Federal GEEP and Bank of Industry Loan 2023/2024 Application- This post talks about the steps on how to successfully register and apply for the Federal Government Enterprise and Empowerment Programme (GEEP) 2023/2024 which is collaboration with Bank of Industry.
Here you will know about the requirements involved to get a free collateral loan through Federal Government Enterprise and Empowerment Programme (GEEP)
N10 billion was allocated to Bank of Industry (BOI) as ‘Grants to BOI to support low interest loan to SMEs’.
About GEEP – Government Enterprise and Empowerment Programme was established by the FG to create financial empowerment for Co-operative societies, traders and Artisans within the country.
Objectives of Federal GEEP and Bank of Industry Loan: To provide access to credit up to 1.6 Million Nigerians MSMEs’ and Youths
GEEP loan distribution path way: GEEP Loans funds will be disbursed through BOI (Bank Of Industry) a financial institution saddled with the responsibility of managing the funds for on-lending.
GEEP loan categories
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Applicants for Trader Moni and Farmer Moni
The GEEP Loans to Beneficiaries under the Trader Moni guidelines is N10,000. Upon payment of the first loan, the individual qualifies for a higher amount. The maximum amount allowed is N100,000.
At the first stage, N10, 000 can be collected without Biometric Verification Number (BVN) or bank account, the borrower must have a BVN and a bank account for the next set of loans.
Applicants for Market Moni
Criteria for Federal GEEP Loan
Applicants are to choose the category in which they are applying for after going through the edibility above;
To apply for Trader moni loan Click Here
To apply for Market moni loan Click Here
To apply for Farmer moni loan Click Here
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Please let me know what the 4 digit OTP code mean as regards to the farmer Moni FGN loan. Thank you.