How to Apply for FarmerMoni Loan In Nigeria

By /

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

https://www.boi.ng/apply/.

  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

87 thoughts on “How to Apply for FarmerMoni Loan In Nigeria”

  3. Ibrahim yau

    I’m Ibrahim you I want this loan for boosting my business and helf others Ibrahim you from ungogo local government kano state

  5. Iliyasu abdullahi

    I wanted gov’t to me with capital to improve my business which I loss during covid-19 pandamic I apply this Application in good faith

  18. Nasiru nuhu

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

  19. 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.

Comments are closed.

Scroll to Top