GEEP Loan Disbursement Date 2024: This article will outline the process and timeline for GEEP loan disbursement. See full details below. The Government Enterprise and Empowerment Programme(GEEP) Loan disbursement will commence any moment from now and here is the official date.
we have brought you all you need to know at the moment about the GEEP 2.0 disbursement date. The Federal government has informed us about the Government Enterprise and Empowerment Programme(GEEP) Loan’s latest update about the loan disbursement.
The loan disbursement process for the GEEP program involves several stages, including application and approval, verification and documentation, and disbursement date and method.
To apply for a GEEP loan, interested individuals must meet the eligibility criteria and complete the loan application form. The application is then reviewed, and if approved, the applicant proceeds to the next stage of the disbursement process.
About Geep Loan
The GEEP 2.0 is a loan scheme designed by the Federal Government to provide financial inclusion and give credit access to poor and vulnerable individuals in the society.
Trader Moni is designed to uplift underprivileged and marginalized youths aged between 18 and 40 years in Nigeria by providing them with loans of N50,000 while MarketMoni is focused on underprivileged and marginalized women aged between 18 and 55 years like widows, and divorcees amongst other vulnerable groups.
They would get interest-free loans of N50,000 payable between six and nine months.
FarmerMoni is for Nigerian farmers aged between 18 and 55 years in rural areas. They would be provided with loans of up to N300,000 to acquire farming input. This scheme has 12 12-month repayment plan, which includes a month’s moratorium and a nine-month repayment period.
How To Apply For Geep Loan 2024/2025
The Geep loan is a governmental loan and I will love all interested individuals to apply for it, that’s why am giving you the steps on how to apply or register;
- Visit the Geep official application Portal www.growthplatform.me
- You will see the Geep loan link click on it.
- Open the link and read through the guidelines.
- Click on the Application button.
- Once, you are ready to apply, visit National Orientation Agency in your state.
How Long is the GEEPP Loan Repayment
This federal government loan programme is very flexible and is open to farmers who seek funds for their businesses. The loan repayment is six(6) months.
GEEP Loan Verification and Documentation Stage
The verification process is carried out to ensure that the information provided by the applicant is accurate and that they meet the eligibility criteria for the loan.
Once the verification is complete, the applicant’s loan is approved, and they are notified of the disbursement date and method.
The disbursement date and method may vary depending on the participating state and the agreement between the state and the recipient.
How to Access the GEEP Loan Application Form 2024/2025
- VISIT HERE to start the GEEP loan process for application.
- Fill in the GEEP application form with the correct information.
- Make sure to submit it after you are done.
How Much is the GEEP Loan Amount
According to the GEEP official portal, we got this response;
TraderMoni is the entry-level loan product for GEEP. It is a 6-month interest-free loan, starting from N10,000 ($28) aimed at petty traders and artisans. This loan is targeted at the everyday market trader, who makes a living from what they sell daily and whose product inventory ranges from N2,000 to N5,000.
When is the GEEP Loan Disbursement Date in 2024/2025?
The official date has not yet been disclosed at the moment. we will update this page soon; please keep checking its page for GEEP’s latest news on loan payments.
GEEP Loan Disbursement Update
The federal government has prequalified 98,000 people to benefit from small loans ranging from N50,000 to N300,000 in the Government Enterprise and Empowerment Programme (GEEP 2.0) in all 36 states and the Federal Capital Territory (FCT). This followed the final verification of Phase 1 applicants who qualified and were selected for the scheme.
Minister of Humanitarian Affairs Disaster Management and Social Development, Ms. Sadiya Umar Farouq, said the loan is payable within nine months without interest and all beneficiaries would soon receive their disbursement alerts.
Farouq said the ministry has planned to roll out the program nationwide, after which an enumeration exercise to capture beneficiaries’ biodata, would follow.
The Government Enterprise and Empowerment Program (GEEP) Portal, which is run by the Bank of Industry (BOI), a Nigerian development finance institution, disburses loans under the GEEP 2.0 program.
TraderMoni, MarketMoni, and FarmerMoni are the three loan products available through the GEEP 2.0 initiative. With variable loan amounts and repayment conditions, each loan product is tailored to a certain group of recipients.
Related Posts:
Disclaimer:
Recruitnaija.com is NOT the official page. This is only a one-page summarized information page. While we try to keep the information current and correct, be aware that information may change at any time without notice. Please always refer to the official website of the host/official page for complete and updated information
Leave a Reply