Call For Applications: NMFB “Cash Now-Now” Loan Empowerment for Petty Traders and Artisans {Loan Amount Up to ₦300,000}
NIRSAL Microfinance Bank (NMFB) provides accessible financial support to petty traders, kiosk owners, and artisans through its “Cash Now-Now” loan.
This loan is designed to address immediate working capital needs and enable business sustainability.
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Application Process:
Bank lending
1. Online Registration:
- Visit the official NMFB website.
- Create an account and complete the online application form, providing necessary personal and financial information, including Bank Verification Number (BVN) and payslip.
- Select your preferred NMFB branch
2. Evaluation and Approval:
- NMFB will evaluate applications based on their Risk Acceptance Criteria.
- Approved applicants will receive a loan offer.
3. Disbursement:
- Upon acceptance of the loan offer, funds will be disbursed to your NMFB account.
4. Monitoring and Repayment:
- NMFB will monitor loan adherence to terms and conditions.
- Repayment commences 30 days after disbursement.
- Contact Information:
- Email: [email protected]
Key Features:
- Target Beneficiaries: Petty traders, kiosk owners, and artisans.
- Loan Amount: Up to ₦300,000 available.
- Loan Tenure: Repayment period of up to 365 days
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This loan program aims to empower small business owners by providing them with the financial resources they need to thrive.