FG Iyaloja GEEP Loan Portal 2023/2024 is Out: Apply for Traders Market Moni Non-Interest Iyaloja Loan – This article is to guide you on the steps to register or apply for FG Iyaloja GEEP Loan using the portal provided below. Iyaloja Traders Market Moni Loan is a non-interest loan from FG to enable all benefit.
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The Federal Government launches the IYALOJA Loan Scheme in November 2023, an initiative aimed at supporting market traders across Nigeria. Under this program, 1.5 million Nigerians will be targeted for assistance. The first phase will provide non-interest loans of N50,000 to traders selected from 109 markets nationwide.
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Benefits of the IYALOJA/GEEP Loan Scheme
- Access to finance: The scheme provides petty traders with access to finance, which can be used to purchase inventory, expand their businesses, or hire additional staff.
- Financial inclusion: The scheme helps to promote financial inclusion by encouraging petty traders to open bank accounts and use formal financial services.
- Economic empowerment: The scheme helps to economically empower petty traders by providing them with the resources they need to grow their businesses and create jobs.
How to Apply for the IYALOJA GEEP Loan Scheme
The application process for the IYALOJA GEEP Loan Scheme is simple and straightforward. Petty traders can register for the scheme by visiting their local market and meeting with a Nassco enumerator.
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The enumerator will capture the trader’s information and open a savings account for them. Once the trader’s registration is complete, they will receive the N50,000 loan directly into their savings account.
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