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How to Apply for FarmerMoni Loan In 2021

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Are you 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.

Requirements to register FarmerMoni loan in Nigeria

Below are requirements to access for FarmerMoni loan;

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  • 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;

  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.

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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)

79 Comments

79 Comments

  1. Popoola Emmanuel Abidemi

    July 21, 2021 at 10:16 am

    I am a palm tree Farmer and I need your help please from osun state

  2. Elisha Bulus

    July 21, 2021 at 9:30 am

    Sir I need your support up to 60000 for my farm business I hope my request will approve

  3. Kim Mark Chollom

    July 10, 2021 at 6:16 pm

    Mine is a personal loan to boost my pigery farm,#300,000 is what need for renovation of some rooms as well as purchase of some good breed.

  4. fati musa

    July 1, 2021 at 7:54 pm

    Fati Musa from Maiduguri (baga local government) pls I am farmer need your help for 300.000 naira only thanks

  5. olayinka Nath

    June 30, 2021 at 5:53 pm

    Please I want the transfer too

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