Bank of Industry, BoI, and Diamond Bank Plc have entered into partnership to help micro entrepreneurs and unemployed youths in the country to easily access the N200 billion Government Enterprise and Empowerment Programme, GEEP, Funds.
Under the partnership, Diamond Bank will provide the platform and customer base to disburse the fund which is open to beneficiaries nationwide, comprising market women, youths, artisans and farmers. The loan size ranges from N10,000 to N100,000 on zero percent interest rate.
“The loan is affordable at no interest. So, basically, the extra money you see is the administration fee of five per cent. That means if you take a loan of N20,000, at the end of six months, you will be paying N21, 000 at a weekly repayment,” she added
ELIGIBILITY FOR LOAN APPLICATION
- Must be a citizen and resident of Nigeria
- Must have a Valid means of Identification
- Must be aged 18-60years
- Must have a unique Bank Verification Number (BVN)
NOTE: Application is free of charge. DO NOT GIVE ANYBODY MONEY, JUST APPLY HERE
HOW TO APPLY
- No multiple application is required.
- All application must be online on this platform.
- Start Loan Application online using the Application Link provided.