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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 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
