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FG Enlists 98000 Beneficiaries For GEEP 2.0

FG Enlists 98000 Beneficiaries For GEEP 2.0      The Federal Government has enrolled 98,000 beneficiaries in the GEEP Loan 2.0 Program.The Federal Government has engaged 98000 beneficiaries for the GEEP Loan 2.0 Program – Plans to carry out the Government Enterprise and Empowerment Programme (GEEP 2.0) in all 36 states and the Federal Capital Territory have been finalized by the Ministry of Humanitarian Affairs, Disaster Management, and Social Development. geep 2.0,

This follows the completion of the final verification of Phase 1 candidates who qualified and were selected to receive small loans ranging from N50,000 to N300,000 as a result of their qualifications.

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FG Enlists 98000 Beneficiaries For GEEP 2.0

 

All GEEP 2.0 beneficiaries will receive congratulations and sensitization text messages in the coming days, according to the Minister Sadiya Umar Farougq. The texts will tell them of their qualifying and reiterate that the empowerment program is a loan, not a grant.

 

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GEEP No-Interest Loan: What You Need To Know

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.

The 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.

 

 

 

 

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Tradermoni targets uplifting under-privileged and marginalized youths aged between 18-40 years in Nigeria by providing them with loans of N50,000 while 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. geep 2.0 loan application portal,

You may want to also check GEEP 2-0 – Chances Of Exited Npower Volunteers Benefiting

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.  FG Enlists 98000 Beneficiaries For GEEP 2.0 https://www.growthplatform.me/   

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