How to Apply for FarmerMoni Loan In Nigeria

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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”

  2. Gilbert unugbaiku

    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. Kwarshed Sati

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

  4. Orka nongovkaa Daniel

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

  5. John Thomas nwizu

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

      1. Agee Fidelia Nguyilan

        Good afternoon sir, please I need a support of ₦200,000 for my farm

  7. Jana than Samuel Bagudu

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

  9. Isa Hussaini Yusuf

    Good morning all Nigeria and the other side of my favorite thing about me and my children

    1. Kwarshed Sati

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

      1. Haruna Umar

        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. Abubakar Abubakar Usman

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

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