Those of you that applied for the CBN stimulus package should have gotten your loan in your account already. At least lots of people that applied near me have gotten theirs. Please let us know if you have gotten yours from Nirsal.
Some of you are still contemplating if you should apply or not, but I’ll advise you should take advantage of it, and apply and we won’t mind sharing some business ideas with you. Whether you have been badly hit by the ongoing covid19 pandemic, the best time to apply for this stimulus package is now.
If your application was successful, you’ll get disbursement in the coming weeks. The CBN had introduced the N50bn Targeted Credit Facility as a stimulus package to support households and Micro, Small, and Medium Enterprises affected by the COVID-19 pandemic.
The N50bn intervention is being financed from the Micro, Small and Medium Enterprises Development Fund.
In terms of limit, the loan amount would be determined based on the activity, cash flow, and industry size of the beneficiary, subject to a maximum of N25m for SMEs.
Households can access a maximum of N3m while working capital would be a maximum of 25 percent of the average of the previous three years’ annual turnover.
If you are yet to apply, you can apply here https://nmfb.com.ng/covid-19-support/ and make sure you complete your applications and submit. See more details about eligibility here.
You can also download the NIRSAL Android app here for easy application
Let us know in the comment if you applied and the money has been disbursed to your account.
Via | YomiProf
I have applied for household loan and they sent me a link to submit my bank statement which I did, till now no alart or update. At time’s I will check and d result is always, sorry ur loan is not yet approved or BVN details Doe’s not exist.Pls wat will I do?
Since you’ve submitted your bank statement, and you are sure your bvn is correct, You’ll be credited. It varies…some waited a month before they got credited, other a week, some 48hrs.
Prof I download their app but its not connecting.
Household link keep taking me to microsoftonline page, trying to log in it keep giving different complaints
Use a smartphone with chrome browser. Don’t use pc… It will open
I applied and got approved for 450k which business idea do you suggest sir, I have not click to accept o.
I’m a website designer
Wow! This is nice. I’ll compile the list and send it accross
Please do, I really need it before clicking the accept button.
Hello Rammy, you can check out these already compiled lists below while I put more together.
20 BUSINESS IDEAS YOU CAN START WITH 100k
https://www.yomiprof.net/2018/04/20-business-ideas-you-can-start-with-100k-or-less.html
7 BUSINESS IDEAS YOU CAN START
https://www.yomiprof.net/2018/10/7-businesses-start-10000-20000-30000-40000.html
POS BUSINESS
https://www.yomiprof.net/2019/03/pos-business-first-money-agent.html
2 BUSINESS IDEAS YOU CAN START RIGHT AWAY
https://www.yomiprof.net/2018/05/2-businesses-you-can-start-with-n5000.html
I’ll advice you accept the offer very fast before they’ll change their mind. 1 year window is enough time to generate profits and make refund.
Hello i applied but did not receive any message, please what does it mean?
they’ll contact you
I applied for 6M and got approved of 1.6M. already disbursed to my account
Prof I download their app but its not connecting.
If there app is not connecting, i’ll suggest you use their direct site from your mobile chrome browser.
Please sir I applied for household loan filled all the details and submitted successfully, but how do I know am approved
You’ll be contacted via your provided contact details. the amount they approve will be sent to you via an offer in which you’ll be asked to accept via an email. Once you accept the offer, the money will be transfered to your bank account
Thanks for this info/update
The link no longer works but I’ve installed the App. Let me check and see how well this works. I’ll drop my review here later.
Try it very very early in the morning
Hello prof,
I applied on the 17th of June and was given 450k loan offer today.
But they didn’t specify which account they would send the money to.
Accept the offer, another message message will be sent accross to you where you’ll validate your bvn and provide your banking details
Hello Prof,
After accepting, I was redirected to a page where I input bank name and account number but when I clicked submit, nothing happened.
I tried the step all over again from the BVN validation and it says BVN already validated.
But yet to receive any payment in the account I setup initially
It happened to me, but I didn’t leave the page after about twenty minutes its Say’s successful. You shouldn’t have exit the page but it has been submitted.
Oh, thanks.
So have you received payment into your account?
Yes I have received.
This is what I received as sms. Your COVID-19 Loan application is approved. Click on the link https://covid19.nmfb.com.ng to accept offer and receive the fund in your account. When I visited the site, my bvn validation is needed. It’s authenticatic?
Visit the link, enter your BVN and validate it.
Error in database connection
YOMI I wanted to get the household loan but its telling me to sign in with a microsoft work or student account . how do i go about it please
Use your smartphone with chrome browser to access the birds loan page. On desktop it will show you microsoft login page