Market Moni: You might have heard about federal government social intervention programme called marketmoni or might be looking for where to borrow without interest.
We have good news for you. Relax and read all you need to know about the Government Enterprise and Empowerment programme (GEEP).
Market Moni was created to provide financial assistance to the under-banked. With this programme, you can get an interest free loan from the federal government.
You can get a loan from 10,000 to 100,000 naira and repay weekly. When you obtain the loan, you will have to pay back weekly for 6 months.
At the end of the 6 months, you will have a grace period of 2 weeks to pay up.
Requirements to Apply for GEEP Market Money Loan
Before applying, you must note the following conditions
- You can only apply as a group of accredited market association or registered cooperative
- Also, you must have a bank verification number
- Your association or cooperative will have to submit their details to bank of industry (BOI). They should include the registration certificate of the company.
- If your association or cooperative qualifies, a MarketMoni agent would be sent to your group promptly to capture your members for loan assessment.
How to Apply for Market Moni Interest Free Loan
To start the registration process, you need to first download Marketmoni registration form.
After filling the form, visit GEEP MarketMoni Application Portal: http://apply.marketmoni.com.ng
Download the MOU Template and the members Excel Sheet, fill them correctly before coming back to submit the application proper.
www.apply.marketmoni.com.ng/app is the validation app to start validation of members and registration proper.
As an npower beneficiary/volunteer, you can also apply for MarketMoni and get interest free loan to take care of your SMe.
If you have any question, do not hesitate to contact us.