Update: Market Moni, Trader Moni and Farmer Moni to commence disbursement as FG partners Access Bank

Before now if you could recall how we revealed to you about a month prior that FG Engages 98,000 Beneficiaries For GEEP Loan 2.0 Program.

The Federal Government in partnership with Access Bank has completed arrangements to commence disbursement of the Government Enterprise and Empowerment Program 2.0 (GEEP 2.0) in all of the 36 states and the Federal Capital Territory.

The press release states that all certified beneficiaries will rapidly acknowledge or accept their loan offers before disbursement.

The Ministry of Humanitarian Affairs is arranging a countrywide arrangement of the drive, trailed by a proof work to gather members’ bio-data.

Access Bank account  will be opened for all beneficiaries for the disbursement and repayment of the credit as a component of the Government Enterprise and Empowerment Business Program GEEP 2.0 advance.

GEEP is a credit with no interest that should be repaid in 6 months or less.

Under its three lead plans: Market Moni, TraderMoni, and FarmerMoni, the Federal Government expects to give financial and credit admittance to poor and frail individuals and those with inabilities whose financial class can be traced at the lower part of the monetary pyramid.

After a short time, effective or successful GEEP 2.0 applicants will get notifications and alert texts reminding them about their loan and also informing them that the money given is loan and not an award or grant.

Before disbursement of the GEEP loan, shortlisted applicants are advised to finish up their accounts documentation processes with the Access Bank.