Beneficiaries of TraderMoni, FarmerMoni, MarketMoni under the Nigerian Government Enterprise and Empowerment Programme (GEEP) have been urged to repay their loans.
This, GEEP an agency of government said in a tweet sighted by Platforms Africa, becomes necessary in order to enable them to get a higher loan and to have access to other GEEP products.
The disclosure was made by the government agency through the tweet on its verified account.
The call is also sequel to concerns over the repayment of the empowerment funds as stipulated in the terms and condition of disbursement.
In response to the concerns and as a way of encouraging beneficiaries to comply, the Government Enterprise and Empowerment Programme (GEEP) said: “Beneficiaries are advised to repay their loan to enable them to get a higher loan, and to have access to other GEEP products.”
The agency outlined practical steps for the repayment of these loans, which include;
Step 1: To repay the loans, beneficiaries were urged to walk into any of the listed banks; GTB, UBA, Ecobank, Union Bank, Stanbic, Sterling, Wema, Fidelity, Heritage, Jaiz.
Step 2: Beneficiaries are instructed to report to any of the aforementioned banks, telling them that you would like to pay your ‘’BOI-GEEP’’ loan on PayDirect.