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GEEP Loan Registration -How to Register/Apply for MarketMoni Loan GEEP initiative programme 2018/2019

GEEP Loan Registration -How to Register/Apply for MarketMoni Loan GEEP initiative programme 2018/2019: Do you know there exist numerous loans you can apply for as Government has roll out some of these loans as you can apply for them free of charge. Government of Nigeria to give out loans, such as; Market Moni and Farmer Moni. All these loan packages are initiated by GEEP (Government Enterprise and Empowerment Programme). Market Moni loans starts from 50,000 upwards. Read more below to apply.

GEEP Loan Registration -How to Register/Apply for MarketMoni Loan GEEP initiative programme 2018/2019

About Market Moni

MarketMoni is a Government Enterprise and Empowerment Programme (GEEP) created to provide financial aid for the under-banked and unbanked. This objective is being achieved by providing easy and quick loans at no interest rate besides a five per cent (5%) administrative fee

Divisions of GEEP Initiative

GEEP (Government Enterprise and Empowerment Programme) is divided into:

Farmer Moni – Loans start from N300,000

Market Moni – Loans start from N50,000

Trader Moni – Loans start from N10,000

What you need to know to access a MarketMoni loan

  • First, you must have a BVN
  • Next, you must belong to an accredited market association or cooperative registered in your state or with the CAC.
  • Third, your association or cooperative must indicate its interest in MarketMoni by submitting its information to BOI including its certificate of registration. You may either visit www.boi.ng/marketreg, call 0700-CALL-BOI (which is 0700-225-5264), visit any BOI office in the country, or go through your assigned State Focal Person to register your cooperative’s interest in MarketMoni.
  • If your association or cooperative qualifies, a MarketMoni agent would be sent to your group promptly to capture your members for loan assessment.

Note: Qualified registrants to MarketMoni will receive an electronic loan offer on your mobile device after which you receive loan disbursement in a matter of days!

General Requirements/Eligibility to register or apply for Market Moni Loan

  • 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

HOW MARKET MONI LOAN WORKS

ASSOCIATION LEGAL REGISTRATION

Confirm from your association, cooperative or trade group leadership that they are registered at the State or National (CAC) level

ASSOCIATION ACCREDITATION

Get your association, cooperative or trade group to register for BOI accreditation on www.boi.ng/marketreg

ACCREDITATION VALIDATION

Your association, cooperative or trade group should send an email to BOI at GEEP-States@boi.ng to confirm the completion of steps 1 and 2 above and include a copy of the group’s State/National registration certificate.

BENEFICIARY REGISTRATION

BOI will engage with your association, cooperative or trade group to validate registration. MarketMoni agents will, thereafter, visit your group to register you for loan consideration

Market Moni Agent Network per state

To locate or meet Market Moni agents of your area, locality or state in Nigeria including FCT Abuja, visit http://marketmoni.com.ng/agent-network/

How to become Market Moni Agent

All interested persons who wish to become Market Moni Agent can apply through Trader Moni Directors in-charge of their state OR Locate an existing to give you guide on how to go about the agent registration process

You can also meet the existing Trader Moni agents for further enquiries and guidance on how to apply successfully

How to register/apply or access/use GEEP Market Moni Application Portal

  • Download the MOU Template (one per co-operative). Click Here
  • Download the Excel Sheet (one per co-operative) to provide your members’ details Click Here
  • Fill the MOU template and Excel sheet carefully with the right information.
  • Come back to this page and submit your MOU and Excel sheet via http://apply.marketmoni.com.ng/app

How to Register/Apply  GEEP Loan Registration 2018/2019

 

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