No fewer than 80,000 loan seekers have applied for the N50 billion Targeted Credit Facility introduced by the Central Bank of Nigeria as a stimulus package to support households and micro, small and medium enterprises affected by the COVID-19 pandemic.
Kure stated that 40,000 of the applicants were households, adding that the microfinance bank was already processing the applications with disbursements billed to commence next week.According to him, the submission of a business plan is no longer a mandatory requirement to benefit from the loan and CBN does not charge application fees.
Also speaking at the press briefing, CBN Director, Corporate Communications, Mr. Isaac Okoroafor, said the apex bank was not charging any extra apart from the maximum nine per cent interest, which encompasses all charges.
When and how were the application made because I did not see any online publication of any invitation to apply. Must these thieves milk us dry before we have sense?
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Despite Evidence, CBN Denies Charging Small Businesses N10,000 For COVID-19 Loan Application | Sahara ReportersSaharaReporters can confirm that NIRSAL Microfinance Bank, administrator of the loan for the CBN, is charging N10,000 for what it described as a 'business plan link' compulsory for all applicants if they want their entries reviewed. cenbank Gtb 0160270630
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