Apply Now for NMFB “Cash Now-Now” Loan 2025 – Up to ₦300,000 for Petty Traders, Kiosk Owners & Artisans
Are you a petty trader, artisan, or kiosk owner in Nigeria struggling with limited capital? The NIRSAL Microfinance Bank (NMFB) has introduced a fast-access loan scheme called the “Cash Now-Now” Loan, offering up to ₦300,000 in quick business funding.
This initiative is part of NMFB’s drive for financial inclusion—empowering micro-businesses, supporting daily earners, and boosting grassroots economic growth.
👥 Who Is Eligible for the “Cash Now-Now” Loan?
This program is designed specifically for:
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✅ Petty Traders – such as food vendors, hawkers, and stall operators
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✅ Kiosk Owners – including recharge card sellers and small shop owners
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✅ Artisans – like tailors, barbers, welders, auto-repairers, and similar skilled workers
No collateral is required, and funds are disbursed quickly once your application is approved.
📊 Key Features of the NMFB Cash Now-Now Loan
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Loan Amount: Up to ₦300,000
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Repayment Term: Up to 12 months (365 days)
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Grace Period: 30 days before the first repayment
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Monitoring: Loan usage will be tracked to ensure it supports your business
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No Upfront Fees: You are not required to pay any application or processing fees
📝 How to Apply – Step-by-Step Guide
Step 1: Register Online
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Visit the official NMFB portal: www.nmfb.com.ng
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Create an account or log in
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Fill in your:
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Personal information
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Business details
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BVN (Bank Verification Number)
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Income details (if applicable)
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Select your preferred NMFB branch
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Step 2: Application Review
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NMFB evaluates your request using its Risk Acceptance Criteria (RAC)
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Applications are reviewed based on business potential and financial profile
Step 3: Loan Offer & Disbursement
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If approved, you’ll receive a loan offer
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Once accepted, the funds are sent to your NMFB account directly
Step 4: Repayment & Monitoring
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Repayment begins 30 days after disbursement
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You will receive alerts and reminders
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NMFB will monitor how funds are used to ensure they support your business
❓ Frequently Asked Questions (FAQs)
Q1: How much can I borrow?
🅰️ Up to ₦300,000 depending on your business and evaluation outcome.
Q2: Do I need collateral?
🅰️ No. The loan is unsecured, so no collateral or guarantor is needed.
Q3: When do I start repayment?
🅰️ You begin 30 days after the loan is credited to your account.
Q4: How do I contact NMFB for help?
🅰️ You can email [email protected] or visit the nearest NMFB branch.
Q5: How long does approval take?
🅰️ Usually a few working days after successful submission and evaluation.
🚀 Take the Next Step
The NMFB “Cash Now-Now” Loan is a golden opportunity for small business owners across Nigeria to access funds without stress or delays.
If you run a market stall, kiosk, or offer artisan services, don’t miss this chance to boost your business and secure your financial future.