GEEP Loan – Everything You Need to Know and How to Apply for It

Last Updated on Dec 11th, 2023

Elizabeth Ifeoluwa

The Government Enterprise & Empowerment Programme (GEEP) started in 2016 as a funding scheme. The goal is to give interest-free, collateral-free loans to Micro SMEs (MSMEs) that need them. The government owns it, while Soko loans’ USSD code is privately owned.

The Nigerian government launched GEEP to help individuals and entrepreneurs in Nigeria. Hence, all Nigerian citizens can apply for this loan.

What Are the Loan Categories of GEEP?

To help grow businesses, the GEEP funding scheme is divided into 3 categories. They include:

1. Trader Moni

This category is for small business owners who need money to expand their businesses. Fruit sellers and small-scale shop owners can apply for the Trader Moni loan.

2. Farmer Moni

Business owners that need loans under this category have to first register with the CAC (Corporate Affairs Commission).

3. Market Moni

This category is solely for agro-based business owners. Agri-business owners who require money to expand their businesses can apply for the Market Moni category.

Check out: EaseMoni – A quick way to borrow instant loans

How to Apply for the GEEP Loan?

To apply for a loan from GEEP, follow these guidelines:

1. Go to the official GEEP Registration Portal www.growthplatform.me.

2. Next, go to the GEEP Link (if the portal is open, you should see a link).

3. Thereafter, click the link and go through the guidelines carefully. Click on “Application” once you’re done with this.

4. When you are ready to apply physically, just go to the National Orientation Agency in the state you live in.

What is the Maximum Loan Amount for a GEEP loan?

For the GEEP loan, the maximum loan amount you can apply for is N300,000. On the other hand, you can apply for a minimum amount of N10,000.

These loans are primarily interest-free and do not require any collateral. Also, you can decide to collect either short-term or long-term loans. If you own a small or medium-sized business, take advantage of this chance to apply for the GEEP loan.

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What Documents Do I Need to Obtain a Geep Loan?

Here are some important documents you need:

1. BVN

2. Local Govt of Origin Certificate

3. Passport Photographs

4. CAC Certificate for businesses eligible

5. A Valid National ID

How can I contact GEEP?

Here are some ways you can reach GEEP loan:

Address: BOI House Plot 256, Zone A O Off, Herbert Macaulay Way, Abuja OR 23 Marina Street, Lagos.

Phone Number: +234 700 6275 386, +234 700 1000 200

Website: www.growthplatform.me

Email Address: ask@growthplatform.tech

Conclusion

The GEEP loan is a funding scheme set in place by the Federal Government of Nigeria. Basically, the purpose of this scheme is to offer collateral and interest-free loans to small-scale entrepreneurs. GEEP is a welcomed idea that favours every Nigerian who wants to go into business.

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