Loans/Grants

How to Register for IYALOJA Fund 2023 – IYALOJA Loan Application Form Portal Now Open

How to Register for IYALOJA Fund 2023 – IYALOJA Loan Application Form Portal Now Open: Applications are invited from all interested candidates. See below for all you need to know; the requirements, application closing date, and how to apply.

Benefits of the IYALOJA/GEEP Loan Scheme

  • Access to finance: The scheme provides petty traders with access to finance, which can be used to purchase inventory, expand their businesses, or hire additional staff.
  • Financial inclusion: The scheme helps to promote financial inclusion by encouraging petty traders to open bank accounts and use formal financial services.
  • Economic empowerment: The scheme helps to economically empower petty traders by providing them with the resources they need to grow their businesses and create jobs.

How to Apply for the IYALOJA/GEEP Loan Scheme

The application process for the IYALOJA/GEEP Loan Scheme is simple and straightforward. Petty traders can register for the scheme by visiting their local market and meeting with a Nassco enumerator.

The enumerator will capture the trader’s information and open a savings account for them. Once the trader’s registration is complete, they will receive the N50,000 loan directly into their savings account.

How to Apply for the IYALOJA/GEEP Loan Scheme

The application process for the IYALOJA/GEEP Loan Scheme is simple and straightforward. Petty traders can register for the scheme by visiting their local market and meeting with a Nassco enumerator.

The enumerator will capture the trader’s information and open a savings account for them. Once the trader’s registration is complete, they will receive the N50,000 loan directly into their savings account.CLICK HERE

You may also apply for;

Eligibility Requirements for the IYALOJA/GEEP Loan Scheme

  • Be a Nigerian citizen
  • Be a petty trader with a business in one of the selected markets
  • Be at least 18 years old
  • Have a valid bank account

Additional Information

  • Here is some additional information about the IYALOJA/GEEP Loan Scheme:
  • The scheme is open to all petty traders, regardless of their gender, religion, or ethnicity.
  • The loan is repayable over a period of 12 months.
  • Petty traders are not required to provide any collateral to obtain the loan.
  • The scheme is administered by the National Social Safety Nets Coordinating Office (NASSCO).

FAQs IYALOJA/GEEP Loan?

How long do you have to pay back the loan?

This loan is a special program by the Nigerian government that helps small traders. You get two weeks before you need to start paying it back. Then, you have between three to six months to pay off the loan completely. You can make payments at any bank or with special cards. If you pay back the whole loan, you can borrow more money next time.

How much can you borrow with the IYALOJA/GEEP Loan

For the IYALOJA/GEEP Loan by the Nigerian government, you can get up to N50,000 without interest. The program is set to start in November 2023 and aims to reach 1.5 million people. To apply, you must sign up with Nassco at designated markets and have a savings account for the loan money. Remember, this is just information, not financial advice. It’s best to talk to a professional before making any financial choices.

Spark Gist

Recent Posts

University of Africa  Toru-Orua Recruitment 2024/2025 – uat.edu.ng/recruit

University of Africa, Toru-Orua Recruitment 2024/2025 - Recruitment for Academic and Non-Academic Staff Positions at the University of Africa, Toru-Orua.…

1 month ago

Arise Youth Employment Portal 2024 – Apply for Akwa Ibom State Government Recruitment

Akwa Ibom State Government Recruitment for Arise Youth Application Form Portal 2024 – Akwa Ibom State this is to inform…

2 months ago

careers.firs.gov.ng Recruitment Portal 2024/2025 is open – Apply now

FIRS Recruitment Application Form 2024/2025 Open - This is to inform the general public that the Federal Inland Revenue Service…

2 months ago

Federal Inland Revenue Service Recruitment 2024 | firs.gov.ng/careers

Federal Inland Revenue Service Recruitment Portal 2024 is open. This page contains step by step guide on how to apply…

2 months ago

UAE Work Visa for 5 Years Temporary Work: Eligibility, Required Documents & How to Apply

UAE Work Visa Apply now - The Service of Labor issues a Brief Work Allowance in Dubai to the individual…

2 months ago

Luxembourg Labor Jobs with Visa Sponsorship 2024/2025 (€14.86 Per Hour) – Apply Now

Luxembourg Labor Jobs with Visa Sponsorship - Luxembourg is renowned for its high quality of life, security, and dynamic economy.…

2 months ago