Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,217,548 members, 8,034,604 topics. Date: Sunday, 22 December 2024 at 06:14 AM |
Nairaland Forum / Nairaland / General / Business / What You Should Know About Geep's Interest-free Loan (269 Views)
How A Free Loan Without Collateral Of N200,000 Saved My Business From Collapse / How To Apply For (GEEP) Market Money Online Via BOI Portal / Abia State Government To Disburst Credit Facilities/loan To GEEP Beneficiaries (2) (3) (4)
(1) (Reply)
What You Should Know About Geep's Interest-free Loan by Tariqoboh: 4:37pm On May 10, 2022 |
One of the five NSIP programs is the Government Enterprise Empowerment Program (GEEP). GEEP was established in 2016 with the goal of providing interest-free and collateral-free lending to Nigeria's millions of Micro Small and Medium Enterprises (MSMEs). So far, the initiative has used three loan products to help small and medium-sized businesses. The program's current loan products are MarketMoni, TraderMoni, and FarmerMoni. 1. MarketMoni: MarketMoni was GEEP's initial loan product. It's a 6-month interest-free loan for small businesses under the aegis of their cooperative societies or market organizations, starting at N50,000 ($139). This loan product has aided small business owners in expanding their operations while providing a convenient repayment schedule. 2. TraderMoni: This is GEEP's entry-level lending product. It's a 6-month interest-free loan for modest traders and artists, starting at N10,000 ($28). This loan is for the everyday market trader who makes a living off of what they sell on a daily basis and has a product inventory of N2,000 to N5,000. This loan gives them a systematic strategy to increase their inventory while repaying the debt right away. The majority of those who benefit from this loan are first-time borrowers from a formal financial institution. Read more..https://digitalskil.com/what-you-should-know-about-geeps-interest-free-loan/ |
(1) (Reply)
Today ,1 USD Equal 601 Nigerian Naira / With This, It's Bye-bye To Poverty / KYC And Company Documents
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |