GEEP loan application – The Federal government has been on its quest for financial inclusion, where it looks to give credit access to poor and vulnerable individuals, however, it aims to reach as far as Nigerians below the economic pyramid, who are looking to better their lives.
About GEEP loan
GEEP stands for: “Government Enterprise and Empowerment Program,” a loan scheme designed by the Nigerian government to provide financial inclusion as well as give credit access to poor and vulnerable Nigerians, this includes; Persons with disability, persons under the economic pyramid looking or are already engaged in small scale commercial activities.
Under the GEEP we have, Marketmoni, FarmerMoni, and TraderMoni, which are designed to take the less economically privileged Nigerians between 18, 40, and 55 years out of poverty by providing them loans of N50k, and N300k respectively.
However, MarketMoni is focused on underprivileged as well as marginalized women aged 18 and 55 years; widows, divorcees, etc.
Interest-free loans are usually offered on N50k, payable between 6 and 9 months.
FarmerMoni targeted Nigerian farmers 18 and 55 years in rural areas, where they are provided with a loan of up to N300k to improve farming, with a 12 monthly repayment plan.
That said, applying for and receiving the GEEP loan is not as difficult whatsoever.
What is the maximum loan amount?
The maximum loan amount for GEEP is N300,000 and the minimum amount of N10,000. Kindly be informed that these loans are free-interest loans without collateral whatsoever.
The loan tenure for GEEP loan is 6 – 12 months, this, however, depends on the loan category be it’ MarketMoni, FarmerMoni, or TraderMoni.
How can I apply for GEEP loan?
GEEP loan application is super easy, to get started you will need to go to the GEEP application portal growthplatform.me
From the portal, trace/locate the GEEP link, having clinked the link go through the guidelines to get yourself acquainted, then click on “Application” to get started.
However, you have the option to file your application at any of GEEP physical offices in your state, visit them to get started immediately.
Requirements for GEEP loan application
Kindly equip yourself with the following details before you get started,
2. Certificate of the local government of origin, you can get this from your local government of origin.
3. Clear copy of two or at least 4 passport photographs
4. Certificate of business registration with the CAC
5. Supported by a valid National ID card.
What is a GEEP loan?
GEEP loan is a 6 months interest-free credit, starting from N30,000 for small business owners
under market associations or cooperative societies.
Is GEEP loan a grant?
Every farmer, artisan, and trader in Nigeria is eligible for a GEEP loan. The loan is designed to provide credit to small businesses with a convenient repayment period of 6 months.
How can I apply for GEEP loan in Nigeria?
1. Visit the GEEP registration portal; growthplatform.me
2. Go to the GEEP link.
3. Open the link and read through the guidelines
4. Click on the application
5. Thereafter visit any GEEP physical office in your state, usually a National Orientation Agency.
How do I apply for GEEP MarketMoni?
To apply for the MarketMoni, you will need to have your BVN in place, as well as be nominated by your market association, cooperative, or TraderMoni group, as well well be willing to stand in as your guarantor. Any of the market groups mentioned must be registered with the “Bank of Industry.”
GEEP loan code
There’s no code for GEEP of this type, kindly visit its application portal at growthplatform.me, commence your application, then visit any of its physical offices to complete your application.
GEEP contact details
Phone: +234 700 6275 386 or +234 700 1000 200.