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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday - Business (239) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday (627949 Views)

SCAM ALERT: Theobarth grant disbursement / CBN’s N50bn COVID-19 Fund Disbursement June Applicants / How To Apply For NIRSAL Microfinance Bank CBN N50bn COVID-19 Loan. (2) (3) (4)

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Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 2:24pm On Mar 02, 2021
HakimZiyech:

How many "people" got approvatk yesterday undecided

we have seen someonehere saying he got approved yesterday, that alone has discredited your so called "legit source"
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 2:27pm On Mar 02, 2021
peeps4u:


we have seen someonehere saying he got approved yesterday, that alone has discredited your so called "legit source"
If you're expecting me to take down that post or apologize, then you're gonna wait for a lonnnnngggggg time.

move on.....will you undecided
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 2:37pm On Mar 02, 2021
HakimZiyech:

If you're expecting me to take down that post or apologize, then you're gonna wait for a lonnnnngggggg time.

move on.....will you undecided


Well, nowhere in my post did I ask you to apologise or bring down your post, and I don"t think anyone did also. We only shut down your misinformation.

take care
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Chibudollar: 2:37pm On Mar 02, 2021
Maybe I was mistakenly approved twice, even I don't even think they will payed me twice. I just provided my account details anything that happens it is good.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by KrimanOlivia: 2:59pm On Mar 02, 2021
HakimZiyech:
What if they paid him again....that's 1m shocked

He should pray they don't credit him o

You mean he doesn't know what to do with 1m Naira that he should be scared of getting credited?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 2:59pm On Mar 02, 2021
Chibudollar:
Maybe I was mistakenly approved twice, even I don't even think they will payed me twice. I just provided my account details anything that happens it is good.

As long as you plan to put the money to good use and can repay back incase the govt comes knocking for its money, you have nothing to lose accepting that money. I think your SME loan is as good as already paid to you since it has been disbursed into your nirsal acct. The worst that can happen is for the household loan not to be paid again.

In any way, good luck to you.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 3:07pm On Mar 02, 2021
KrimanOlivia:


You mean he doesn't know what to do with 1m Naira that he should be scared of getting credited?
Money na spirit o...just pray for divine guidance when spending/investing the money.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Floxymana01: 4:42pm On Mar 02, 2021
HakimZiyech:
What if they paid him again....that's 1m shocked

He should pray they don't credit him o


And they can't pay me 280 since November!!!
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by FatherCHRISTMAS(f): 6:09pm On Mar 02, 2021
HakimZiyech:

Money na spirit o...just pray for divine guidance when spending/investing the money.
amen
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Chibudollar: 6:54pm On Mar 02, 2021
Floxymana01:



And they can't pay me 280 since November!!!
Funniest part is the 473500 they paid me about a month ago someone helped me to apply, I didn't even know what it was, I just received the alert about 3 weeks after then started going through what it was. Didn't even know what made me check again today and I saw the offer again. Don't think they are paying me anything this time around.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by t2u234: 8:41pm On Mar 02, 2021
Guys,
My loan is under SME. But when it was approved it was in my name instead of my SME name. Should I insert the bank account of my SME or my personal bank account? Please it's urgent. Help me
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by meetgaya: 9:05pm On Mar 02, 2021
Blaszczykowski:
Will u stop misinforming people here with ur so called "legit information"

People are still receiving Approvals Even yesterday 1st March

even today 2nd March about 3 people I know got approval. only that approvals are slow these days
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by meetgaya: 9:07pm On Mar 02, 2021
HakimZiyech:
You weren't approved yesterday. You accepted the offer yesterday.

you are the one that did the approval for him na Mr NIRSAL
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by BernieLee(m): 9:31pm On Mar 02, 2021
t2u234:
Guys,
My loan is under SME. But when it was approved it was in my name instead of my SME name. Should I insert the bank account of my SME or my personal bank account? Please it's urgent. Help me
Oga use your personal account so long as it is tied to your BVN and can take the amount approved.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 9:31pm On Mar 02, 2021
meetgaya:



you are the one that did the approval for him na Mr NIRSAL

You need to learn how to "look away" instead of opening your mouth waaaaaaahhhhhhh
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by MDDarah84(m): 10:10pm On Mar 02, 2021
So today,my wife account got credited.She accepted the offer 21st November,2020.

As many as those still expecting,be rest assured it will come. Hold on please

To God be the Glory

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Escodeb(m): 6:46am On Mar 03, 2021
MDDarah84:
So today,my wife account got credited.She accepted the offer 21st November,2020.

As many as those still expecting,be rest assured it will come. Hold on please

To God be the Glory


What caused the long delay? Did they open a NMFB account for her? If yes was the loan paid into the account created for her before the final disbursement?

Congratulations
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by SADYBABA(f): 7:15am On Mar 03, 2021
Chibudollar:
Funniest part is the 473500 they paid me about a month ago someone helped me to apply, I didn't even know what it was, I just received the alert about 3 weeks after then started going through what it was. Didn't even know what made me check again today and I saw the offer again. Don't think they are paying me anything this time around.
which month did the person helped you to apply and did you received the first payment without approval?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Chibudollar: 7:24am On Mar 03, 2021
SADYBABA:
which month did the person helped you to apply and did you received the first payment without approval?
I received the first payment last month the person helped me apply around January and exactly 3 weeks later I received the first payment without any approval. I even checked my bvn on their site and it was showing that it does not exist.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by kenlolly75: 8:03am On Mar 03, 2021
Escodeb:


What caused the long delay? Did they open a NMFB account for her? If yes was the loan paid into the account created for her before the final disbursement?

Congratulations
Na wa for you o, see questions!!! how do you expect him to know the reason for the delay?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Escodeb(m): 8:25am On Mar 03, 2021
kenlolly75:
Na wa for you o, see questions!!! how do you expect him to know the reason for the delay?

Seems you just stumbled on this thread. My question wasn't directed to you, Kindly geddifok
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by meetgaya: 1:27pm On Mar 03, 2021
Many applicants of the COVID-19 Targeted Credit Facility Loan who have developed mixed feelings about the Scheme due to one situation or the other are of the opinion that the Programme may have ended without anyone noticing.
In view of the tension such assertion has created among the applicants of the Scheme, we wish to vehemently state that disbursement and approval are on going as the Programme remains very much alive. However, the applicants are encouraged to exercise some patience while they fuel their optimism for a favourable outcome.

Just yesterday, Payment continued and some applicants have confirmed to have recieved alerts of their loan disbursement which was exciting but the most invigorating were the words of encouragement from those that recieved these credit alerts - to others who are waiting for payment.

Many payments have bounced back because of mistakes from the beneficiaries. Some filled in their "Account Names" instead of their "Bank Names" and Account Numbers when accepting their offers. Others had bank accounts that cannot accept up to the amount approved for them which should be upgraded while some Banks outrightly has interswitch issues. If NMFB queries your Bank Account by sending you text message, "kindly provide a new bank account of your own".
Applicants should note that NMFB does not approve or disburse COVID-19 TCF Loan based on the date or Month one applied. While some April and March Applicants raises questions, many June Applicants have actually been paid. Any Applicantion within any month can be chosen randomly and sent for review or payment made regardless of month or date of approval.

Applicants should also understand that Approval follows some processes and done in batches. It is not a sole decision of the Nirsal Microfinance Bank - the NFMB sends application to CBN, CBN reviews and approves, gives order to NMFB to disburse the fund. According to CBN, the loan approval/disbursements is based on the activity, cash flow, and industry size of the beneficiaries.

The worst that can happen to any person is one's Loan being approved without one knowing, and it gets reversed after 1 week of approval. Never let that be your case.

Always form a habit of checking your approval status through the simple method:

1. Open https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household

3. Enter your BVN. Do not worry, the website is the official website of Nirsal Microfinance Bank for the COVID-19 TCF just as https://nyif.nmfb.com.ng is for Nigeria Youth Investment Fund and https://nirsalmfb.caderp.com/Account/Register for AGSMEIS Loan Scheme.

4. A response will be displayed when you enter your BVN.

(A) If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to complete the process and enter bank name and your account number. Avoid mistakes here.
(B) If it says 'Your loan has not been approved, check back later, kindly check back later as they said.

(C) If it however displays "BVN does not exist", do not panic. Just keep checking back from time to time as approval is on going and hope is high.

Patience is the only price one has to pay to get COVID-19 Targetted Credit Facility Loan.

https://www.myinfoclock.com/2021/03/covid-19-targetted-credit-facility-not.html?m=1

5 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by SADYBABA(f): 1:30pm On Mar 03, 2021
Chibudollar:
I received the first payment last month the person helped me apply around January and exactly 3 weeks later I received the first payment without any approval. I even checked my bvn on their site and it was showing that it does not exist.
yes, i agree with you, many people applied for covid-19-support loan in November, December and early January 2021 through the embattled Google form despite the fact that the covid-19-support loan portal closed since June last year, i called it embattled form cos many ignorants here think it's a fraud. Those that applied through the Google form had since received credit alert including you, if you know you know, if you don't know don't call scam.

I have since reapplied through the Google form for myself and many other friends since my initial application is yet to be approved since June last year.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by iykelight: 2:19pm On Mar 03, 2021
Thanks for the information and clarification
You guys are doing great job but still need to improve on your website technicality
meetgaya:
Many applicants of the COVID-19 Targeted Credit Facility Loan who have developed mixed feelings about the Scheme due to one situation or the other are of the opinion that the Programme may have ended without anyone noticing.
In view of the tension such assertion has created among the applicants of the Scheme, we wish to vehemently state that disbursement and approval are on going as the Programme remains very much alive. However, the applicants are encouraged to exercise some patience while they fuel their optimism for a favourable outcome.

Just yesterday, Payment continued and some applicants have confirmed to have recieved alerts of their loan disbursement which was exciting but the most invigorating were the words of encouragement from those that recieved these credit alerts - to others who are waiting for payment.

Many payments have bounced back because of mistakes from the beneficiaries. Some filled in their "Account Names" instead of their "Bank Names" and Account Numbers when accepting their offers. Others had bank accounts that cannot accept up to the amount approved for them which should be upgraded while some Banks outrightly has interswitch issues. If NMFB queries your Bank Account by sending you text message, "kindly provide a new bank account of your own".
Applicants should note that NMFB does not approve or disburse COVID-19 TCF Loan based on the date or Month one applied. While some April and March Applicants raises questions, many June Applicants have actually been paid. Any Applicantion within any month can be chosen randomly and sent for review or payment made regardless of month or date of approval.

Applicants should also understand that Approval follows some processes and done in batches. It is not a sole decision of the Nirsal Microfinance Bank - the NFMB sends application to CBN, CBN reviews and approves, gives order to NMFB to disburse the fund. According to CBN, the loan approval/disbursements is based on the activity, cash flow, and industry size of the beneficiaries.

The worst that can happen to any person is one's Loan being approved without one knowing, and it gets reversed after 1 week of approval. Never let that be your case.

Always form a habit of checking your approval status through the simple method:

1. Open https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household

3. Enter your BVN. Do not worry, the website is the official website of Nirsal Microfinance Bank for the COVID-19 TCF just as https://nyif.nmfb.com.ng is for Nigeria Youth Investment Fund and https://nirsalmfb.caderp.com/Account/Register for AGSMEIS Loan Scheme.

4. A response will be displayed when you enter your BVN.

(A) If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to complete the process and enter bank name and your account number. Avoid mistakes here.
(B) If it says 'Your loan has not been approved, check back later, kindly check back later as they said.

(C) If it however displays "BVN does not exist", do not panic. Just keep checking back from time to time as approval is on going and hope is high.

Patience is the only price one has to pay to get COVID-19 Targetted Credit Facility Loan.

https://www.myinfoclock.com/2021/03/covid-19-targetted-credit-facility-not.html?m=1
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Kabiyesi12(m): 3:01pm On Mar 03, 2021
meetgaya:
Many applicants of the COVID-19 Targeted Credit Facility Loan who have developed mixed feelings about the Scheme due to one situation or the other are of the opinion that the Programme may have ended without anyone noticing.
In view of the tension such assertion has created among the applicants of the Scheme, we wish to vehemently state that disbursement and approval are on going as the Programme remains very much alive. However, the applicants are encouraged to exercise some patience while they fuel their optimism for a favourable outcome.

Just yesterday, Payment continued and some applicants have confirmed to have recieved alerts of their loan disbursement which was exciting but the most invigorating were the words of encouragement from those that recieved these credit alerts - to others who are waiting for payment.

Many payments have bounced back because of mistakes from the beneficiaries. Some filled in their "Account Names" instead of their "Bank Names" and Account Numbers when accepting their offers. Others had bank accounts that cannot accept up to the amount approved for them which should be upgraded while some Banks outrightly has interswitch issues. If NMFB queries your Bank Account by sending you text message, "kindly provide a new bank account of your own".
Applicants should note that NMFB does not approve or disburse COVID-19 TCF Loan based on the date or Month one applied. While some April and March Applicants raises questions, many June Applicants have actually been paid. Any Applicantion within any month can be chosen randomly and sent for review or payment made regardless of month or date of approval.

Applicants should also understand that Approval follows some processes and done in batches. It is not a sole decision of the Nirsal Microfinance Bank - the NFMB sends application to CBN, CBN reviews and approves, gives order to NMFB to disburse the fund. According to CBN, the loan approval/disbursements is based on the activity, cash flow, and industry size of the beneficiaries.

The worst that can happen to any person is one's Loan being approved without one knowing, and it gets reversed after 1 week of approval. Never let that be your case.

Always form a habit of checking your approval status through the simple method:

1. Open https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household

3. Enter your BVN. Do not worry, the website is the official website of Nirsal Microfinance Bank for the COVID-19 TCF just as https://nyif.nmfb.com.ng is for Nigeria Youth Investment Fund and https://nirsalmfb.caderp.com/Account/Register for AGSMEIS Loan Scheme.

4. A response will be displayed when you enter your BVN.

(A) If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to complete the process and enter bank name and your account number. Avoid mistakes here.
(B) If it says 'Your loan has not been approved, check back later, kindly check back later as they said.

(C) If it however displays "BVN does not exist", do not panic. Just keep checking back from time to time as approval is on going and hope is high.

Patience is the only price one has to pay to get COVID-19 Targetted Credit Facility Loan.

https://www.myinfoclock.com/2021/03/covid-19-targetted-credit-facility-not.html?m=1


Great job man!

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by iykelight: 6:59pm On Mar 03, 2021
Please brother I need that link as my mother has issue with hers, please how do I get it?
toask111:


I copied and pasted the message from NIRSAL Twitter page as soon as I got notification from their twitter handle just to inform applicants who might be in need of it.
I believe the Moderator of this section knows I didn't compress the link myself, I ma 100% sure that it's Nairaland bot that compressed the link.

I didn't apply for this Covid-19 loan nor benefitted from it because I didn't hear about the application on time.

It's unfortunate that I can be tagged a scammer for trying to assist with information that might be of help.

All I have to say is that may God forgive you guys. I don't have to swear for you guys tagging me a scammer I can see that curse is already in you.

Peace
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by tonzo(m): 8:22pm On Mar 03, 2021
My cousin just got credited N 378,200
He applied June last year and got approval February 21st this year. He got 400k approval.
Keep the hope alive folks
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by oceanized25(m): 10:39pm On Mar 03, 2021
peeps4u:


As long as you plan to put the money to good use and can repay back incase the govt comes knocking for its money, you have nothing to lose accepting that money. I think your SME loan is as good as already paid to you since it has been disbursed into your nirsal acct. The worst that can happen is for the household loan not to be paid again.

In any way, good luck to you.
"in case the government come knocking for it's money"...there is a probability that they might not?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by uwagboe1: 11:33am On Mar 04, 2021
Pls how did u go about yours?.I got approval,but could not proceed to the next stage of entering my account details.the terms was already rejected on my behalf
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by uwagboe1: 11:36am On Mar 04, 2021
Pls how did you go about yours? I got approval on the 17 of last month,but has been unable to proceed to the next stage becausethe terms has already been rejected on my behalf on the portal.i did not reject anything myself.even some of y friends have same issue
And pls how can I get Nirsal email to reach them with this issue
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by uwagboe1: 12:02pm On Mar 04, 2021
[quote author=peeps4u post=99490210]Apparently, the last update from nirsal that unclaimed loan offers would be recalled might not be that effective afterall because the bank update link ought to have been deactivated for such BVN by now.

Hope they get paid.


[/quote
How far have dey been credited?. I just used d backlink for mine and it was successful

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