In response to the challenging impact of COVID-19 on businesses and individuals in Nigeria, Nirsal Microfinance Bank (NMFB), in collaboration with the Central Bank of Nigeria, has taken significant steps to support struggling families, individuals, and small businesses.
By reopening the Targeted Credit Facility for COVID-19 loans, they aim to alleviate the adverse effects of the pandemic and foster economic recovery.
The facility offers individuals and businesses the opportunity to access up to N25 million, as per the official statement released by the Central Bank of Nigeria. The COVID-19 outbreak has resulted in unprecedented disruptions to global supply chains, sharp declines in crude oil prices, financial market turmoil, and widespread cancellations of sporting and entertainment events. Furthermore, numerous countries implemented lockdown measures, restricting movements and travel across the world.
Given these circumstances, households’ livelihoods and business activities have been severely impacted, with global demand decreasing, consumer confidence declining, and production slowing down. In response, the Central Bank of Nigeria (CBN) has introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package. This initiative aims to offer support to households and Micro, Small, and Medium Enterprises (MSMEs) adversely affected by the COVID-19 pandemic.
For those seeking financial aid to overcome the challenges posed by COVID-19, applying for a COVID-19 NMFB loan is just a click away. By visiting COVID19.nmfb.com.ng, you can provide your details and access the assistance you need to bounce back from the pandemic’s impact.
Embrace this opportunity and secure the financial support necessary to rebuild your life and business. Let COVID19.nmfb.com.ng be your stepping stone to a brighter and more resilient future. Apply now and unlock up to N25 million in loans to accelerate your recovery efforts.
