GEEP Loan Application
GEEP loan application is set to take center stage across the 36 states of the federation and interested members of the public are getting ready to seize this opportunity to improve their business growth.
Are you hearing the term for the first time? Don’t feel bad as it isn’t too late to learn more about it and how you too can benefit from it.
However, you would have to pay concrete and maximum attention to this article as we shall be telling what it means and how to apply it.
What Is Geep Loan?
GEEP simply means Government Enterprise and Empowerment Program. It is a program introduced by the Buhari-led administration as part of the government’s mission to provide financial power to all qualified citizens of the country.
Since the introduction of the program in 2016, many Nigerians have benefited from it and more are still expected to enjoy this financial aid later in the year.
The Importance of GEEP Loan Program
The major aim and objective of the GEEP loan program is to help small and medium businesses grow at a very fast pace.
The loan ensures that small and medium business owners have unrivaled access to loans that will help them boost the financial capacity of their trade and business.
Geep Loan Application
Just like every other financial aid program in the country, you are expected to participate in the application or registration exercise to stand a chance of being granted the financial help you desire.
GEEP loan program consist of four different sections which are listed and discussed below:
- Trader moni loan
- Market mini loan
- Farmer mini loan
- Npower Programme
This is the first section of the Geep loan program through which you can borrow as low as N10,000.
It is created mainly for Nigerians who run small provision stores and other forms of small-scale trading services such as kiosk owners, bread sellers wheelbarrow pushers among many others.
Trader Moni Registration Portal
The unique portal to apply for the trader Moni section of the GEEP loan program is www.tradermoni.com.ng/resources/
Market Moni is more like the Trader moni as it is only available to small-scale business owners who are looking to borrow a little sum of money (N50,000 and above) to grow their businesses.
The only difference between the two sectors is that you will need to register your business with the Cooperate Affairs Commission and possess a RC number before you can be eligible to benefit from the market moni.
Market Moni Registration Portal
The portal below is where you can apply for this part of the geep loan 2021 exercise
Just as the name implies, farmer moni is aimed at helping anyone engaged in agri-based practice including animal production, crop production, aquaculture, and more.
Farmer Moni Registration Portal
The portal below is strictly designed for people interested in this part of the geep loan 2021 exercise.
This is the last section of the GEEP loan, and it’s aimed at reducing the rate of unemployment in the country.
This is completely different from the three discussed earlier because it gives you the chance to learn new skills and earn a certain amount of money.
Npower Registration Portal
If you desire to earn while you learn, then you are advised to click on the link below to apply for this year’s Npower program of your choice.
GEEP Loan Application Requirements
Meanwhile, there are some criteria you must possess before you can be able to apply for any of the aforementioned sections.
These criteria and qualifications include the following:
- You must be a Nigerian
- You must have an occupation — either a trader or an artisan.
- You must belong to a verified cooperative or an accreditated market association. You can click here to see how your association can be verified by the Bank Of Industry.
- The leader of your association must approve your decision to apply for a loan
- Your BVN must be linked to the bank account to be used.