StartCredits StartCredits StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
StartCredits StartCredits
  • Loans
    • Credit Score
    • Guide
  • Investments
    • Bank
    • Crypto
  • Log In
MarketMoni

FarmerMoni

Interest Rate (0% – 5%)

 

Apply
Category: Government Tag: Agriculture
  • Description

Description

FarmerMoni


FarmerMoni is a Government Enterprise and Empowerment Programme (GEEP) Initiative created to boost the Nigerian economy through leverage and access to finance for farmers.

FarmerMoni is designed to help petty traders expand their trade through the provision of collateral free loans. The loans are repayable over a period of six months.

Under the scheme, beneficiaries can get access to a higher facility ranging from N300,000 to N2,000,000 when they repay within the stipulated time period. The scheme is to provide 1.66 million micro lending for businesses at the bottom of the financial pyramid-traders, women cooperatives and market women; enterprising youth, farmers and agricultural workers, no collateral or interest element

The Bank of Industry management software validates the loan application. The loan is paid within 48 hours to a mobile wallet account, that can then be cashed out.

Start or grow your own business with the help of a government-backed Loan and free business support. A great alternative for individuals looking for business loans to fund their business.

 

PROS

  • Low interest rate
  • Collateral free
  • Fast Disbursement within 48 hours

 

CONS

  • Low Loan amount
  • Numerous documentation required

 

ELIGIBILITY CRITERIA

  • Official Government Identification
  • Notarized Guarantor Forms
  • Passport photographs
  • Training Certificate

Related products

  • Development Bank of Nigeria

    Development Bank of Nigeria

  • Lagos State Employment Trust Fund loans

    Lagos State Employment Trust Fund

  • MarketMoni

    MarketMoni

  • Survivalfund ng

    Survival Fund

Search for your Loan

Latest Loans

  • Infinity Trust Mortgage Bank Infinity Trust
  • unity bank loan Unity
    Rated 4.00 out of 5
  • MoneyWise microfinance bank MoneyWise
  • Mainstreet microfinance Mainstreet
  • MarketMoni MarketMoni
    Rated 4.00 out of 5
  • Stanbic IBTC Stanbic IBTC
    Rated 5.00 out of 5
  • firstbanknigeria loan FirstAdvance
  • hasal mfb loans Hasal
  • Jumia One Loan Jumia One
    Rated 3.75 out of 5
  • Kickstarter

Loan Advice

  • Securing a federal government housing loan in Nigeria
  • How to check your NIN for a loan application
  • Non-performing loans of Nigerian banks
  • Types of loans offered in Nigeria
  • Home loans in Nigeria
  • Who gives loans for Nigerian Startups
  • The 2020 top banks in Nigeria by earnings
  • Key requirements to access loans in Nigeria

Company

  • About
  • Contact
  • Careers
  • Credit Score

Loans

  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance

Investments

  • Crypto
  • Bonds
  • Deposits
  • Shares

Follow Us!

Follow Us on FacebookFollow Us on TwitterFollow Us on Google+
Return To Top
  • Moneylenders
  • Peer to Peer
  • Mortgage
  • Microfinance
Copyright © 2022 startcredits.com
  • Loans
    ▼
    • Credit Score
    • Guide
  • Investments
    ▼
    • Bank
    • Crypto
  • Log In