How To Get FG 1.5M GEEP IYALOJA Market Trader Loan. This is to inform you that the GEEP IYALOJA Market Trader Loan has officially commenced. All interested persons can see full details on how to access the GEEP Market Trader Loan here.
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How To Get FG 1.5M GEEP IYALOJA Market Trader Loan
The Government Enterprise and Empowerment Programme (GEEP) has launched the IYALOJA Market Trader Loan, providing a significant opportunity for entrepreneurs. This article contains step by step guide on accessing the FG 1.5M GEEP IYALOJA Market Trader Loan.
What is GEEP Iyaloja Market Moni?
The IYALOJA Market-Moni 2.0, an expansion of the GEEP, targets 1.5 million recipients with N50,000 interest-free loans each. The Honourable Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu, has been actively sensitizing the public about this initiative.
How to Enroll for GEEP Market Trader Loan
To access the loan, NSIPA or NASSCO Enumerators will visit markets to capture market traders eligible for the N50,000 loan. This loan aims to support the growth of businesses, making a meaningful impact.
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Who can Apply for GEEP Market Moni Loan?
Interested persons must possess the following –
- Have BVN
- Be a member of an accredited market association or cooperative registered with the CAC.
Please Note- Associations or cooperatives should express their interest in MarketMoni by submitting information to the NSIP assigned State Focal Person.
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How to Verify and Capture for GEEP Market Trader Loan
Qualified associations or cooperatives will have a MarketMoni agent sent promptly for verification and capturing of member information for loan assessment.
How to Get the GEEP Loan
Once captured as eligible beneficiaries, the N50,000 loan will be transferred to the beneficiary’s wallet or bank account. Repayment is scheduled over a period of 6 months.
Beneficiaries are advised to plan strategically, invest wisely, and remain committed to repaying the interest-free loan.
GEEP 2.0 Programme
The expanded GEEP 2.0 Programme concentrates on various aspects, including Market Moni (Iyaloja), Nne Ahia, Agajin Yankasuwa, Farmer Moni, and Trader Moni. The non-interest loan of N50,000 under the Iyaloja Market Fund targets Phase 1 market traders selected from 109 markets across every Senatorial zone in Nigeria.
The FG 1.5M GEEP IYALOJA Market Trader Loan presents a remarkable opportunity for market traders to boost their businesses. By following the outlined steps and meeting the eligibility criteria, entrepreneurs can access this interest-free loan, contributing to the growth and empowerment of small businesses across Nigeria.