Steps on how to Register/Apply for MarketMoni Loan GEEP initiative programme
This article contains the steps on Market Moni Loan Registration: Apart from Trader Moni, there are other numerous packages from Federalo Government to give loans, such as; Market Moni and Farmer Moni. All these loan packages are initiated by GEEP (Government Enterprise and Empowerment Programme).
Steps on how to Register/Apply for MarketMoni Loan GEEP initiative programme
Market Moni loans start from 50,000 upwards. See the steps to apply for a Market Moni loan effectively below.
About Market Moni
MarketMoni is a Government Enterprise and Empowerment Programme (GEEP) created to provide financial aid for the under-banked and unbanked. This objective is being achieved by providing easy and quick loans at no interest rate besides a five per cent (5%) administrative fee
Divisions of GEEP Initiative
GEEP (Government Enterprise and Empowerment Programme) is divided into:
Farmer Moni – Loans start from N300,000
Market Moni – Loans start from N50,000
Trader Moni – Loans start from N10,000
What you need to know to access a MarketMoni loan
- First, you must have a BVN
- Next, you must belong to an accredited market association or cooperative registered in your state or with the CAC.
- Third, your association or cooperative must indicate its interest in MarketMoni by submitting its information to BOI including its certificate of registration. You may either visit www.boi.ng/marketreg, call 0700-CALL-BOI (which is 0700-225-5264), visit any BOI office in the country, or go through your assigned State Focal Person to register your cooperative’s interest in MarketMoni.
- If your association or cooperative qualifies, a MarketMoni agent would be sent to your group promptly to capture your members for loan assessment.
Note: Qualified registrants to MarketMoni will receive an electronic loan offer on your mobile device after which you receive loan disbursement in a matter of days!
General Requirements/Eligibility to register or apply for Market Moni Loan
- You must belong to a registered and accredited market association, cooperative or trade group
- You must have a valid BVN.
- Your market association, cooperative or trade group must nominate you for a loan and must be willing to stand in as your guarantor.
- Your market association, cooperative or trade group must be registered with BOI
- You must have a business location which will be verified by MarketMoni agents
To Register your Business name under CAC as cheap as N5,000 – Click Here
HOW MARKET MONI LOAN WORKS
ASSOCIATION LEGAL REGISTRATION
Confirm from your association, cooperative or trade group leadership that they are registered at the State or National (CAC) level
ASSOCIATION ACCREDITATION
Get your association, cooperative or trade group to register for BOI accreditation on www.boi.ng/marketreg
ACCREDITATION VALIDATION
Your association, cooperative or trade group should send an email to BOI at GEEP-States@boi.ng to confirm the completion of steps 1 and 2 above and include a copy of the group’s State/National registration certificate.
BENEFICIARY REGISTRATION
BOI will engage with your association, cooperative or trade group to validate registration. MarketMoni agents will, thereafter, visit your group to register you for loan consideration
Market Moni Agent Network per state
To locate or meet Market Moni agents of your area, locality or state in Nigeria including FCT Abuja, visit http://marketmoni.com.ng/agent-network/
How to become Market Moni Agent
All interested persons who wish to become Market Moni Agent can apply through Trader Moni Directors in-charge of their state OR Locate an existing to give you guide on how to go about the agent registration process
You can also meet the existing Trader Moni agents for further enquiries and guidance on how to apply successfully
How to register/apply or access/use GEEP Market Moni Application Portal
- Download the MOU Template (one per co-operative). Click Here
- Download the Excel Sheet (one per co-operative) to provide your members’ details Click Here
- Fill the MOU template and Excel sheet carefully with the right information.
- Come back to this page and submit your MOU and Excel sheet via http://apply.marketmoni.com.ng/app
Lists of 36 states in Nigeria where FG Market Moni will come aross
- Abia State Market Moni
- Adamawa State Market Moni
- Akwa-Ibom State Market Moni
- Anambra State Market Moni
- Bauchi State Market Moni
- Bayelsa State Market Moni
- Benue State Market Moni
- Borno State Market Moni
- Cross-River State Market Moni
- Delta State Market Moni
- Ebonyi State Market Moni
- Edo State Market Moni
- Ekiti State Market Moni
- Enugu State Market Moni
- Gombe State Market Moni
- Imo State Market Moni
- Jigawa State Market Moni
- Kaduna State Market Moni
- Kano State Market Moni
- Kastina State Market Moni
- Kebbi State Market Moni
- Kogi State Market Moni
- Kwara State Market Moni
- Lagos State Market Moni
- Nasarawa State Market Moni
- Niger State Market Moni
- Ogun State Market Moni
- Ondo State Market Moni
- Osun State Market Moni
- Oyo State Market Moni
- Plateau State Market Moni
- Rivers State Market Moni
- Sokoto State Market Moni
- Taraba State Market Moni
- Yobe State Market Moni
- Zamfara State Market Moni
- FCT Abuja Market Moni
Related Topics
How to register or apply for Trader Moni loan
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