Remember how we told you a few weeks ago that FG Engages 98000 Beneficiaries For GEEP Loan 2.0 Program? The federal government is collaborating with Access Bank to implement the Government Enterprise and Empowerment Program 2.0 (GEEP 2.0) in all 36 states and the Federal Capital Territory.
What to Expect Before GEEP 2.0 Payments Start
The Ministry of Humanitarian Affairs is planning a nationwide deployment of the initiative, followed by an identification effort to collect participants’ biodata.
After being fully identified, all qualified recipients will quickly accept their dispensing cautions.
GEEP is a loan with no interest that must be paid back within 9 months.
Special records will be opened for all recipients for the payment of the credit as part of the Government Enterprise and Empowerment Business Program GEEP 2.0 loan.
Before dispensing, all receivers must complete the real count at their various local governments and an Access Bank record opening type.
Before long, successful GEEP 2.0 users will receive gratis and sharpening instant messages informing them about their capability and reiterating that the strengthening program is a credit, not a grant.
Under its three lead plans: Market Moni, TraderMoni, and FarmerMoni, the Federal Government intends to provide monetary consideration and credit access to poor and weak people, including people with disabilities and people at the bottom of the financial pyramid who are engaged in limited-scope business activities.
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Source: Nyscinfo
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