, 000 and I was wondering if confirmed by the CBN. And when did you prepare your Business plan?


Yes it is mandatory you pay @10,000 for the after whish you'll another #5,000 online for the soft Biz plan.
I prepared my Biz plan after my training, but you can prepare yours before your training mind you they'll train you on how to write a good Biz plan doing your training

1 Like

Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 6:53am On Jun 02
waleyp:
And have you done your online business plan also

Yes I've done that
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 6:55am On Jun 02
That's good, I pray your loan would be approved soon
Ade4all080:


Yes I've done that
Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 6:58am On Jun 02
SavageResponse:


You did not mention anything about kickback cos this is Nigeria a very corrupt country and I'm very sure at some point during the process someone will ask the loan applicant for kickback of 10% grin

Very good!
The payment will made at the venue of your training (day one)
Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 7:01am On Jun 02
waleyp:
That's good, I pray your loan would be approved soon

Amen ooooo.
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 7:21am On Jun 02
Any one close to final selection
Re: How To Access The N50billion CBN COVID-19 Loan by Jonwesley(m): 10:25am On Jun 02
Ade4all080:



Yes it is mandatory you pay @10,000 for the after whish you'll another #5,000 online for the soft Biz plan.
I prepared my Biz plan after my training, but you can prepare yours before your training mind you they'll train you on how to write a good Biz plan doing your training

Yes, you are correct. I'm done with the training and collected my certificate of training yesterday. I'm currently doing my business plan myself. The business plan writing was integral part of the course as you said. Thanks for the feedback.
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 10:28am On Jun 02
They Would Call You For Interview First Sha, So Are You Into AGRiCULTuRe? Or Which AsPECT
Ade4all080:


Amen ooooo.
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 10:28am On Jun 02
Ade4all080:

Amen ooooo.
Re: How To Access The N50billion CBN COVID-19 Loan by waleyp(m): 10:29am On Jun 02
Ade4all080:

Amen oooo.
Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 10:35pm On Jun 03
waleyp:
They Would Call You For Interview First Sha, So Are You Into AGRiCULTuRe? Or Which AsPECT

Agro Processing...

1 Like 1 Share

Re: How To Access The N50billion CBN COVID-19 Loan by Ade4all080(m): 10:37pm On Jun 03
Jonwesley:


Yes, you are correct. I'm done with the training and collected my certificate of training yesterday. I'm currently doing my business plan myself. The business plan writing was integral part of the course as you said. Thanks for the feedback.

All the best bro

1 Like

Re: How To Access The N50billion CBN COVID-19 Loan by ovieohene: 3:35am On Jun 04
How much is the household loan
that u have received.
Re: How To Access The N50billion CBN COVID-19 Loan by ndyfaby: 7:17am On Jun 04
....
Re: How To Access The N50billion CBN COVID-19 Loan by SavageResponse(m): 4:41am On Jun 06
Ade4all080:


Very good!
The payment will made at the venue of your training (day one)

So the person is expected to pay them the bribe before he even gets the loan ?! cool

1 Like

Re: How To Access The N50billion CBN COVID-19 Loan by Daresilva(m): 1:32pm On Jun 06
Please how is the interest calculated over a period of 2 years?


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 airminem(f): 8:22am On Jun 09
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 airminem(f): 8:33am On Jun 09


Stop dishing wrong information. I applied for the SME loan and I only paid 10k for deposit to open a corporate account with them to which the loan was disbursed.

You do not need business plan also
Wow. Interesting
Re: How To Access The N50billion CBN COVID-19 Loan by RhemaDavids(f): 10:24am On Jun 09
Dear Applicant,

Your COVID-19 Loan application is approved. Kindly Click on the link https://covid19.nmfb.com.ng to accept your offer and receive your funds in your account.

Thank you
I received this message this morning, but when I opened the link to validate my bvn I was told I was not qualified for the loan, what do I do should I go their office?

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