The Government Enterprise & Empowerment Programme (GEEP) was established in the year 2016 having the interest of Nigerians in mind by giving interest-free loans and no collateral needed.
This loan is basically to encourage the economic growth o the country by giving free credit to the Micro SMEs (MSMEs).
About GEEP Loan
This loan is of three types which are TraderMoni, FarmerMoni, and MarketMoni. Today I will be showing you how to apply for the loan that suits you and full details about these three loans.
This loan was introduced to help informal traders that did not have access to formal loans and needed financial assistance to grow their businesses
These loans have already helped a lot of petty traders and farmers.
Market Moni GEEP loan is part of the GEEP loan and is the first launched loan by GEEP and gives petty traders access to over 50,000 loans through their associations it is an interest-free loan in 6 months duration.
This loan has a very comfortable repayment duration with interest-free just to encourage the traders to increase their productivity and help the country’s economy.
It is very easy to apply and you too can apply for it
FarmerMoni is the second type of GEEP loan and it targets only the farmers in the agricultural sector of the economy.
Smallholder farmers can borrow from 250,000 and its interest-free loan with a 6-9month duration.
The 6-9 month FamerMoni loan was launched to suit the farmer and cultivational season and farming requirements.
This loan has helped a lot of farmers and you too can start an application now
TraderMoni is the third product of the GEEP loan to petty traders and it is very easy to get since it’s an entry-level loan from GEEP.
It starts with a minimum of 10,000 for petty traders, an interest free loan with 6 months duration.
These particular loans target the daily seller traders who depend on their daily trading for feeding.
This trader’s inventory must range from 2,000 to 5,000.
GEEP also this petty traders on a business structural way to increase their revenue and also repay their loan
Let me quickly take you through all these loan requirements
GEEP Loan Requirements
Apart from being a Nigerian which is the number one requirement you still need some simple documents for you to enjoy GEEP Loan
- You must be a Nigerian by birth
- A Passport photograph
- Off cuss No educational background needed
- Bank Verification Number (BVN)
- Must have either a National Identity card or voters card
- You must state what you will be using this loan you are applying for if granted
How To Apply For GEEP Loan
You can start your application online at growthplatform.me/geep or visit the National Orientation Agency in your state
There are various types of loan on the website so you can easily navigate to GEEP using the link or just navigate through the website and choose the type of product you want of the three products and the one that suit you or you are qualified for.
Make sure you read through the guidance of the specific loan you select and proceed to submit your application!
You can also mail [email protected] for more info about the loan
Thank you for reading and you can leave a comment if you have any questions we will love to reply to every single comment