FarmerMoni loan Application portal – how to apply farmermoni

FarmerMoni loan Application portal – how to apply farmermoni

If you are farmer and you are stuck at some point during your farming operation as a result of low cash, federal government have provide a means to get you out of such bondage.

Do you need interest-free loan to boost your farming business? If ‘yes’, you are on the right page as we will show you how to apply for FarmerMoni loan of the Federal Government.

Are you a farmer?

Get a free interest loan from farmermoni. this article will help you basic information about farmermoni loan application and requirements

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 loan initiative 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. This is a no interest and no 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
  2. Click on ‘Register’, and enter your information
  3. A verification link will be sent to your email address
  4. Check your email inbox, and click on the verification link
  5. Login to complete the application form.
SEE ALSO: How to Apply for FG TraderMoni Loan (2021)

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)

Portal Administrator
Hi, My Name is John Smart, From the Portal Administrator of Applyportal.com.ng. Applyportal is a Nigerian Recruitment and Job Vacancies Application Portal. On applyportal.com.ng you will get latest news and updates on the right and genuine recruiting agencies, such as Federal Government, Private and Public Agencies Recruitment/Jobs.