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CBN has decided to grant a noninterest window to households and businesses affected negatively by Covid-19. NIRSAL Microfinance Bank’s portal for eligible applicants is now online.

Who is eligible to apply for

MSME’s employing 1-5 employees and able to provide evidence that business activities were adversely affected by the pandemic.

Hospitality businesses, pharmaceuticals and medical supplies, airline service providers, manufacturing/value added, and any other income-generating activities as prescribed by CBN. These activities are Shari’ah complaint.

MSME’s have a maximum financing limit N2,500,000 AGSMEIS N10,000,000.00While Household is N1,000,000.