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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday - Business (142) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday (656747 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 Shampoo77: 9:27pm On Nov 18, 2020
hardeyeanc:
Please my people are they calling beneficiary from NIRSAL before disbursement of fund? Because a friend of mine recieved a call from someone claiming he is from NIRSAL kaduna, to just asked for some basic info.


Yes, in most cases if the beneficiary applied under SME and not household.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by promisedwealth(m): 9:52pm On Nov 18, 2020
Kabiyesi12:
k


Congratulations, SME or Household?
Yes approvals was sent today I saw a friend approved for 250k this evening
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by AsiwajuEenny(m): 9:55pm On Nov 18, 2020
10th of November, you dey complain. Me i have given them account number since 28th of October
GOCEO:

Boss even me I accepted on 10th of this month uptill now no disbursement I dnt know the reason we are facing diz problem but shaa let's be hopeful n post wen u receive plz
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by sirleke(m): 9:56pm On Nov 18, 2020
AsiwajuEenny:
10th of November, you dey complain. Me i have given them account number since 28th of October
asiwajuEenny,pls sorry to digress from d purpose of this thread...

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I need to win pls.
I beg everyone here that I blv r with good hearts to pls help a brother...open n vote *sirleke..


https://www.nairaland.com/6242597/mr-t-milex-carquest-rad-auto/3#6242597.103
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by benitochakone(m): 10:07pm On Nov 18, 2020
AsiwajuEenny:
10th of November, you dey complain. Me i have given them account number since 28th of October

Me dat gave acct no ince 16th of October.. No show till nw...
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by GOCEO: 10:09pm On Nov 18, 2020
AsiwajuEenny:
10th of November, you dey complain. Me i have given them account number since 28th of October
Lol wahala dey let's be waiting with hope den
but someone told me dat as far u av been approved no matter the tym period we will still be paid. But I dnt know how it will take or maybe dem done remove us from the loan matter.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Becklynn(f): 10:52pm On Nov 18, 2020
Loan approved, I applied on the 15th June. No approval SMS I just used the link.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by essay007(m): 11:29pm On Nov 18, 2020
Fibonacci88:
Am from akwa ibom and got approval.. June applicant
Oh that's great to hear. At least it gives the rest of us ground to be hopeful. Cheers for your reply!!
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by essay007(m): 11:31pm On Nov 18, 2020
Becklynn:
Loan approved, I applied on the 15th June. No approval SMS I just used the link.
Congrats to you o. Even if I don't get, lemme be happy for others.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Emasting: 12:12am On Nov 19, 2020
I just checked for one of the peopleI applied for around June 20 under the Macro category, only to discover that she has been approved already of 200k, her money was slashed from 1.500k to 200k, bank details filled already, at least she has been approved of an amount, at least that is something.... Now she's waiting to be credited... So I hereby use this medium to encourage everyone at there yet to be approved to keep checking every day and keep the hope alive. I Pray Yours too will be Approved
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by omgtzsammie(m): 3:46am On Nov 19, 2020
I just checked mine dis morning and I have been approved of 233000.. I don accept and put my acct number sharp sharp am hoping to be credited soon.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Osaro4u2k(m): 6:42am On Nov 19, 2020
I just checked my loan application status just now and I got approved of 213,497, awaiting my alert. I almost lost hope. Under PMB things are getting to the common masses...

2 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by pessotto(m): 8:08am On Nov 19, 2020
Osaro4u2k:
I just checked my loan application status just now and I got approved of 213,497, awaiting my alert. I almost lost hope. Under PMB things are getting to the common masses...

Congrats. On what date did you apply?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by essay007(m): 8:09am On Nov 19, 2020
Osaro4u2k:
I just checked my loan application status just now and I got approved of 213,497, awaiting my alert. I almost lost hope. Under PMB things are getting to the common masses...
Chai! How's everyone getting approval but me and my neighbours "bvn details doesn't exist" still showing. So frustrating..

Congrats!!

2 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ojeshola: 8:56am On Nov 19, 2020
essay007:

Chai! How's everyone getting approval but me and my neighbours "bvn details doesn't exist" still showing. So frustrating..

Congrats!!

very frustrating bro...but I'm sure we would get ours at the appointed time
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Osaro4u2k(m): 9:41am On Nov 19, 2020
pessotto:


Congrats. On what date did you apply?
The very last week of the loan application in June.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by tknyskny(m): 10:02am On Nov 19, 2020
pls someone should drop the website to check my bvn if d loan as been approved...cos no approval text yet o
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ojeshola: 10:09am On Nov 19, 2020
tknyskny:
pls someone should drop the website to check my bvn if d loan as been approved...cos no approval text yet o

covid19.nmfb.com.ng good luck
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by tknyskny(m): 10:10am On Nov 19, 2020
ojeshola:

covid19.nmfb.com.ng good luck
thank you
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Fetula4u: 10:31am On Nov 19, 2020
Osaro4u2k:
I just checked my loan application status just now and I got approved of 213,497, awaiting my alert. I almost lost hope. Under PMB things are getting to the common masses...
congrats
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by promisedwealth(m): 11:09am On Nov 19, 2020
seems the amount approved it's dropping as Day Goes by, All the same i pray it should get to every one of us.

2 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by kaiceecool: 12:07pm On Nov 19, 2020
I just received an alert now that my Covid-19 Loan Application has been approved. I was asked to click a libk and accept the offer. I clicked the link and was asked to fill in my BVN to accept the offer and recieve the fund into my account.

Good Morning guys

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Benqozenero(m): 12:19pm On Nov 19, 2020
kaiceecool:
I just received an alert now that my Covid-19 Loan Application has been approved. I was asked to click a libk and accept the offer. I clicked the link and was asked to fill in my BVN to accept the offer and recieve the fund into my account.

Good Morning guys

Same with me now. But we I put in my BVN , it's still showing "BVN doesn't exist"

what do I do?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Prince202020(m): 1:01pm On Nov 19, 2020
Benqozenero:


Same with me now. But we I put in my BVN , it's still showing "BVN doesn't exist"

what do I do?


Click the link again from the SMS, and select different category (household) and see

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by mashad(m): 1:03pm On Nov 19, 2020
kaiceecool:
I just received an alert now that my Covid-19 Loan Application has been approved. I was asked to click a libk and accept the offer. I clicked the link and was asked to fill in my BVN to accept the offer and recieve the fund into my account.

Good Morning guys



Same here....just forwarded my account number and bank. Mine is household SME 200k...pls can you help shed more light on the repayment plan because all the offer letter 5% bla bla don't seems clear to

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Prince202020(m): 1:07pm On Nov 19, 2020
Good day brethren, please I received the approval message and mine is household loan, inserted my BVN it went through I accepted the the offer (#244,000) they ask for account details I gave them my access bank acc. details.

Please any other step to take and receive this loan.
Thank You.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Benqozenero(m): 1:09pm On Nov 19, 2020
Prince202020:



Click the link again from the SMS, and select different category (household) and see

done that. still the same thing.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by kaiceecool: 1:13pm On Nov 19, 2020
promisedwealth:
seems the amount approved it's dropping as Day Goes by, All the same i pray it should get to every one of us.

Very correct. I just entered my BVN and saw 200k approval. At all at all na winch. 5% interest. That's 10k interest. This is good. At least I go buy brand new generator for my business. This is the only thing I benefitted from Buhari government. I hope everyone expecting will recieved theirs.

4 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by onyi4classic(f): 1:28pm On Nov 19, 2020
kaiceecool:


Very correct. I just entered my BVN and saw 200k approval. At all at all na winch. 5% interest. That's 10k interest. This is good. At least I go buy brand new generator for my business. This is the only thing I benefitted from Buhari government. I hope everyone expecting will recieved theirs.

Please dear help me explain that 5% interest... Is it to be paid monthly or after the payment
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by promisedwealth(m): 1:51pm On Nov 19, 2020
onyi4classic:


Please dear help me explain that 5% interest... Is it to be paid monthly or after the payment
The interest will be deducted before the money it's disbursed, you are to pay the exact amount sent to your Account, Hope this helps
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by essay007(m): 2:57pm On Nov 19, 2020
promisedwealth:
The interest will be deducted before the money it's disbursed, you are to pay the exact amount sent to your Account, Hope this helps
That's not correct at all. Loans don't work that way and I think y'all need to understand repayment before y'all get in trouble.
I think NIRSAL on their part should have attached repayment amount and schedule on the offer letterr for clarity sake so folks don't get confused.

Usually when you get a loan, you start with equity, and then on disbursement, you're charged a certain percentage for cost of service (COS), Loan Application Fee (LAP) and Management fee.
I think this is what NIRSAL is deducting when you get your approval that your loan is approved for so so so amount. e.g those who got 500k are paid I think 475k? (can't recall the exact amount cos I haven't gotten mine) so the offset of 25k is what they deduct for cost of service as explained above (at least that's what I think they're doing). They should have indicated this so pple know exactly what they're getting and paying bck.
So guys Pls calculate ur repayment amount well o before u get in trouble.

P.S: I was a credit officer but lost my job due to covid.

5 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by pyc0d3r: 3:06pm On Nov 19, 2020
Hello I Received the Message of my NMFB Loan has been approved but when I inserted my BVN its keep showing "Sorry, You have previously submitted this information" which i don't submited anything Please help me

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