The BOI GEEP Market Moni loan scheme is a Social Intervention Programme (SIP) of the Federal Government of Nigeria, executed by the Bank of Industry (BOI), a parastatal of the Federal Ministry of Industry, Trade and Investment. The interest-free loans range between N10,000 and N100,000 for owners of microenterprises.

It commenced in December 2016. So far, BOI has recorded thousands of beneficiaries, working through a network of over market moni 5,000 agents, in all states of the federation.

More about GEEP MarketMoni

GEEP MarketMoni directly impacts traders, market women, artisans, and farmers nationwide.

Beneficiaries typically belong to an accredited market association or cooperative group registered with their state’s Corporate Affairs Commission. They are required to own a bank account, a bank verification number and a mobile phone.

The loan, which only attracts a five per cent one-time administrative charge, is repayable within a period of six months, with two weeks grace period.

GEEP MarketMoni is the most ambitious microcredit scheme in the history of Nigeria, and the largest in Africa.

GEEP Market Moni Loan Requirements
You must belong to a registered and accredited market association, cooperative or trade group
You must have a valid BVN.
Your market association, cooperative or trade group must nominate you for a loan and must be willing to stand in as your guarantor.
Your market association, cooperative or trade group must be registered with BOI
You must have a business location which will be verified by MarketMoni agents.

More details on the link below:

https://jobreaders.org/geep-market-moni-loan-scheme-for-nigerians-application-and-requirements/