How to Apply for FarmerMoni Loan In Nigeria

January 28, 2022 NYSC Finance 87

How To Apply For FarmerMoni Loan

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

26 Comments

  2. I am a farmer in Delta State,udu local government,of nigeria.i need a Laon to help sustain my fishing farm.thanksin anticipation.

  3. I wish to be among the luckiest peoples whose will be granted opportunity to built the Economic of this Nation through farming

  4. Good evening sir, please I need a loan of#300000 to enable me improve my farm work.

  5. I need as loan for my farm I am lacking of cash at hand pls I need two hundred thousand

  7. Good morning sir, please we are farmers but we have not CAC registration number. We need your assistant in this regard please.

    • Good day
      I wish to be among the luckiest peoples whose will be granted opportunity to built the Economic of this Nation through farming

      • Good morning I am Haruna Umar, I need a loan to improve my farming activity please and I have all the requirements, how can I apply

  15. I am Abubakar Abubakar Usman from ungogo local government of kano state I really want this loan to improve my farming condition

Comments are closed.