How to Access FG 1.5M GEEP IYALOJA Market Trader Loan. This page contains a Step-by-Step Guide on How to get FG 1.5M GEEP IYALOJA Market Trader Loan.
This comprehensive guide provides Market Traders with important information needed to get the FG 1.5M GEEP IYALOJA Market Trader Loan. See full details below and get your GEEP loan today.
Understanding GEEP Iyaloja Market Moni
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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.
GEEP 2.0 Programme Latest Update
Dive into the various areas of the expanded GEEP 2.0 Programme, that consist of Market Moni (Iyaloja), Nne Ahia, Agajin Yankasuwa, Farmer Moni, and Trader Moni. The Iyaloja Market Fund specifically targets Phase 1 market traders across 109 markets in Nigeria’s Senatorial zones.
SEE ALSO: CBN Non-Interest Loan 2023 (Apply) – Central Bank of Nigeria
Enrolling for GEEP Market Trader Loan
Learn how NSIPA or NASSCO Enumerators visit markets to capture eligible market traders for the N50,000 loan, a strategic move to support businesses and foster meaningful growth.
Eligibility Criteria for GEEP Market Moni Loan
Detailed requirements for interested individuals, includes possessing a BVN and being a member of an accredited market association or cooperative registered with the CAC.
PLEASE NOTE: Associations or cooperatives should express their interest by submitting information to the NSIP assigned State Focal Person.
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 Access FG 1.5M GEEP IYALOJA Market Trader 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.
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