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How to Apply For Covid 19 Loan, covid,


Covid, Federal Government of Nigeria support loan given by the Central Bank of Nigeria as a support to the affected Citizens of Nigeria in the global pandemic of Corona Virus.

The Central Bank of Nigeria in partnership with the NIRSAL Microfinance Bank (NIRSAL) approved the loan and send it to individuals, households, small and medium scale businesses, and enterprise businesses.



NIRSAL Microfinance Bank – MFB is a leading Nigerian financial institution licensed by the Central Bank of Nigeria (CBN) in Nigeria. The Company was incorporated as a Private Limited Company in 2023 and commenced operations following the grant of a license by the Central Bank of Nigeria to operate as a National Microfinance Bank in the same year.

With NIRSAL MFB, you can access the following;

  1. Access up-to N25 Million Targeted Credit Facility for Covid-19,
  2. Access loans for your small Businesses for as low as 9%
  3. Access the CBN’s Anchor Borrowers Program
  4. Get Funds to grow your Businesses

What is Covid-19 Loan Support?

covid, the Central Bank of Nigeria (CBN)  introduces a stimulus package to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

In this respect, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF) as a stimulus package to support households and Micro, Small, and Medium Enterprises (MSMEs) affected by the COVID-19 pandemic.

Who is Eligible?

The Covid-19 support loan is divided into three (3) categories; Household, SME, and Enterprise.


This includes Households with verifiable evidence of livelihood adversely impacted by COVID-19.

Click here to download the requirements

Small-Medium-Enterprise (SME): SMEs

Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic.
Click Here to Download Requirement for SME


Existing enterprises with verifiable evidence of business activities were adversely affected as a result of the COVID-19 pandemic.

Click here to download the requirement for Microenterprises.

How to Apply for The COVID-19 Loan Support

There are three steps to apply for the Covid-19 support loan.

Step 1: Apply for Loan

Begin by submitting an application online using mobile devices or desktop computers/laptops and or tablets.

You can also submit applications directly to NIRSAL Microfinance Bank (NMFB) with clear evidence of the opportunity or adverse impact as a result of the COVID-19 pandemic

Step 2: Getting Approval:

NIRSAL MFB gets your application reviewed and forwards the application to the CBN for final approval.

Step 3: Disbursement

After a successful review of your application by the Nirsal Team, CBN reviews applications and gives final approval for disbursement to NMFB Covid 19 Loan.

How to Check If Your Application is Successful

CBN has approved applications for disbursement of the COVID-19 support loan for successful applicants in their various categories.

We have assumed that if you met all requirements in the applications, your name is shortlisted.

You can check the list here, please follow the steps below;

  • Click on Checklist here
  • Enter your BVN in the space provided.
  • Click on the check.
  • Congratulations

What if your name is listed and you don’t have the NIRSAL MFB account number to receive the loan?

It’s simple, you can change following the same steps above.

Covid, We guide everyone having an interest in the support loan to collect the loan by following all rules.

Ask us any questions anywhere you have difficulty and our support team will put you through.

Congratulations in advance.

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