₦airaland Forum

Godiswise:
To boost your repayment confidence level, your business should be already running or tested that there is no doubt it will service the loan after the given moratorium period.

Please never use a loan to do try and error. Use your personal contribution to do that.

If you are a new business and very confident that the business will bring in the planned revenue, go for it but beware of spendings that has no documentation or records filed for future purposes.

You shouldn’t be thinking of defaulting as it slaps hard when your creditors really want to pursue it legally. They will sap the life at of you and you can be prosecuted too. Besides you will be lowering the chances of the next person that suppose to benefit from the loan after you have might serviced yours.

The repayment will be agreed upon depending on your business. It can be on weekly, monthly or quarterly repayment.

Never start a non-tested business with a loan, please never. If the business fails, it won’t be able to service the loan amount.

He is asking of Federal Government intervention fund, specifically for Covid 19 loan for youth interventions programme which has different policy from General loan. You are given him General loan information.

@OP, what's the terms of repayment . Repayment period and interest rate? And amount given, I heard about it but I'm scared of applying some people thought the money is free, read the policy properly before applying because you must repay back even if is coming from federal government of Nigeria

Viking007:
There is currently a 50,000 payment ongoing. We're getting alot of inbounds from customers calling to confirm if it is real. Transaction description reads: SMEDAN.

Una no dey aware at all? They're mostly from the
Osun, kwara and some northern states.

SMEDAN is differences programme from survival fund

trevolady:
OK thanks bro,that means CAC awaiting payment for this 2nd batch of payroll can't be used?

Not advisable to aviod missing out in all. I took the risk because I have recieved complete payments on the said CAC luckily it went through

trevolady:
Hello bro,did you use the same CAC you used for payroll for this grant?

Yes the CAC was used last year payrol and receive complete payment now registered with different account details

Tobioba1:
Have you now submitted.

Yes I use another person's personal account and it's on CAPTURED waiting to be verified.

Mightyodi:
Please what does CAC key-already-exist when you intend to add organization after verification of your cac

CAC number already used

OjogbonSkilash:
Is the registration 50k one time grant package opened already?

Yes

aumeehn:
yea you are right. I think the 1000 quota has been reached. Have you finished your registration??

Is not the issue of reaching the quota. How did you know they have reach their qouta?

aumeehn:
select the Grant option not Off take grant. That one is simple.

He has to start al over again because the selection start from the beginning of the registration and since his CAC is verified already on take off grant .

ayyash38:
Pls Can I Know Who Used.My CAC Because I.Registered It in add Organization. they Showed me that. the CAC Key Exist Which Indicate.That There's. Someone. who.Used with It pls is There.any way That I could Know.who.Used.It?

It should be as the result of the errors we encountered during the first application where we only add the CAC number and the later the platform generate the CAC name after verifying it some people experince seeing a different name against their CAC number on their portal which some complaint, in this case your CAC might full victims of that. Nobody will purposeful use your CAC for the application

kenlolly75:
With the same CAC?

Yes

Amen01:
As a payroll beneficiary in the first batch, it accepted the CAC, turned out verified. But it's not accepting the same BVN used; it's saying "account already exists", despite using a separate account from the one I used earlier. I think the way out is to use an entirely new BVN

Exactly. I will use a different account and BVN that haven't use on the platform

kenlolly75:
were you able to add your organization and Account details? Mine was Verified too, but I couldn't submit my organization details because of the CAC key already exist response.

Try it and see.

Also, I wasn't the one that even use the CAC.

Submitted organizations detail successful, I'm at the page of add business account details which I'm considering using a different account but will complete that tomorrow

kenlolly75:
It will tell you CAC key already exist.

Already verified for MSME Grant application I was thinking same before I give it a try and it went through

Nkemella:
Please can someone who have registered for pay roll support register for this MSME GRANT?

Have you being paid or you just registered ?
Well I use one of my CAC I use for payroll on Grant and it was verified but have received my complete 3 alert on that application, meanwhile about to add my business account, you can try yours

Realsufi:
Please what is the difference between the two

The different is that GUARANTEE TAKE OFF is for industry on productions that required NAFDAC while the MSME GRANT is for any business that's is not into productions but both receive same 50k one time amount. In this case no adding of employee like PAYROLL SUPORT scheme

missdivineprove:
hehehehe. Hope you have NAFDAC reg. details?

This is not guarantee take-off there are two scheme open one for GRANT and the other is GUARANTEE TAKE-OFF.
Guarantee take off required NAFDAC but MSME GRANT does not required that.

I tried using the same CAC use for payroll support for the MSME Grant and it went through (Verified) now I'm at the stage of adding business bank details I'm scare of using my business account and the BVN I used before as it might show mismatched and no option for editing which might affect the payment.
Has anyone try same ?

SerAce:
My friend's own is still INCORRECT for account status and NO-CHECK for BVN status.

Please, did you do anything before yours changed to verify?

My case is incomplete not incorrect

Surprised to check my portal the company account that was displayed Incomplete and BVN no-check has turn to VERIFIED with a full bar. If you notice that type of error before check now it has verified

Another tricks could be that they actually paid the woman with real money and she entered one chance vehicle and they exchange the money with paper without her notice. It happens to someone who went to the bank and withdraw 300k into 500 hundred bundles and it was wrapped inside Lyon bag and she put it inside her hand bag when she entered inside a taxi going home she didn't notice that a guy open her hand bag exchange the money to a wrapped paper like they way they wrapped the money . When she got home open her bag to discover the paper instead of money she withdrawn from bank, she rushed back to the bank claiming that bank paid her paper not money.

Kogity:
Morning house.
Will the survival fund payment be done for 1 or 3 months?
If for 3 months, how will the spreed be?

Nobody here is survival fund staff. The programme details were written on their website, go through it.
Meanwhile the programme is for 3 months programme payroll and the money will be paid 3 times 30k or 50k each for 3 months but some people recieved once or twice while some receive complete 3 times. I believe some people who didn't receive complet 3 months is either their state have reach their quota or they will be paid together with the new batches

favoryourl:
They shld nt have verified the applicant since they are aware they won't pay him/her.
Iam facing similar situation in Kaduna the person I helped register his company is now claiming I diverted his money to my account. His reasons were simply I was paid why not him too. I tried to explain but he won't listen.

Not your fault some employer weren't paid while employee were paid. Tell the person to visit survival fund social media and read other people's comment to believe in what you told him, there are lots of people with similar situation and they are lamenting on their page

Hassanjj:
It was only the company account that got verified, the Bvn wrote mismatched.
So no money for us! Wasted efforts.

Not wasted effort employees will get paid but employer might not get paid

Hassanjj:
Must the progress bar gets full before one can be guaranteed of payment? Becos everything is verified in my case but the progress bar still remains the same

Something is not verified then.... is your company bank and BVN verified? This will make the bar full if both are verified.
Meanwhile, full bar or not doesn't guarantee payment. Some people who got complete full bar and all verified didn't get paid because their state meet their quota.

helsinkiman:
Pls who gets paid? Business owner or employees? And how much is paid?

Both get paid
Employer 50k employees 30k while some get 50k
Employer get paid with business account details you provided as employer

Jegiosowor:
Omo is it only one person that has received call here?
Was expecting to see others too, abi because it's weekend?
How them go call person within 1 week of registration still dey baffle me sha.

The person aren't sure if the call is from survival fund he is being suspicious about the programme and since network interrupted he assume its from survival fund....... even on social media no one have indicated receiving call from them ... we know the number they useand mostly female put the calls but in his case he said is a guy.

yhermmie:
I was called this morning and while the guy on the other hand was still introducing himself, there was network glitch and the call dropped. I tried calling back and it was saying the number doesn't exist. Hoping they call back sha

Did the person said she's call from survival fund?
Did you just participated on just concluded application?
Did the phone number start with . 07001000...... ?

mankind9:
Note: When the bank verification is showing incorrect, that means the bank given is not linked with the BVN submitted. If you register a bank details that is not linked with your BVN, it will show Incorrect.

Wrong information. Bank account can be verified while BVN shows incorrect. If account number is correct it will show correct but if there is error in your BVN it will show incorrect in your BVN status. We see many cases like that in the previous application. later BVN status will display for employees

Student has taken over this thread......

Omenyi1:
Guys is there anything I can do? My account bvn is incorrect, is there any way I can reach directly to them to help me edit it. Will it affect everyone else?

Nothing you can do after submissions is done. They don't respond to email or comment on social media platform. If you call their customer service number they will tell same. NOTHING TO BE DONE. It was clearly stated on the portal

samsonadekoya12:
Hello guys all my employees have been verified except one showing incorrect.
Also, the status bar is not full yet, while my BVN is showing mismatch. Should I be worried?

Is the incorrect account fidelity Bank ? Two of my employee with fidelity Bank show a incorrect while is correct I want to know if is perculliar with the bank