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( 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

.

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( 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

still on the same website. all are done through the microfinance website

waleyp:
hello do you have any idea about the agsmeis too?

Pls where can I go for the training

once u have applied online, u will be call upon. Just be checking ur email

Tinamama:
Pls where can I go for the training

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.

Ok

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

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

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

and mind you it will be good for you to apply in the state you you base or where your business is operating.

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.

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Lol

ndyfaby:
Waleyp u really have deep knowledge about it. Thanks Waleyp

well done

how legit is this

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Countries are giving out grants, my dear Nigeria is giving out loans while almost N14b will be used to feed mostly ghost kids monthly.

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.

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

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.

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.