NG Cares Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer care
In the wake of the COVID-19 pandemic that wreaked havoc on economies globally, the Nigerian Federal Government introduced the National Covid-19 Action Recovery & Economic Stimulus (NG Cares) initiative. This federal scheme aims to provide crucial relief funds to businesses adversely affected by the pandemic in 2020. Not only does NG Cares seek to alleviate the hardships caused by the pandemic, but it is also aligned with the government’s vision to uplift at least 100 million Nigerians out of poverty within ten years.
Eligibility Requirements:
To qualify for the NG Cares business loan, businesses must meet specific eligibility criteria based on their size:
- Micro Businesses:
- Must have a minimum of three employees.
- Employee count should range from 3 to 9.
- Small Businesses:
- Must have a minimum of 10 employees.
- Employee count should range from 10 to 50.
Application Documents:
Businesses interested in availing themselves of the NG Cares loan must prepare the following documents:
- BVN printout (stamped by the bank for verification).
- Proof of business operations, including bank statements and cash books.
- Business CAC registration or TIN.
- Valid means of identification (Driver’s license, Voter’s Card, or NIN).
- Evidence of accurate age (NIN, Voter’s Card, or Driver’s license).
- Means to confirm residence (Voter’s card or a recent utility bill).
Application Process:
Follow these straightforward steps to apply for the NG Cares business loan:
- Visit the official NG Cares website: https://www.ngcaresbusiness.org/.
- Select the state where your business is located and click on “Go To Portal.”
- Complete the registration process on the state-specific loan portal.
- Once registered, the platform will verify your eligibility, and if successful, you will be contacted.
For those who prefer a non-digital approach, application forms are available through:
- NG CARES agents.
- Community CDC chairman.
- Community youth president.
- Community women leaders.
Contact Information:
For any inquiries or assistance, reach out to NG Cares through the following channels:
- Address: No. 14 Mousa Crescent, Off Thomas Sankara Street, Asokoro, Abuja, Federal Capital Territory, Nigeria.
- Website: www.ngcares.gov.ng.
- Phone Number: +234 701 453 4703.
- Email Address: info@ngcares.gov.ng.
Conclusion:
The NG Cares loan initiative stands as a beacon of hope for businesses grappling with the aftermath of the pandemic. By following the outlined steps and ensuring the necessary documentation is in order, businesses can navigate the application process seamlessly. This initiative not only signifies the government’s commitment to economic recovery but also offers a lifeline for businesses striving to emerge stronger from the challenges of the past.