Discover and read the best of Twitter Threads about #MarketMoni
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Visited @geep_ng Command Center in Abuja yest. Central Dashboard + Call Center for management of #TraderMoni #FarmerMoni #MarketMoni.
Center holds the data of the more than 4m Nigerians registered till date [2.4m beneficiaries so far]
GEEP Software 100% designed by Nigerians!
Center holds the data of the more than 4m Nigerians registered till date [2.4m beneficiaries so far]
GEEP Software 100% designed by Nigerians!
3D printed foodstuff to recreate the feel of a Nigerian market. Nah these are not real fruits/vegetables/meat. All 3D printed.
H/T @uzonwagba, Chief Operating Officer, GEEP, for the Tour.
ADDRESS BY H.E. @MBuhari , PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE #COVID19 19 PANDEMIC SUNDAY 29TH MARCH, 2020
Fellow Nigerians, From the first signs that #Coronavirus, or #COVID19 was turning into an epidemic and was officially declared a world-wide emergency, the Federal Government started planning preventive, containment and curative measures in the event the disease hits Nigeria.
The whole instruments of government are now mobilized to confront what has now become both a health emergency and an economic crisis.
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
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
@realvictorsam Victor, because you asked respectfully, I will respond to you respectfully as well. This will be in several tweets. So don't interrupt until I finish.
Now the FG has a prog called the Govt Enterprise and Empowerment Programme (GEEP) implemented by the Bank of Industry (BOI)
Now the FG has a prog called the Govt Enterprise and Empowerment Programme (GEEP) implemented by the Bank of Industry (BOI)
@realvictorsam GEEP has two pillers. First is called #MarketMoni and the second is called #TraderMoni. MarketMoni is a scheme for soft loans to small traders ranging from N10,000 - N100,000. You decide the amount you need whether N10,000, N20,000, N50,000 or N100,000.
@realvictorsam The repayment period is for 6 months and there is 5% admin fee. No interest is charged. There is even a two weeks grace period to pay back. Once you finish paying, you can apply for a higher value or the same value. That is basically left to you.
