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GEEP

GEEP

About us

The Government Enterprise Empowerment Programme (GEEP) was launched in 2016 with the aim to offer interest and collateral free credit to the millions of Micro SMEs (MSMEs) operating at the bottom of the Nigerian economic pyramid. The program has leveraged on 3 loan products, so far, to support small to medium sized businesses. The programme’s current loan products are: MarketMoni, TraderMoni and FarmerMoni.

Our Impact
How GEEP Works

How GEEP Works

Enumeration

GEEP Agents are deployed to market clusters across Nigeria with mobile devices. Potential beneficiaries are registered at the point of their trade with several data points collected including face ID & GPS location. These data points are submitted to a central database where they will undergo verification.

Verification

Every successful data submission is categorized into batches of 10-20. Our fully maned call center goes through the process of calling a randomized batch of beneficiaries to verify the submitted information. Once verified, potential beneficiaries are ready for a disbursement into their mobile wallets.

Disbursement

Verified beneficiaries receive a text message on their phone, asking them to respond to a loan offer. Once they accept, their mobile wallet is funded with the loan amount. The beneficiaries can choose to transfer the money to their bank account or receive cash via an agent in their market.


Repayment

Every beneficiary has a 2 weeks moratorium period before they begin to repay their loan. Loan repayments range from a minimum of 3 months to a maximum of 6 months. Beneficiaries can repay at any bank or by using voucher cards. Once a beneficiary fully repays, they automatically qualify for a higher loan amount.
GEEP Process Video

GEEP Process Video

The Secret behind Africa's Largest MicroCredit Scheme [TraderMoni, MarketMoni, FarmerMoni]
FAQ’s

Frequently Asked Questions

  • What is GEEP?
    The Government Enterprise and Empowerment Programme (GEEP) is a social intervention program by the Federal Government of Nigeria to provide financial inclusion and access to micro-credit for Nigerians at the bottom of the economic pyramid. The program provides collateral & interest free loans between 10,000 – 350,000 Naira to traders, artisans and farmers across Nigeria. The program is executed by the Bank of Industry (BOI)
  • What are the GEEP loan products?
    GEEP currently has 3 loan products:
    • TraderMoni
    • MarketMoni
    • FarmerMoni
  • Who is eligible for a GEEP loan?
    Every trader, artisan & farmer in Nigeria is eligible for a GEEP loan. GEEP loans are designed to provide credit to small businesses with a convenient repayment period of 6 months..
  • How can I access a GEEP loan?
    Registrations are done by GEEP enumerators using a specialised app on smartphones or tablets only (no paper, no forms). The agents capture biodata, GPS location and facial IDs of the trader and their business. GEEP currently has over 4,000 agents in market clusters across Nigeria..
  • How is GEEP driving Financial Inclusion?
    Financial inclusion is about getting people to use financial services as a habit to enhance their lives. By doing this, they are building a track record that allows them access more financial services: take loans, save towards their goals, get insurance and other financial services. GEEP gives its beneficiaries a strong and immediate reason to be financially included (operating bank accounts or mobile wallets).