FG Commences Loan Disbursement (Trader Moni, Market Moni, Farmer Moni). Looking for a loan? The Federal Government of Nigeria is now set for disbursement as disbursement process has commenced. Did you apply for the FG loan? Here is all you need to know about the disbursement. See details below.
FG Commences Loan Disbursement (Trader Moni, Market Moni, Farmer Moni) – The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, who launched the national phase of the programme in Katsina State, said the programme would be replicated in all the states of the federation.
The minister said with the rollout of the programme, disbursement of loans would begin in all the states of the federation.
The GEEP programme is categorised into three:
TraderMoni loan of N50,000 targeted at uplifting the underprivileged and marginalised youths between the ages of 18 and 40 years;
MarketMoni loan, also N50,000, for the underprivileged and marginalised women, like widows, divorcees, and other vulnerable groups.
For more information about MarketMoni visit here
FarmerMoni loan, which is between N50,000 and N300,000 designed for small scale farmers in the communities to improve their agricultural productivity and inclusion in commercial farming.
FarmerMoni is a Government Enterprise and Empowerment Programme (GEEP) Initiative created to boost the Nigerian economy through leverage and access to finance for farmers.
FarmerMoni is designed to help petty traders expand their trade through the provision of collateral free loans. The loans are repayable over a period of six months.
For more information visit FG Loan website