Did you apply for the Central Bank of Nigeria, CBN COVID-19 Targeted Credit Facility (TCF) Loan for households and SME’s in 2020 and yet to receive your payment?

The disbursing Bank, NIRSAL Microfinance Bank (NMFB) has created an online Targeted Credit Facility (TCF) COVID19 Beneficiary Information Management System(BIMS) portal where applicants can check if they are a beneficiary or not.

The bank has also been sending SMS to applicants who have been selected to benefit from the loan, but yet to redeem; “Dear Applicant
You are yet to accept your Covid-19 TCF. Please do so before close of business 15/02/21 otherwise the funds will be recalled. Thank you”

READ: Detailed List of CBN Loans and Fund Interventions For SME Businesses and Agriculture – Plus Application Guidelines

The CBN had introduced the N50 billion Targeted Credit Facility as a stimulus package to support households and micro, small and medium enterprises that are affected by the coronavirus pandemic.
The disbursing Bank received applications from Nigerians for three months (April – June 2020)