Guidelines For The Implementation Of The ₦50 billion Targeted Credit Facility

HAVE YOU HEARD ABOUT THE CBN N50 BILLION TARGETED CREDIT FACILITY?

If Not, you are in the right place…

According to the CBN,in response to the outbreak and spillovers of the COVID-19,it has issued the implementation of ₦50 billion Targeted Credit Facility for households and small and medium sized enterprises(SMES) that have been affected by the covid-19 pandemic.

WHAT ARE THE OBJECTIVES OF THE FACILITY

1. Cushion the adverse effects of COVID-19 on households and MSME’s
2. Support the households and MSME’s  whose economic activities have been significantly disrupted by the COVID-19 pandemic
3. Stimulate credit to MSME’s to expand their productive capacity through equipment upgrade and research and development. 

WHO ARE THOSE ELIGIBLE?

1. Households with verifiable evidence of livelihood adversely impacted by COVID-19
2. Existing enterprises with verifiable evidence of business activities adversely affected as a result of the COVID-19 pandemic.
3. Enterprises with bankable plans to take advantage of opportunities arising from the COVID-19 pandemic.

ACTIVITIES COVERED

1. Agricultural value chain activities
2. Hospitality (accommodation and food services)
3. Health (pharmaceuticals and medical supplies)
4. Airline service providers
5. Manufacturing/value addition
6. Trading
7. Any other income generating activities as may be prescribed by the CBN.

So, has your business been affected by the COVID-19 Pandemic and you need help accessing funds in order to bounce back?

Look no further, SENCE AGRIC is here to help you access funds by

1. Writing of business plans
2. Writing of applications for accessing funds
3. Follow Up with process till funds are approved

You can contact us on senceagric@senceworld.com or call 08028748750 for more information.