Business & Loans
COVID-19 Non-Interest Loan Not For Only Muslims – NMFB Clarifies
COVID-19 Non-Interest Loan Not For Only Muslims – NMFB Clarifies
The Nirsal Microfinance Bank has come out to clarify that the ongoing COVID-19 Non-Interest Loan for Nigerian affected by the COVID-19 Pandemic is not a religious affair.
This was disclosed in a public announcement on their Instagram account, where the management of the bank noted that the Scheme is for all Nigerians regardless of religious inclination.
You may also want to read Nirsal Microfinance Bank Non-Interest Banking Window – All You Need To Know
NMFB however noted that an applicant of the Scheme must be adversely affected by the COVID-19 Pandemic, must be aged 18 years and above, must possess a Bank Verification number, and must have been running their own businesses.
They also went further to clarify the public difference between the Scheme and COVID-19 Targetted Credit Facility Loan Scheme, NMFB Stated that the Non-Interest Banking Window for TCF and AGSMEIS focuses on assets Financing.
“The COVID-19 Targeted Credit Facility and AGSMEIS are loans that are repayable while the Non-Interest Banking Window recognizes only the sharing of profits from the investment with the beneficiary”, NMFB stated.
NMFB added that existing beneficiaries of the COVID-19 Targeted Credit Facility and AGSMEIS Loan Scheme are ineligible to apply for the Non-Interest Banking Window for TCF and AGSMEIS.
You may also want to read NIRSAL Microfinance Bank Non-Interest Banking Portal Goes Live
Explaining the Scheme further, the Nirsal Microfinance Bank stated that the Non-Interest Banking Window for TCF and AGSMEIS has a 3 years Tenure and 6 months Moratorium.
To apply for the Programme, interested and qualified applicants should kindly visit www.nmfb.com.ng
COVID-19 Non-Interest Loan Not For Only Muslims – NMFB Clarifies
-
Tips2 years ago
Shiloh 2022 Programme Schedule – Theme, Date And Time For Winners Shiloh 2022
-
Business & Loans2 years ago
Dollar To Naira Today Black Market Rate 1st December 2022
-
Business & Loans2 years ago
SASSA Reveals Grant Payment Dates For December 2022
-
Jobs & Scholarship2 years ago
Latest Update On 2023 NPC Ad hoc Staff Recruitment Screening
-
Tips2 years ago
Happy New Month Messages and Wishes For December 2022
-
Tips4 years ago
Best Android VPN Apps in 2020 (Full List)
-
Business & Loans2 years ago
Npower Latest News On August Stipend For Today Friday 2nd December 2022
-
Business & Loans2 years ago
Dollar To Naira Today Black Market Rate 2nd December 2022
You must be logged in to post a comment Login