Are you a petty trader, artisan, or kiosk owner in Nigeria struggling with capital? The NIRSAL Microfinance Bank (NMFB) has launched a fast-access loan initiative known as the “Cash Now-Now” Loan, offering up to ₦300,000 in working capital support.

This initiative is part of NMFB’s financial inclusion strategy to empower small-scale entrepreneurs, provide quick funds for business expansion, and enhance economic resilience for everyday Nigerians.

Whether you sell in a market, own a kiosk, or offer skilled services, this targeted microloan program is designed to help you meet your urgent financial needs and sustain your livelihood.

Who Can Apply for the NMFB “Cash Now-Now” Loan?

This loan program is designed specifically for:

Petty traders (e.g., food vendors, hawkers, stall operators)
Kiosk owners (e.g., recharge card sellers, mini retail shop owners)
Artisans (e.g., tailors, barbers, mechanics, welders, etc.)

There is no requirement for collateral, and successful applicants can access funds quickly after verification and approval.

NMFB Cash Now-Now Loan: Key Features

Loan Amount: Up to ₦300,000
Repayment Period: Up to 12 months (365 days)
Grace Period: First repayment begins 30 days after disbursement
Monitoring: Loan usage will be monitored by NMFB to ensure it aligns with business needs
No upfront fees required

Step-by-Step Guide to Apply for NMFB “Cash Now-Now” Loan

To ensure your application is smooth and successful, follow these steps:

Step 1: Online Registration

Visit the official NMFB website: https://www.nmfb.com.ng
Create an account or log in
Fill out the application form with:
Select your preferred NMFB branch for follow-up

Step 2: Application Evaluation

Step 3: Loan Disbursement

If approved, a loan offer will be issued
Upon acceptance, funds are disbursed directly to your NMFB account

Step 4: Monitoring and Repayment

Frequently Asked Questions (FAQs)

Q1: What’s the maximum loan amount I can get?
A: Up to ₦300,000, depending on your business need and evaluation.

Q2: Do I need collateral for this loan?
A: No, the “Cash Now-Now” loan is unsecured and does not require collateral.

Q3: When will I start paying back the loan?
A: Repayment begins 30 days after the loan is disbursed.

Q4: How do I contact NMFB for support?
A: ... [email protected] or visit your nearest NMFB branch.

Q5: How long does the application process take?
A: Processing timelines may vary, but approvals typically take a few working days after submission and evaluation.