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. 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.

  5. fati musa

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

  6. fati musa

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

  12. Orlu Tyove

    I am a Nigerian from Ukum Local Government of Benue State. I need a loan of N500,000 to boost my rice farming/processing. This if approved for me, will contribute in no small measure in enhancing my maize and rice production.

  16. Mustapha Aliyu Jibo

    Good morning sir I wish to be among the successful people that will get this amazing opportunity and benefit it .

  17. Oloruntoba Benson

    Good morning sir please i need the three hundred thousand naira loan for me to improve my farm God bless you sir

  19. Mm nazir

    Great initiative to helping poor farmers by the government… Thanks very much.

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