NIRSAL Microfinance Bank (NMFB) has introduced its Petty Cash Now-Now facility, a microloan product designed to support petty traders, kiosk owners, and artisans in managing their daily business operations.
The bank said the initiative is aimed at easing access to quick working capital, allowing small business operators to maintain steady operations without disruptions.
According to details shared by the bank, the Petty Cash Now-Now loan offers flexible funding tailored to the needs of micro-enterprises. The facility is positioned as a short-term financial support option to help businesses stay afloat and grow.
NMFB noted that many small-scale entrepreneurs often face delays due to limited access to funds, especially for day-to-day transactions. The new product is expected to bridge this gap by providing immediate liquidity.
Key features of the NMFB Petty Cash Now-Now facility include:
- Designed for petty traders, artisans, and small shop owners
- Loan amounts ranging from ₦50,000 to ₦300,000
- Quick access to funds for daily operational needs
- Focus on keeping businesses running without interruption
The bank emphasised that the loan is part of its broader strategy to empower Nigerians and drive economic development at the grassroots level.
In addition to the petty cash facility, NMFB also highlighted other financial products available to customers:
- NMFB Salary Advance (SALAD)
- NMFB SME Loan
- Agricultural Finance Facility (AFF)
- Consumer Assets Finance Facility (CAFF)
- NMFB Amazon Loan
- NMFB Overdraft
The bank also provides digital banking services through its USSD code *646#, which enables users to transfer funds, buy airtime, check balances, and pay bills.
NMFB currently operates over 115 branches nationwide, expanding its reach to underserved communities and small business owners across the country.
The bank urged interested applicants to apply through its official website or visit the nearest branch for more information.
What do you think about this?
Drop your opinion in the comment section.
FOLLOW US & Share this with someone who needs to see this.
