News Update: FG GEEP Loan 2.0 Shortlists 98000 List of Shortlisted Candidates for Payment /Disbursement
This article is to inform the general public that Federal Government has released the list of 98,000 full shortlisted candidates for GEEP Loan 2.0 Payment or Disbursement. All that applied for FG GEEP Loan across the 36 states and the FCT Abuja in Nigeria should be expecting the Loan payment.
News Update: FG GEEP Loan 2.0 Shortlists 98000 List of Shortlisted Candidates for Payment /Disbursement
The Ministry of Humanitarian Affairs, Disaster Management, and Social Development have concluded plans to roll out the Government Enterprise and Empowerment Programme GEEP 2.0 in all 36 states and the Federal Capital Territory.
How much will successful beneficiaries be paid for GEEP Loan 2.0
This follows the final verification of Phase 1 applicants who qualified and were selected to benefit from small loans ranging from N50,000 to N300,000.
How to know if you are among the list of shortlisted candidates for FG GEEP Loan 2.0
The Minister Sadiya Umar Farougq said that all beneficiaries of GEEP 2.0 shall receive congratulatory and sensitization text messages in the coming days informing them of their qualification and re-emphasis that the empowerment program is a loan and not a grant.
Read: How to apply for FG GEEP Loan 2.0 2022 Here – Click Here
When will Shortlisted Candidates for FG GEEP Loan 2.0 start receiving their Loan Payment
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. The loan will be paid from April 12 through 30th, 2022.
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 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.
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 underprivileged and marginalized women aged between 18-55 years like Widows, and divorcees amongst other vulnerable groups. They get interest-free loans of N50,000 payable within 6-9 months.
Read: Click Here to Apply for TraderMoni Loan 2022
Read: Click Here to Apply for Market Moni 2022
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.
Recommended: Click Here to Apply for FarmerMoni 2022
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