You can now access ₦50K GEEP loans for small and medium business owners. So you will learn one important aspect on how to apply for this loan.
lately, Access Bank Plc, in cooperation with the Ministry of Humanitarian Affairs, Disaster Management, and Social Development now working to apply for the program.
On that note, the Government Enterprise and commission Programme( GEEP2.0) is a Nigerian government action to prop small businesses in Nigeria.
As time goes on, the partnership will continue to extend in all 36 States and the Federal Capital Territory.
And also, successful GEEP 2.0 beneficiaries will receive congratulatory and sensitization text messages that will let them know about their qualification and emphasizing through the empowerment program which is a loan.
Read also: MSME Survival Fund 2023: Free Business Registration – Government Funds Application
₦50K GEEP Loan Schemes & Types
Have you checked in to see ₦50K GEEP Loan Scheme? Here’s where MarketMoni, TraderMoni, and FarmerMoni exist. So the GEEP 2.0 is a loan scheme designed by the Federal Government to provide financial inclusion and credit access to poor and vulnerable individuals. This individual includes persons with disabilities
Another set of people that will also benefit from it are those at the bottom of the economic pyramid who are engaged in small-scale commercial activities.
Go through and read on Marketmoni. In other words, Marketmoni is a loan scheme for businesses within market associations. What it does is that offer collateral-free and interest-free loans to these SMEs.
If you want this loan, then read through it. TraderMoni is a microloan product that provides interest-free and collateral-free loans to petty traders, artisans, and shopkeepers. So you can equally apply for it and also they receive N50,000 non-interest loans that are due in 6 to 9 months.
Don’t miss this money load here. Finally, FarmerMoni is for Nigerian farmers between the ages of 18 to 55 working in the agricultural sector and living in rural areas. You can apply for it. So GEEP offers loans of up to N300,000 to farmers to increase profitable agricultural production and value-added activities.
See also: Agricultural Grant Loans 2023 – Apply and Get Yours Now
Applying for ₦50K GEEP Loan
Now, to apply for the loan, follow the instructions below. However, bear in mind that you cannot apply online.
- First, visit the Growth Platform site and navigate to find the GEEP portal. Similarly, click here to quickly visit the portal.
- Secondly, choose any of the schemes available, whether TraderMoni, FarmerMoni or MarketMoni.
- Review the resources and videos present on the page to learn the requirements.
- When you are ready, visit the National Orientation Agency in your state to apply.
- Finally, wait to see if you are selected to receive one