Apply Now For Npower GEEP Loan

 

 

By: Dandison Anusionwu

 

 

The Government Enterprise & Empowerment Programme (GEEP) was launched in 2016 with the aim to offer interest and collateral-free credit to millions of Micro SMEs (MSMEs) operating at the bottom of the Nigerian economic pyramid. The program has leveraged 3 loan products, so far, to support small to medium-sized businesses: MarketMoni, TraderMoni, and FarmerMoni.

Content (Hide)

  1. Now trending
  2. Steps  To Apply For Npower GEEP Loan Application
  3. GEEP Initiative and Its  Meaning
  4. The Requirement to access GEEP Loan
  5. The Requirements for Npower GEEP Loan Application
  6. Steps to Apply For Npower GEEP Loan Application 2021

Now Trending

AVAILABLE CHEAP WEB HOSTING FOR YOU

3 Ways You Can Truly Afford to Buy a Home in Abuja

How to Avoid Feeling Tired After Eating

WHY DO I FEEL TIRED AFTER EATING

In order to understand the impact of the COVID – 19 pandemic on the lives and businesses of GEEP’s beneficiaries, 60 Decibels was commissioned to conduct a COVID-19 Impact Assessment Survey Exercise. The survey was rolled out in a series of 18 rounds of outbound phone surveys/interviews over 36 weeks (one round every two weeks) from August 2020 to May 2021. One of the key highlights from the survey saw 89% and 43% of GEEP customers report using savings and reduced investment respectively as their coping mechanism to weather the pandemic

 

Steps  To Apply For Npower GEEP Loan Application

It is so surprising that the federal government has promised a loan of N300,000 to Npower beneficiaries through the GEEP initiative. However, in today’s article, we will be discussing the process on how to apply for Npower GEEP Loan. read to the end!

GEEP Initiative and Its  Meaning 

The Government Enterprise & Empowerment Programme (GEEP) was launched in 2016 with the aim to offer interest and collateral-free credit to millions of Micro SMEs (MSMEs) operating at the bottom of the Nigerian economic pyramid. The program has leveraged 3 loan products, so far, to support small to medium-sized businesses: MarketMoni, TraderMoni, and FarmerMoni.

According to the Minister of finance, Zainab Ahmed, Npower beneficiaries will get a GEEP Loan to start a business so that they won’t go back to the street, so the GEEP Loan will serve as their existing package.

The Requirement to access GEEP Loan

  1. Applicants must have Bank Verification Number
  2. You must have a registered business with Corporate Affairs Commission (CAC)
  3. The application must belong to a credited market association
  4. An application must show interest marketmoni by submitting its information to BOI which should include a certificate of registration.
  5. If your association is eligible for marketmoni, an agent will be sent your group to capture your membership information.

 

The Requirements for Npower GEEP Loan Application

As Npower beneficiaries, the government has made it likely easy to access the loan without going through this process above. below are the process for a Npower beneficiary

  1. Your BVN
  2. NIN National Identification Number
  3. Psychometrics test. Npower beneficiaries are to undergo a psychometric test before they can request for the GEEP Loan.

Steps to Apply For Npower GEEP Loan Application 2021

  1. Visit the Npower Geep Portal
  2. Register on the portal and select programme of choice
  3. wait for further instructions from support team.

 

Dandison Anusionwu is a  sports analyst, researcher, passionate writer, content provider, inspired by the opportunity to learn more new things.

 

 

Spread the love

Leave a Reply

Your email address will not be published. Required fields are marked *

error: Content is protected !!