Iyaloja Monie Scheme: Registration and How to Apply

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If you want to secure an interest free loan of N50,000 through the Government Enterprise and Empowerment Programme (GEEP) Iyaloja Market fund, then read this!

The scheme which aimed at benefiting 1.5 million recipients nationwide, is an excellent chance for market traders to grow their businesses. Here’s how to navigate the registration process step-by-step.

What ia GEEP Iyaloja Market fund Scheme

The GEEP initiative, spearheaded by the Honourable Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, aims to empower market traders across Nigeria. This program, also known as lyaloja, targets phase 1 market traders from 109 markets across all Senatorial zones, offering non-interest loans of N50,000.

Initiating the Application Process

To access this loan, the process begins with NSIPA or NASSCO Enumerators visiting markets to capture traders who stand to benefit from this financial support.

If you have a BVN and belong to an accredited market association or cooperative registered either in your State or with the CAC, encourage your association to express interest in MarketMoni by submitting relevant information to the NSIP assigned State Focal Person.

Apply Here

Verification and Loan Assessment

Upon qualification, a MarketMoni agent will promptly visit your association or cooperative to verify and capture the necessary member information for loan assessment. Once captured as beneficiaries, the N50,000 loan will be transferred directly to their wallets or bank accounts, with a repayment period of 6 months.

Responsible Loan Utilization

Beneficiaries are strongly advised to strategize and invest the funds wisely. Remember, this interest-free loan is a valuable opportunity, and responsible utilization can greatly impact the growth of your business.

Further Information and Contacts

For those seeking additional information or inquiries, contacting your NSIP State focal person is recommended. They can provide further guidance and clarification on the application process.

Seize this chance to elevate your market trading business with the GEEP IYALOJA Market-Moni Scheme! With its non-interest loans and an aim to empower market traders nationwide, this opportunity could be the stepping stone to scaling up your business.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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