GEEP Loan 2.0 – FG Issues Interest-Free Loans To 98,000 Beneficiaries » Voice of Nigeria

April 8, 2022 Mary

GEEP Loan 2.0 – FG Issues Interest-Free Loans To 98,000 Beneficiaries

The federal government has fulfilled plans to provide interest-free loans to 98,000 recipients of its government enterprise and GEEP 2.0 empowerment programs across the country.

The Ministry of Humanitarian Affairs, Disaster Management and Social Development has completed plans to roll out the GEEP 2.0 Government Enterprise and Empowerment Program in all 36 states and the Federal Capital Territory.

The FG GEEP Loan 2.0 program covers 98,000 beneficiaries

This stage is followed by the final verification of the applicants who qualify and benefit from small loans ranging from N50,000 to N300,000 and were selected.

The GEEP 2.00 LOAN APPLICATION FORM WAS SUBMITTED TO VARIOUS LGAs SECRETARIAT Across The Country, So Please Stop Complaining That You Were Not Aware.
Access Bank Will Open Account To All The Beneficiaries.

“All qualified beneficiaries will receive disbursement alerts shortly. We would like to remind all qualified beneficiaries that this is an interest-free loan. This is not a grant or an unexpected government decision. It is a soft interest-free loan that must be repaid within nine months, ”she said, adding that the ministry is planning to implement the program across the country, after which a biography of the beneficiaries will be conducted. .

ABOUT GEEP LOAN

Here are the messages you should receive, if you’ve been selected for the first batch of the Federal Government’s interest and collateral free loan.

The messages comes in two phases: the English and Pidgin versions, which explains same instructions. Please, this is not scam and be advised not to delete them from your device.

Note:

1. You do not need to go to anyone or anywhere, as every process shall be dully carried out without your presence, since the FG has contracted Access Bank to handle the process.
2. The Government Enterprise and Empowerment Program (GEEP), is from Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHADMSD), and come in form of: TraderMoni; MarketMoni; and FarmerMoni.
3. All its activities being handled by National Orientation Agency (NOA).
4. For further information, please contact NOA offices, at Local Government Headquarterses Nationwide.

Minister Sadia Omar Farooq said that all the beneficiaries of GEEP 2.0 would receive congratulatory and sensitive text messages in the coming days informing them of their eligibility and reiterating that the empowerment program is a loan and not a grant.

All eligible beneficiaries will receive their Distribution Alerts soon. We would like to remind all eligible beneficiaries that this is an interest free loan.

This is not a grant or a government hurricane. This is a soft interest free loan that must be repaid within 9 months

Minister Omar Farooq also announced that the ministry was planning to rollout the program across the country, following which a computational exercise would be conducted to obtain the biodata of the beneficiaries. Will practice to get the biodata of the beneficiaries. Will take place.

GEEP 2.0 is a loan scheme designed by the federal government to provide financial inclusion and provide credit access to the poor and vulnerable, including persons with disabilities and individuals at the bottom of the economic pyramid. Are engaged in the commercial activities of Flagship Schemes: MarketMoney. Trader Moni and farmer Moni.

TraderMoney aims to uplift Nigeria’s under-18 and marginalized youth by providing N50,000 loans, while MarketMoney targets under-authorized and marginalized women under 18-55. Targets such as widows, divorcees and other vulnerable groups.

They get interest free loans of N50.000 repayable within 6-9 months.

Farmermoni is for Nigerian farmers aged 18-55 in rural areas who work in agriculture. They are given loans up to N300,000 for agricultural input. The scheme has 12 months including 3 months mortgage and 9 months repayment period.

GEEP loan application portal:

Sadiya Farouq flagged off NOA Staff Training | Get GEEP 2.0 Loans Application for Exited Npower Volunteers

GEEP 2.0 Loans for Exited Npower Volunteers as Sadiya Farouq flagged off NOA Staff Training
GEEP 2.0 Loans has been place as one of options previously revealed to be part of the exit package for disengaged Npower batch A and B Volunteers, here I will discuss further what you need to know about GEEP 2.0 Loans which comprises Tradermonie, Farmermonie and Marketmonie.

GEEP 2.0 Loans

HM Sadiya Farouq has announced the training of National Orientation Agency staff to become key instructors for the smooth running and implementation of the Government Company and Interest-Free Program (GEEP).

The Government Enterprise Empowerment Program (GEEP) is one of four (4) national social investment programs — an initiative to provide collateral and interest-free to the poor and vulnerable at the bottom of the economic pyramid. You are officially announcing our collaborative partnership with the National Orientation Agency, which has been one of the partners in the implementation of NSIP programs since its inception.

Apply here http://www.boi.ng/ or apply via www.boi.ng/marketreg

Role for GEEP Local Government Desk Officers” at all the 774 local government levels areas across the 36 states and the FCT

Sensitize communities on the GEEP programme
Register interested beneficiaries of TraderMoni, MarketMoni and FarmerMoni
Collect and collate necessary data for the programme
Provide necessary feedback to the programme coordinators at State and Federal Levels
Encourage active participation in the programme
Uphold the mandate of the programme and lead with honesty, fairness under conditions of oath.
GEEP 2.0 Loans Chances for Npower Exited Volunteers

Following the launched of GEEP MarketMoni 2.0, at the Army Resource Centre Abuja by Honourable Minister of Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farouq for the training of Master Trainers for the upcoming

GEEP loan application portal

GEEP Loan 2.0 – Minister for Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Faroug urges vulnerable Nigerians to register and receive interest-free loans under the government’s recently launched GEEP 2.0 business empowerment program

What does a GEEP loan mean?

GEEP stands for Government Enterprise and Empowerment Program, that is
A program launched by the Nigerian federal government to support Nigerians and lift them out of poverty through interest-free loans.

GEEP categories

GEEP has four different categories that benefit every Nigerian
1. Merchant Moni Loans
2. Market mini loan
3. Mini credit for farmers
4. npower program.

Merchant and market money

The next level is a small kiosk owner, grocery store, bread seller, Mai Shai, trolley pusher, mobile tailor, mobile shoemaker, fruit seller, keke driver, and more. Click here to sign up for TraderMoni. to apply

NOTE – Market Moni for Businesses is registered with the Cooperation Commission (C.A.C) and has an RC number.

Farmer Moni

This applies to applicants involved in agriculture, such as crop, livestock, aquaculture and processing / value creation. Click here to sign up for FarmerMoni. to apply