covid-19 targeted credit facility household beneficiaries list|FG Nigeria
Did you apply for the Federal Government of Nigeria covid-19 loan application portal 2021? Here is how to check your name on the list of shortlisted candidate and beneficiaries list right away.
Recall that the loan are meant for Individuals and businesses heavily affected by the COVID-19 pandemic and about a sum of 50 billion naira has been arranged to be disbursed to beneficiaries through out the programme.
The federal Government says the covid-19 targeted credit facility household will continue for a period of 3 years. Beneficiaries will continue to receive these funds in trenches ( between 1million naira to 3 million naira)
Those who applied for the MSMEs loan are going to get up to 25 million naira and or 3 million naira least.
How to check the covid-19 targeted credit facility household beneficiaries list
After applying for the covid-19 targeted credit facility household there is every need to check your status to ascertain if you have been shortlisted or among the beneficiaries list.
All this could be possible if you already have a profile account with them or on the portal. Having account means that you must have successfully applied for the programme before or when the online registration was open.
Secondly note that only eligible Nigerians who possess all the requirements and are considered eligible are going to receive this loan or see their names on the beneficiaries list.
Now let’s show you how to check covid-19 targeted credit facility household beneficiaries list
It’s important you have access to the email address used to sign up for the programme. So just go through the email to see if you ever received a mail from covid-19 targeted credit facility household.
We are sure that those applicants that got their loan application granted are going to receive a congratulatory message.
Now if you have waited for long and no mail has been received to that effect, it means that you have not been granted or approved yet. But to be very sure its best you go through the Covid-19 loan portal via
click here or visit https://agsmeisapp.nmfb.com.ng/
Are you aware of the category of loan you had applied for? Recall that there are just two categories: SME or Individual/Households.
As you login, you need to enter your BVN in the space provided on the above portal.
If your loan application has been reviewed and approved then you should see it displaying and the amount you should get .
Next, ensure that your banking details are updated on the portal, your names and other contact details are correct.
You still need to go through the terms and conditions of the loan, understand every aspect of the loan so you don’t default in repayment of the loan when the time comes for repayment.
Terms and Conditions
If you have any Flexible and movable collateral, you can still use it to apply but such will be registered under the the Collateral Registry Bureau.
There is an agreement that will be sign by the customer called Forfeiture Undertaking and Power of Attorney agreement. This agreement gives NMFB rights to take over your assets used as Collateral if you default in repayment of the loan.
There is a repayment plan, and you are expected to stick with the amount to be repaid on the agreed period.
Insurance cover on the asset financed or asset availed as flexible collateral, with the NMFB noted as the first loss payee.
All proceeds from the loan are to kept with NIRSAL Microfinance Bank, which means you are to bank with them.
As a business person, its expected you have a verifiable supplier who can identify him or herself and in some case stand for who. Your relationship with this person should have been existing for a long period of time,at least 6 months.