How To Apply For FarmerMoni Loan 2020 – Federal Govt Initiative

Are you are a farmer? Do you need interest-free loan to boost your farming business? If ‘yes’, you are on the right page as we will show you how to apply for FarmerMoni loan of the Federal Government.

FarmerMoni is a federal government loan initiative under the Government Enterprise and Empowerment Programme (GEEP), aimed at funding farming related businesses across Nigeria. This government loan initiative is open to farmers in all the 36 states in Nigeria including FCT, and you can easily submit your application online.

FarmerMoni loan is repayable over a period of six (6) months. The scheme enable beneficiaries to access higher amount up to N300,000. This is a no interest and no collateral loan.

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Requirements to register FarmerMoni Loan in Nigeria

Below are requirements to access for FarmerMoni loan;

  • Applicants must be a Nigerian
  • Must be eighteen (18) years and above
  • Applicants must have a Bank Verification Number (BVN) and a savings account.
  • Must be a member of any approved corporative group. The group must be registered with Cooperate Affairs Commission (CAC)
  • Applicants must have a valid means of identification such as National Identity Number (NIN) or voter’s card. See how to check your NIN with your mobile phone.

How to Register/Apply for FarmerMoni Loan

Follow the steps below to register for farmer money loan;

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  1. Visit bank of industry official website at https://www.boi.ng/apply

  2. Click on ‘Register’, and enter your information

  3. A verification link will be sent to your email address

  4. Check your email inbox, and click on the verification link

  5. Login to complete the application form.

After submitting your application, the loan is paid within 48 hours to a mobile wallet account which can be cashed out.

Divisions of GEEP loan initiative

Below are other federal government loan schemes you can apply under the Government Enterprise and Empowerment Programme (GEEP)

SEE ALSO:  How To Access Loan From CBN In Nigeria (2020)

Updated: July 21, 2020 — 10:00 am

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Humphery

Humphery is a seasoned internet entrepreneur and a life coach. He has been the Nyscinfo ambassador since 2017. He is knowledgeable enough to guide you. Keep following this website for updates, we love you!

18 Comments

Add a Comment
  1. Bros give us direct link,nor dey beat around d bush.

  2. Muhammad Sani Muhammad

    Thanks for your help and i need to apply it

    1. I want to apply how I do it?

  3. I want to apply

  4. Abubakar ibn othman

    Interested

  5. Afolabi Akinkuehrn

    Contact Smart communication for your loan and grant opportunities. Long on to http://www.smart communications.org.ng

  6. Ideed to applying this program

  7. Daniel Ibrahim Shepe

    I’m interested but I can’t find the place to register

  8. Oliver kalu iroha

    I’m interested in this program how can I apply for the loan

  9. How to apply for the loan is my problem

    1. To apply for the loan sir

  10. How do I apply for National housing loan

  11. muhammed Rabil muhammed

    ineed helf

  12. Pls how to apply

    1. Good morning sir

  13. May God bless our developed country Nigeria and protect us from any violence and Crisis

  14. Iliya Musa Adawara

    I Iliya Musa Adawara from Gwoza local gov. Borno state residing nasarawa state. As a farmer, I have to look for the loan for farming from government for assistance thanks.

  15. how im kamisu to apply this loan please

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