Have you been looking for how to register or access IYALOJA Geep Loan Registration 2024/2025 Form Portal Login? Federal government 1.5M GEEP IYALOJA Market Trader Loan? If yes, please kindly follow the official step-by-step guide below.
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Get the latest information on how the IYALOJA Geep Loan Registration 2024/2025 exercise works and the process it takes to apply for a petty trader or an artisan loan through the official registration portal.
Iyaloja Monie Scheme Registration for this year is currently ongoing, as those who have not applied for the loan offer can do so before the portal closes. On the other hand, those who have applied and received would want to apply for more loans; kindly use the steps below to apply and get a higher loan via the Iyaloja Monie Scheme 2023 Registration Portal and Form.
This has always been a part of the Government Enterprise and Empowerment Programme (GEEP) scheme of the Federal Government, being executed and fulfilled by the Bank Of Industry (BOI) and a few other bodies.
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One amazing feature of the Iyaloja Monie Scheme Loan Programme is that loans are interest-free. No matter the amount you borrow, you will not be required to pay any interest on it. So, any profit you have made from the loan capital is for you and your family.
With the Iyaloja Monie Scheme, you can qualify for a loan of up to N10,000 for a start. Kindly note that this amount will increase if you pay back your outstanding loan within the stipulated time. After you borrow N10,000 and pay it back, you will be eligible to borrow N15,000. The chain continues to N20,000, N50,000 even up to N100,000.
Basically, all you have to do here is borrow and pay back on time. This will help your petty business grow better and faster without stressing you for interest. The Federal Government is doing all this to change your level as a petty trader or artisan.
Eligibility to apply for the Iyaloja Moni Loan 2024
The Iyaloja Moni Loan Programme is not applicable to every Nigerian Citizen. It is restricted to certain people, occupations, ages, income, etc. If you do not meet up all these requirements (excluding none), then you should not bother applying for the Trader Moni loan.
The eligibility for the IyalojaMoni Loan includes;
- Applicant must be at least 18 years of age
- He or she must be a citizen of the Federal Republic of Nigeria
- Applicant must have a valid means of identification to prove the previous point
- Applicant must be a petty trader or an artisan. Professionals who fall under this category include; Kiosk owners, food/foodstuff sellers, wheelbarrow pushers, mobile tailors, mobile cobblers, fruit sellers, Keke riders, vulcanizers, etc
- He or she must have a steady income to pay back the loan without interest
- Applicant must have a bank account and a BVN for the second loan. These two things are not needed for the initial N10,000 loan
- Applicant must have a phone and a registered phone number
Check Also; NG Cares 2024 Registration Portal Open for Nigerians – Apply Now
How to Access the Iyaloja Monie Scheme Portal
Note, that the IYALOJA Monie Scheme Loan is not accessible online and it also does not have an online registration portal at the moment. For you to be able to get the loan, all you have to do is to meet an Enumerator in your area.
The NASSCO or NSIPA Enumerators will also be going to the market where the traders are, to capture market men and women whose N50,000 loans would be very helpful in expanding their businesses.
Steps on How to Apply for FG 2024 IYALOJA Geep Loan Registration
There are two ways through which one can apply for Iyaloja Geep Loan. You can apply for Iyaloja Moni Federal Government (FG) Loan either online or offline
How to apply for an Iyaloja Geep Loan online
- Fill in your details correctly in the form and submit.
- Follow the directions given and collect your loan below on how to get your Iyaloja moni cash
How to Apply for Iyaloja Moni Loan Offline
- Visit the nearest agent in any of the 36 states across Nigeria (Click to see Iyaloja Loan Moni Agent Network)
- Iyaloja Moni agent will capture your details
- If you qualify, the Federal Government will send you a text message with a code you will dial to get the funds.
Ways to Get Your 2024 Iyaloja Moni Cash Easily
If you received a text from @trader_moni, kindly call this number to process your cashout.
Eyowo for Iyalojamoni: anyone who got a text from Iyalojamoni can call:
0170001510
0170001516
0170001517
0170001518 to process their cashout
List of Banks where you can pay back your Iyaloja Moni Loan to get another higher one
To pay back your Iyaloja Moni Loan, you can walk into any of the below-listed bank branches to pay back the loan;
- GT Bank
- UBA
- Union bank
- Eco Bank
- Fidelity bank
- Wema bank
- Heritage Bank
- Jaiz bank
- Stanbic Bank
- Sterling Bank
How to Pay Back IYALOJA Geep Trader Loan
Make sure you plan wisely, and invest the money strategically because you will be given a grace period of six (6) months to to pay back the loan without interest.
If you need us to help you with more updated information about the IYALOJA Trader Loan, please kindly feel free to ask any question using the comment box below. You can also provide us with your phone number or email address for more updates.
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