MarketMoni is a Federal Government of Nigeria microcredit scheme under the Government Enterprise and Empowerment Programme (GEEP). It is designed mainly for market women, small‑scale traders, and micro‑business owners who need working capital but cannot easily access bank loans.
MarketMoni Summary
| Feature | Details |
|---|---|
| Full Name | MarketMoni (Market + Money) |
| Parent Programme | Government Enterprise and Empowerment Programme (GEEP) |
| Administering Agency | National Social Investment Programme Agency (NSIPA) |
| Launched | 2016 (under the NSIP framework) |
| Loan Amount | ₦50,000 – ₦300,000 |
| Interest Rate | 0% (completely interest-free) |
| Collateral | Not required (collateral-free) |
| Guarantor | Not required in the traditional sense; cooperative membership serves as social collateral |
| Target Beneficiaries | Market women, small-scale business owners, cooperative society members, trade associations |
| Coverage | All 36 states and the Federal Capital Territory (FCT) |
| Repayment Period | Typically 6 months (flexible terms based on programme cycle) |
| Priority Groups | Women, youth, and vulnerable populations |
MarketMoni Eligibility & Requirements
To access the MarketMoni loan under the GEEP Loan, you generally must meet the following:
Basic Eligibility
- Citizen of Nigeria
- At least 18 years old
- Running an existing micro- or small-scale business in Nigeria
- Operating in a market, shop, kiosk, or recognised business area
- Residing within any Nigerian state or the FCT
MarketMoni GEEP Loan Requirements
Details can evolve but typically include:
- BVN (Bank Verification Number)
- NIN (National Identification Number)
- Valid means of identification, e.g.,
- National ID card
- Voter’s card
- Driver’s license
- International passport (where accepted)
- Active mobile phone number (for SMS notifications and OTPs)
- Bank account details (bank name, account number)
- Business information:
- Type of business (retail, service, food, fashion, etc.)
- Market/business location (city, LGA, state)
- How long you been in business
- Association/cooperative details (if you belong to a market union, traders’ association, or cooperative, and if the programme requires it)
MarketMoni Benefits
- Interest‑free loan
You do not pay commercial bank interest on the capital, as it is a government social intervention scheme. - Collateral‑free
No need for properties or big guarantors. It is tailored for low‑income and informal sector businesses. - Supports existing micro‑businesses
Focuses on market‑based and small trading/service activities that need extra working capital. - Nationwide coverage
Open to beneficiaries across all 36 states and the FCT, both in urban and rural markets. - Supports financial inclusion
Encourages small businesses—especially women and youth—to participate more fully in the formal financial system.
MarketMoni Geep Loan Application Portal
The most direct and reliable way to apply for MarketMoni in 2025 is through the official NSIPA online portal.