The management of NIRSAL Microfinance Bank has called for the repayment of the Central Bank of Nigeria’s (CBN) Targeted Credit Facility (TCF) COVID-19 loans obtained by several entrepreneurs across the nation.
This was disclosed by the financial institution on Monday via its Twitter handle.
According to NIRSAL, it has done its own part and it is time for the business owners, who took the loans, to do theirs.
What NIRSAL is saying about repayment
It stated, “NMFB loan repayment: We have played our part, it is your turn now to pay back the loan.”
Now it’s your turn, we have played our part. #nmfbcares #debtrecovery #cbn pic.twitter.com/uf4I9CyZnR
— Nirsal Microfinance Bank (@NirsalMFB) February 7, 2022
What you should know about the loan
As part of the stimulus package announced by the Central Bank of Nigeria (CBN) to help mitigate the impact of the coronavirus pandemic on the economy and businesses, the apex bank introduced an N50 billion Targeted Credit Facility (TCF) in March 2020, to support households and micro, small and medium enterprises (MSMEs) that have been affected by the pandemic.
The facility from CBN, which is to be disbursed through the NIRSAL Microfinance Bank Ltd (NMBL), had recorded about 80,000 applications as at April.
Yes is real
How about the agents that took almost half of the money paid. Are they going to pay the commission they collected from the customer?
God bless you for this question.
In Osun State they don’t gave us this loan and we obtain it’s form with #30,000. Since ayear ago. We don’t see water we don’t see blood.
Please help us ooo.
Hello sir I use to applying for this load to have a busses that I can do, till now I didn’t receive, I trust that anything that God say it will happen
I need a money to business
I need money to business. What I want.
Please Sir I’m a farmer I want to get in Chris my farm