Discover and read the best of Twitter Threads about #FarmerMoni

Most recents (3)

Is #TraderMoni and #MarketMoni a vote buying scheme? Don't take my words for it, read what the COO of GEEP @uzonwagba says about it.
"First the GEEP program started in 2016, so this is our third year of operation. Our first loan registration was in May 2016. Since then we have been running the GEEP program nonstop across the country. Also we must note that it is the direct field learnings while implementing...
...#MarketMoni that led to the introduction of the #TraderMoni which started as a mobile-based loan product and kicked off in Sept 2017. The point is that GEEP didn't start in election season. Very far from it. As at Nov 2017... we had disbursed over 300,000 loans" @uzonwagba
Read 10 tweets
What is this #GEEP program really about?

GEEP is a microcredit prog that provides much-needed capital to traders, artisans, farmers, petty traders. It's one of the social intervention progs of the FG and comprises of 3 products: MarketMoni, FarmerMoni, and TraderMoni. @uzonwagba
"GEEP was initiated in 2016 by the FG; with an understanding that there are over 30m Nigerians at the base of the pyramid who are in active commercial activity but never have an opportunity to access credit. In 2017, only 0.04% of bank loans went to this micro segment" @uzonwagba
"These hardworking Nigerians are not “interesting” to the traditional lenders: they've little to no financial track record, they've no collateral, some barely have formal identities. However, they're actively trading and in dire need of capital." - @uzonwagba
Read 65 tweets
#Thread

Government Enterprise and Empowerment Programme (GEEP) is an critical tool for financially empowering micro businesses, (artisans, market women) and petty traders at the base of the pyramid.
GEEP (comprising @MarketMoni, #FarmerMoni, @Trader_Moni) has disbursed N27.4 billion in interest-free loans from N10,000 to N350,000 to more than 1.1 million market women/men, artisans, farmers, petty traders across 36 States & FCT. Under GEEP, 56% of the loans have gone to women
Loans disbursed (MarketMoni) – more than 300,000
-Loans disbursed (FarmerMoni) – more than 5,000
-Loans disbursed (TraderMoni) – more than 800,000 so far (target is 2 million by end of 2018)
Read 9 tweets

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