How To Apply For Npower GEEP Loan (Easy steps)

The Federal Government has promised to offer an interest-free loan of up to N300,000 to N-power beneficiaries through GEEP initiative. In this post, we will show you how to apply for Npower GEEP loan in 2020.

This loan is for the outgoing N-power Batch A and B beneficiary. However, if you are not a Npower beneficiary, you can check our previous article on how to apply for GEEP loan open to everybody.

GEEP means Government Enterprise and Empowerment Program. It is a Federal Govt initiative to fund Micro, Small and Medium scale businesses in Nigeria.

What is Npower GEEP loan?

N-power GEEP loan is a free-interest loan given to outgoing N-power beneficiaries to enable them to start up a business or fund existing businesses. The N-power GEEP loan will help the outgoing Batch A and B N-power beneficiaries to start up Micro, Small or Medium scale business.

According to Minister of Finance, Zainab Ahmed, N-Power beneficiaries will get GEEP Loan so they won’t go back to the street. So, GEEP loan will serve as their exit package.

To get GEEP loan through N-power, a beneficiary ought to pass a psychometric test. See N-power psychometric test past questions and answers.

SEE ALSO:  How To Access CBN MSMEDF Loan 2020 (step-by-step)

Requirements to access GEEP loan

  1. Applicants must have Bank Verification Number (BVN). If you have forgotten your BVN, see USSD code to check your BVN using any mobile phone.

  2. Must have a registered business with Cooperate Affairs Commission (CAC).

  3. Applicant must belong to an accredited market association

  4. Association must show interest in marketmoni by submitting its information to BOI which should include Certificate of registration.

  5. If your association is eligible for marketmoni, an agent will be sent to your group to capture your membership information for assessment.

Requirements for N-power GEEP loan

Government is likely to make it easier for N-power beneficiaries, so below are Npower requirements for GEEP loan;

  1. Bank Verification Number (BVN)

  2. National Identity Number (NIN). See how to check your NIN using a mobile phone.

  3. Psychometric test. Npower beneficiaries are to undergo psychometric test before the loan will be given to them.

How to apply for Npower GEEP loan

  1. To get started, visit npvn.npower.gov.ng

  2. Select program if your choice

  3. Wait for further instructions from support team

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How To Access CBN MSMEDF Loan 2020 (step-by-step)

Updated: September 21, 2020 — 5:21 am

The Author

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!

14 Comments

Add a Comment
  1. May Allah help us in our life

  2. We are waiting for the sucsess

  3. Sammah aristakus Lawrence

    When ever the loan is ready then they should inform me

  4. alamu oluwatoyin busola

    Pls notify me when the test and the loan is read am interested in it

  5. I’m a man that have been applying different things with out win

  6. if the geep loan is real then an also interested but an not aware of the date for test notify me pls

  7. Pleases notify me which day do you shortlist the npower Bach c

  8. Hello nyscinfo, have they started applying for the npower GEEP LOAN?

    I will be very glad for your response.

    Thanks.

  9. Lawal Osseinat Kehinde

    Please notify me about the loan and the test. I really need it to survive.Thanks

  10. Abba muhammad

  11. I seriously need that GEEP loan oooo!!!! pls notify me about the date of the test

  12. When is the GEEP will be giving

  13. Sincerely speaking I can’t to see this loan materialised so that we can end monthly stipend of 30k and focus on creating and building a sustainable business and future..to me 300/500k and above would make a sense and boost our economy and security in a long run. Waiting for our able president and minister to take the right decision that will safeguard our (N power) future and that of Nigeria at large.

  14. please notify me about npower test date
    thanks.
    best regard.

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