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

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

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.

waleyp:
Ok Good While Fillin The Form Did You Get To The Place Where They Said You Should Pick A Training Centre ?

africanpea:


Yes, and I chose Enugu state.

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

africanpea:


Thanks again

waleyp:
Keep updating me about it

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.

africanpea:


Can you please share the number with us?

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?

waleyp:
And have you done your online business plan also

Ade4all080:


Yes I've done that

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%

waleyp:
That's good, I pray your loan would be approved soon

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

Ade4all080:


Amen ooooo.

Ade4all080:

Amen ooooo.

Ade4all080:

Amen oooo.

waleyp:
They Would Call You For Interview First Sha, So Are You Into AGRiCULTuRe? Or Which AsPECT

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.

Ade4all080:


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

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

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.

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