GEEP Loan Application Portal 2023/2024: See GEEP 2.0 application Form | The ₦300,000 farmermoni loan is out again GEEP 2.0 loan application form.
Are you in search of the GEEP load code? Are you a businessman or woman looking to bolster your business? The ₦50,000 GEEP loan application form is now available via the application portal. Read through this article for more information.
Everything you need to know and how to apply for a GEEP Loan
The government has developed many loan programs for people and enterprises who have trouble getting access to capital. The GEEP Loan is one of these really inventive and laudable loan programs. Now, getting this loan is easier than you could have imagined. To discover more, keep reading.
A Summary of the Government Enterprise And Empowerment Program (GEEP)
The Government Enterprise & Empowerment Programme (GEEP) is a funding program that began in 2016. Its primary goal is to help needy Micro SMEs (MSMEs) with interest-free and collateral-free loans. It is entirely government-owned, as opposed to commercially held platforms such as Soko loans USSD code.
The Federal Government of Nigeria established GEEP primarily to meet the requirements of individuals and small and medium-sized businesses in Nigeria. As a result, all Nigerian citizens are eligible to apply for this loan.
What Are The GEEP Loan Categories?
The GEEP funding scheme is broken into three areas to assist firms in growing. They are as follows:
1. Trader Moni
This category is for small-scale entrepreneurs/traders who require funds to expand their operations. Fruit sellers, small-scale store proprietors, and others can apply for the Trader Moni loan.
CHECK OUT: Trader Moni Loan Registration Login Portal
2. Farmer Moni
Owners of businesses who require loans under this category must first register with the CAC. (Corporate Affairs Commission).
3. Market Moni
This category is only for owners of agricultural businesses. Agri-business enterprises that need money to grow their operations can apply for Market Moni funding.
What is the GEEP loan maximum loan amount?
The highest loan amount available for the GEEP loan is N300,000. You can, on the other hand, apply for a minimum of N10,000. These loans are primarily interest-free, and no collateral is required.
ALSO SEE: GEEP Loan Disbursement Date 2023 Latest News Update
You can also choose between short-term and long-term loans. Simply take advantage of this opportunity to apply for a GEEP loan if you are a small or medium-sized entrepreneur/trader/business owner.
What is the term of the loan?
GEEP loan is a 6-month interest-free financing starting at N30,000 for small business owners operating under the umbrellas of market organizations or cooperative societies.
How Can I Apply for the GEEP Loan?
To apply for a GEEP loan, follow these steps:
- Go to https://www.geep.ng/, the official GEEP Registration Portal.
- Next, navigate to the GEEP Link. (if the portal is open, you should see a link).
- Then, click the link and carefully read the instructions. When you’re finished, click “Application.”
- When you are ready to apply in person, go to the National Orientation Agency in your state.
What documents do I need to obtain a GEEP Loan?
Here are some important documents you need:
- BVN
- Local Govt of Origin Certificate
- Passport Photographs
- CAC Certificate for businesses eligible
- A Valid National ID
How can I contact GEEP?
Here is a little information you can use to reach a GEEP loan:
- Address: BOI House Plot 256, Zone A O Off, Herbert Macaulay Way, Abuja OR 23 Marina Street, Lagos.
- Phone Number: +234 700 6275 386, +234 700 1000 200
- Website: https://www.geep.ng/
- Email Address: ask@growthplatform.tech
In Conclusion
The Federal Government of Nigeria established the GEEP loan as a funding scheme. Essentially, the goal of this strategy is to provide small-scale enterprises with collateral and interest-free loans. GEEP is a wonderful concept that benefits every Nigerian who wishes to start a business.