How to Apply for FarmerMoni Loan In 2022

Are you a farmer or ready to venture into farming business? Do you need the federal goverment interest-free loan to boost your agro-business? If ‘yes’, you are on the right page. In this post, you will learn how to apply for FarmerMoni loan, an initiative 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 scheme 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 without interest or collateral loan.

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;

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

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

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

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

  4. 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)

Source: Nyscinfo

Updated: January 28, 2022 — 12:59 pm

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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!

82 Comments

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  1. NAOMI DOONENGEN Ajo

    I need loan for the expansion of my soyabeans and Rice farming.

  2. I need 300000 to extend my poultry farm

  3. I need #300,000 to boom my poultry.

  4. Popoola Emmanuel Abidemi

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

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

  6. 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.

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

  8. Please I want the transfer too

  9. Fati Musa I am from Maiduguri need 300.000 local government baba am Farmer

  10. Musa usman zakari

    Hello sir,I really need these farmermoni loan to improve on my poultry and soya beens farm.How I wish I could get even more than the #300,000 approved by Federal government thank you.

  11. Fati Musa pls need your help I am Farmer from Maiduguri naira 300.000.

  12. Hadiza Musa I needs 200.000 am farmer need from Maiduguri borno 09020582221

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

  14. FATI Musa from Maiduguri (baba ) I need loan 300.000 naira only 08035508967

  15. Ahmed Mubarak Abdullahi

    I need 25000 to bost my farm

  16. Ahmed Mubarak Abdullahi

    May God help us

  17. I need loan for expansion of my rice farming

  18. I need #300,000 to expand my rice farm

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