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What to Do if You Applied For CBN Covid-19 Loan But Didn’t Get It

If you are one of the applicants of Nirsal Microfinance Bank (NMFB) CBN Covid-19 Loan last year (2020), and end up not being selected to benefit from the loan scheme, there is an excellent news that you will like to hear in regards to the loan.

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First, the reason most applicants weren’t selected, nor paid the stipulated amount is due to the following;

  • Not having an upgraded account that can receive such high amount of money.
  • Having a different account name from the one used during the registration. Such mismatch of name can result to not being selected to benefit from the loan scheme.
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According to NMFB, those who applied last year and end up not benefiting should endeavor to re-apply this year, as the registration is free of charge.

It is therefore necessary for such applicant to be mindful during the 2021 registration process which is ongoing, in order not to make same mistake they did during the 2020 registration.

How to Apply for the 2021 NMFB CBN Covid19 Loan

The 2021 registration is currently ongoing. Hence, the application is made opened to interested persons. You can get the registration guidelines via

After which you can read about the various category you can apply for, and how to go about it by following our previous post on that.

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It should be put to mind that the NMFB CBN covid19 loan scheme is a special assisting package that is being introduced by the central bank of Nigeria (CBN), to support households, Micro, Small, and Medium enterprises (MSMEs) who are seriously or partly affected by the pandemic (Covid19).

If you have any question on how to go about the registration, don’t hesitate to make use of the comment box, as we are readily available to come to your aid.

You can share this information with friends and family, as it might be of help to them.

Source: Nyscinfo

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    November 24, 2021 at 5:44 pm


  2. Egbodo Paul Wise

    April 5, 2021 at 9:28 am

    Am still waiting for the confirmation link and the email validation, is that will take another year?

  3. Ahmed

    April 2, 2021 at 3:10 am

    I have applied long ago up to no any responce

  4. Abbas magaji

    April 2, 2021 at 12:28 am

    My bvn is not exit way

  5. Muhammed Abubakar usman

    March 31, 2021 at 12:55 pm

    I have been approved but the money is not yet enter my account and my bvn is this 22442111674

  6. Egbodo Paul Wise

    March 31, 2021 at 7:36 am

    I am One of those whom you sent sms via my phone number: 08130878692 to validate my BVN after which it shows successful that a confirmation link has been sent to my email. Uptill date I have not received any confirmation link, how many years will it take to get the confirmation link in my email, and email to be verified

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