INTEREST FREE LOAN BY FEDERAL GOVERNMENT TO MICRO ENTERPRISES.

President Muhammadu Buhari disclosed that 264,269 loans have been disbursed to 4,822 Cooperative societies in 36 states and the FCT under the Government Enterprise Empowerment Programme (GEEP).

The President, who made the disclosure Tuesday morning in a broadcast to mark the 2018 Democracy Day and his administration’s third anniversary, added that another 370,635 beneficiaries were awaiting release of funds.

GEEP MarketMoni is a Federal Government Social Intervention Programme (SIP) that provides interest-free loans of N10,000 to N100,000 to microenterprises, the segments of society with the greatest difficulty accessing credit. The scheme, which is executed by BoI, a parastatal of the Federal Ministry of Industry, Trade and Investment, directly impacts traders, market women, artisans, and farmers nationwide.

To benefit from the scheme, applicants just need to apply through their registered Market Associations and Cooperatives, have a Bank Verification Number(BVN), and a mobile phone. The loans range from N10,000 to N100,000, and are expected to be repaid within a 6 months period without interest.

If paradventure applicant are into a business that is not under any registered association.

The new Ambassador for SME( small and medium enterprise) Miss Ikechukwu Blessing has contacted Vivian Anthony’s Blog on how  applicants can easily access this loan, which is through wealth creation business and entrepreneur center (an NGO) in partnership with  Nigeria Association of small industrialist.

To register for the loan,  email: wealthprincemagazine@gmail.com or blessingeliza@gmail.com or call:

07039774845 or 0703523114.

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