Federal Government through the Ministry of Humanitarian Affairs, Disaster Management and Social Development has released 98000 Beneficiaries for GEEP Loan 2.0 Programme Payments. See how to check list here.
Can you remember GEEP Loan 2.0 Programme Application? Were you able to apply for Government Enterprise and Empowerment Programme (GEEP) 2.0, if yes, there good update that will gladden your heart.
This post contains about how to check 98000 Beneficiaries List for GEEP Loan 2.0 Programme Payments, and links for fresh application.
This follows the final verification of Phase 1 applicants who qualified and were selected to benefit from small loans ranging from N50,000 to N300,000.
The Minister Sadiya Umar Farougq said that all beneficiaries of GEEP 2.0 shall receive congratulatory and sensitization text messages in the coming days informing them of their qualification and re-emphasis that the empowerment program is a loan and nota grant.
All qualified beneficiaries will soon receive their disbursement alerts. We wish to remind all qualified beneficiaries that this is a loan payable without interest. It is not a grant or a government windfall. It is a soft interest-free loan that must be paid back within 9 months.
Minister Umar Farouq also announced that the Ministry is planning a rollout of the program nationwide, after which an enumeration exercise to capture beneficiaries’ biodata. will exercise to capture beneficiaries’ biodata, will take place.
GEEP 2.0 Loan Scheme 2022/2023
The Government Enterprise and Empowerment Programme (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, including Persons With Disability and persons at the bottom of the economic pyramid who are engaged in small scale commercial activities under its three flagship schemes: MarketMoni, TraderMoni and FarmerMoni.
Tradermoni targets uplifting under-privileged and marginalized youths aged between 18-40 years in Nigeria by providing them with loans of N50,000. Read more here
MarketMoni targets under-privileged and marginalized women aged between 18-55 years like Widows, divorcees amongst other vulnerable groups. They get interest-free loans of N50,000 payable within 6-9 months. Read more here
FarmerMoni is for Nigerian farmers aged between 18-55 years in rural areas that operate in the agricultural space. They are provided with loans of up to N300,000 for farming input. This scheme has 12 months including 3 months moratorium and 9 months repayment period. Read more here.
How to check GEEP Loan Shortlisted Beneficiaries for Payment
All beneficiaries of GEEP 2.0 shall receive congratulatory and sensitization text messages in the coming days informing them of their qualification and re-emphasis that the empowerment program is aloan and nota grant.