This is a N100 billion credit support intervention fund for the health sector from Central Bank of Nigeria as part of proactive measures to cushion the impact of the Coronavirus (COVID-19) pandemic in the economy.
Target Market
The CBN fund is targeted at key stakeholders in the health sector which include;
- Manufacturers of Healthcare products i.e. pharmaceutical drugs and medical equipment
- Healthcare service providers/Medical facilities i.e. hospitals/clinics, diagnostic centres/laboratories, fitness and wellness centres, rehabilitation centres, dialysis centres, blood banks etc.
- Pharmaceutical/Medical product distribution and logistics services
- Other human healthcare service providers
Available Loan Types
Working capital: This is available to meet your short-term recurrent expenditure to keep the business growing. With a maximum tenure of 1 year, beneficiaries can access up to N500million (Five hundred million Naira only).
Term Loan: This is a long term loan with maximum tenor of up to 10 years and access to loan amounts of up to N2billion (Two billion Naira only).
Other Product Features
