The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has disclosed its arrangement for the 2022 GEEP Loan Programme nicknamed GEEP 2.0.
The Minister, Sadiya Umar Farouk, at the opening of a three-day Advance Training on Digitization and Registration for Programme Managers & Master Trainers of the Social Investment Programme on Monday, stated that Enumeration of Beneficiaries of the recently restructured Government Enterprise Empowerment Programme Initiative GEEP 2.0 begins May 12.
Farouk who was represented by the National Cordinator NSIP, Dr Umar Bindir noted that the aim of the three-day Advance Training on Digitization and Registration for Programme Managers & Master Trainers of the Social Investment Programme is to introduce digitization with modern software and working tools to the Programme Managers and Master Trainers.
The Minister explained that GEEP Loan has been restructured for digital compliance to enable trainers to align with the latest trends in modern technology. This she said is to fulfill President Muhammadu Buhari's desire to lift 100 million persons out of poverty.
"Poverty is an issue for our country and unfortunately, it is very high. We are on the GEEP level. We have Focal Persons of all the states and the National Orientation Agency also represented here. We want to have the first crack at trying to register and document all the beneficiaries in a seamless but transparent process. We must now learn that this pool of poor Nigerians need to be properly identified and documented", Farouk stated.
The Team Lead of GEEP, Zainab Musawa who presented an overview of the Advance Training on Digitization and Registration for Programme Managers and Master Trainers stated that the training will provide a comprehensIve framework for the enhancement of the beneficiaries registration processes and implementation of digital transformation of the programme delivery throughout the GEEP 2.0 lifespan.
"While significant progress has been made regarding implementation, the Ministry has been stringent in enhancing a programme design to have a better delivery to the communities in need. The Ministry has been cognizant of the importance of digital processes for effective delivery results and as such, is proud to announce the digitization of the GEEP 2.0 processes and enhanced registration policies in efforts towards mandate achievement", stated Zainab.
GEEP Loan Disbursement Date
According the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, Enumeration for the 2022 GEEP Loan Programme begins May 12, 2022.
Disbursement of the GEEP Loan (GEEP 2.0 Loan) to the Beneficiaries begins immediately after the Enumeration, the Ministry stated.
More Information about 2022 GEEP Loan Programme
GEEP 2.0, according to the Ministry, is a loan scheme designed by the Federal Government to provide financial inclusion and give credit access to poor and vulnerable individuals, including Persons With Disability and persons at the bottom of the economic pyramid who are engaged in small scale commercial activities under its three flagship schemes: MarketMoni, TraderMoni and FarmerMoni.
Read Also: NSIP: GEEP launches WhatsApp Platform, prepares for new enrolment
GEEP Loan is a soft interest-free loan that must be paid back within 9 months.
Tradermoni targets uplifting under-privileged and marginalized youths aged between 18-40 years in Nigeria by providing them with loans of N50,000 while MarketMoni targets under-privileged and marginalized women aged between 18-55 years like Widows, divorcees amongst other vulnerable groups.
The beneficiaries get interest-free loans of N50,000 payable within 6-9 months.
FarmerMoni is for Nigerian farmers aged between 18-55 years in rural areas that operate in the agricultural space. They are provided with loans of up to N300,000 for farming input. This scheme has 12 months including 3 months moratorium and 9 months repayment period.
GEEP Loan Application Portal 2022
The 2022 GEEP Loan Programme has no designated Application Portal.
Any Registration Portal or Registration Form named GEEP Loan Application Portal 2022 or GEEP Loan Registration Form 2022 is a fraud, does not emanate from the Ministry of Humanitarian Affairs, Disaster Management and Social Development and does not represent the interest of the ministry.
How to Apply for GEEP 2.0 Loan
Application for 2022 GEEP 2.0 Loan Programme is not done using any GEEP Loan Application Portal or GEEP Loan Registration Form as earlier stated.
GEEP 2.0 Loan Application 2022 is done through Enumeration exercises which are conducted by accredited Agents Trained by the Ministry of Humanitarian Affairs, Disaster Management and Social Development.
The GEEP 2.0 Loan Enumeration is a digitized data capturing which is enhanced through the use of modern software and working tools.
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