GEEP
Government Enterprise and Empowerment Programme

GEEP

A program where loans of between 50,000 naira and 300,000 thousand naira are given to women under the marketmoni program, farmers under the farmermoni program, and enterprising youth under the tradermoni program.


All about GEEP
Government Enterprise and Empowerment Programme (GEEP) is one of the National Social Investment Programmes designed to give access to credit to poor and vulnerable people who are at the bottom of the economic pyramid including persons with disability.

The target beneficiaries are people already engaged in business enterprises such as traders, artisans, enterprising youths, farmers, agricultural workers, and other categories of Micro, Small, and Medium Enterprises (MSMEs). The goal is to eradicate poverty, generate employment, and develop MSMEs throughout the nation.

How we make an Impact

Trader Moni

TraderMoni (for youths) is an empowerment scheme designed to uplift underprivileged, under-served, and marginalised youths (18 – 40 years) in Nigeria from poverty.

This scheme is targeted specifically at empowering youths that have not had the right to education, orphans, and youths with disability. However, to be eligible for collateral and interest-free loans of N50,000, these youths must have some entrepreneurial skills e.g., artisans, artists, tailors, craftsmen/craftswomen, amongst other identified vulnerable groups. The loan has a moratorium period of three (3) months and tenure of six (6) months.

Market Moni

(for women) is an empowerment programme specifically for underprivileged and marginalized women (18 – 55 years) in our society. For the Ministry to meet its goal of helping uplift 100 million people out of poverty, the upliftment of women will significantly advance the achievement of that goal.

This scheme is targeted at women in female-headed households e.g., widows, divorcees amongst other vulnerable groups with interest and collateral-free loans of N50,000. The loan has a moratorium period of three (3) months and tenure of six (6) months.

Market Moni

(for women) is an empowerment programme specifically for underprivileged and marginalized women (18 – 55 years) in our society. For the Ministry to meet its goal of helping uplift 100 million people out of poverty, the upliftment of women will significantly advance the achievement of that goal.

This scheme is targeted at women in female-headed households e.g., widows, divorcees amongst other vulnerable groups with interest and collateral-free loans of N50,000. The loan has a moratorium period of three (3) months and tenure of six (6) months.

Farmer Moni

(for rural farmers) is an empowerment programme for Nigerian farmers (18 – 55 years) mostly in rural areas that operate in the agricultural space (farmers and agricultural workers). 

The GEEP 2.0 Farmer Moni programme focuses on agro-preneurship, whereby FMHADMSD through the Bank will provide the complete value-chain of agriculture to the beneficiaries of Farmer Moni with interest and collateral-free loans of up to N300,000. The loan has a moratorium period of nine (9) months and tenure of three (3) months. 

This has the potential to generate growth, diversify income, and provide widespread employment and entrepreneurial opportunities for targeted farmers in rural areas.

Farmer Moni collaborative partnerships include;
1. FMARD
2. Agricultural Research Institutes
3. ADP (Agricultural Development Programme)

Our Vision

To create sustainable and inclusive social systems that promote Human dignity in Nigeria “GEEP targets to empower 20 million people by 2030”

Objectives
  1. Poverty alleviation
  2. Easy access to credit: where beneficiaries can get loans without collateral
  3. Financial Inclusion: This is the onboarding of beneficiaries into the formal financial sector by opening accounts for them to facilitate access to loans and other financial services.
How to benefit

All poor and vulnerable Nigerians are eligible for GEEP loans. The only requirement needed for the loans is possession of a National Identification Number (NIN). All interested applicants can register for any of the GEEP loan schemes by appearing physically at the GEEP desk offices located in all the 774 LGAs nationwide to register for the loans. Prospects can register by providing their names, phone numbers, marital status, parental status (whether orphaned or not), disability status, type of trade or farming, gender, NIN, etc.

FAQ

Here are answers to some questions you may have about GEEP

What does a moratorium period mean?

A moratorium period is a period or time frame during a loan where a borrower is not supposed to make any repayment.

What does tenure mean?

Loan tenure is the total amount of time over which you spread your loan repayment. It is the amount of time you are required to pay off the money you borrowed

How much is the registration fee?

Registration is free

What are the requirements for registration?

Valid NIN only

Do I need to have a BVN and/or account number to register?

No. No one will ask for your bank details

Can a civil/public servant apply for the GEEP loans?

No. The loans are meant for poor and vulnerable people who have some entrepreneurial skills, not those who are gainfully employed.

Our Partners

To successfully implement the GEEP, the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development FMHADMSD have collaborative partnerships with several organisations both public and private including the Ministry of Agriculture and other government agencies.

National Orientation Agency, NOA: The FMHADMSD has engaged the NOA’s – Community Orientation and Mobilisation Officers (COMOs) as GEEP desk officers saddled with the responsibility of registering potential beneficiaries for the GEEP loans in all 774 LGAs nationwide.

Access Bank PLC: is a CBN licensed financial institution engaged by the Ministry to open accounts, disburse loans, collect repayments, and send reports.

Federal Ministry of Agriculture and Rural Development, FMARD: Collaborative partnership for the implementation of the entire value chain of the FarmerMoni scheme including the provision of input supplies, mechanisation, and insurance.