Running a small business—whether you’re selling wares in a kiosk, fixing shoes, or braiding hair in a market stall—is no small feat.
It often takes grit, long hours, and just as often, a little financial help.
That’s where NIRSAL Microfinance Bank (NMFB) comes in with its “Cash Now-Now” loan, a lifeline for petty traders, artisans, and kiosk owners who need quick access to working capital.
What’s the “Cash Now-Now” Loan All About?
The “Cash Now-Now” loan is NMFB’s way of putting money directly into the hands of small business owners who need it most.
It’s tailor-made for urgent cash needs—whether it’s to restock a shop, repair equipment, or simply keep a business running through tough times.
You don’t need to be a big company or have fancy offices.
If you’re working hard every day to earn a living, this could be just what you need.
Who Can Apply?
This loan is ideal for:
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Petty traders selling in local markets
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Kiosk owners running small neighborhood stores
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Artisans like tailors, mechanics, carpenters, and hairdressers
You can apply for up to ₦300,000, with a repayment period that stretches across 12 months (365 days).
How to Apply for the Loan
The process is simple and entirely online.
Here’s what you need to do:
Step 1: Register Online
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Go to the official NMFB website
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Create an account
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Fill out the application form with your personal and financial details (you’ll need your BVN and a recent payslip)
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Choose your preferred NMFB branch for processing
Step 2: Wait for Review
NMFB will go over your application based on its internal Risk Acceptance Criteria.
If you qualify, they’ll send you a loan offer.
Step 3: Get the Funds
Once you accept the offer, the funds will be credited straight into your NMFB account.
Step 4: Start Repayment
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Repayment begins 30 days after you receive the loan
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NMFB will also keep an eye on how the loan is being used to ensure terms are followed
Need Help or More Info?
If you have questions or need support, reach out to NMFB via email at:
📩 [email protected]
Empowering the Everyday Entrepreneur
The goal of this loan isn’t just to provide cash—it’s to empower.
NMFB wants to see small business owners not just survive, but grow, stabilize, and even scale up.
It’s about supporting the everyday hustlers who keep the local economy moving.