How to Apply for FarmerMoni Loan
How to Apply for FarmerMoni Loan 2026: Step-by-Step Guide
The Federal Government of Nigeria has made the application process for the FarmerMoni loan scheme accessible and transparent for the 2026 farming season. Designed under the Government Enterprise and Empowerment Programme (GEEP), this initiative targets smallholder farmers who require capital to expand their harvest. This guide provides a formal walkthrough of the application procedure, ensuring you meet all criteria for a successful approval.
Requirements for Obtaining the Loan
Before initiating your application, you must verify your eligibility against the Bank of Industry’s strict standards. Meeting these requirements is mandatory to ensure the loan reaches genuine farmers.
- Citizenship and Age: You must be a Nigerian citizen aged 18 years or older.
- Valid Identification: You must possess a valid National Identification Number (NIN) and a Bank Verification Number (BVN). Crucial: The names on your NIN and BVN must match exactly.
- Professional Status: You must be an active practicing farmer. This scheme is for existing farmers, not for starting a new farm from scratch.
- Cooperative Affiliation: You must be a verified member of a registered farming cooperative or local market association. This acts as your primary social collateral.
- Physical Location: Your farm must be located within the community you are applying from and must be accessible for physical verification by GEEP officers.
How to Apply: The Steps Involved
The application process is a structured workflow designed to validate your identity and farming activity. Follow these steps diligently.
Step 1: Registration and Data Capture
You can begin your application by visiting the official GEEP portal at www.geep.ng or by visiting a designated GEEP registration agent in your local government area. You will be required to submit your biodata, farm location details, and your BVN for instant validation.
Step 2: Enumeration and Verification
Once registered, your application undergoes an enumeration process. GEEP agents (enumerators) will visit your farm location to verify two things: first, that the farm actually exists, and second, that you are the person farming it. They will capture GPS coordinates of your farm and take a live photograph of you on the site.
Step 3: Approval and Onboarding
After successful verification, your data is processed by the Bank of Industry. If approved, you will receive an SMS notification. You will then be onboarded, which involves linking your mobile wallet or bank account to the GEEP system for disbursement.
Step 4: Disbursement
The loan funds (up to ₦300,000) are credited directly to your verified bank account or digital wallet. Cash disbursement is generally avoided to ensure transparency and record-keeping.
Bank Contact Channels
If you encounter technical issues during registration or have inquiries regarding your disbursement status, you should contact the GEEP support channels directly. Do not pay anyone for “assistance” as the application is free.
| Channel | Contact Detail |
|---|---|
| Helpline | 0700-CALL-GEEP (0700-2255-4337) |
| Email Support | [email protected] |
| Physical Office | Visit any Bank of Industry (BOI) State Office |
| Official Website | www.geep.ng |
Frequently Asked Questions (FAQ)
1. Can I apply if I already have a loan from a commercial bank?
Yes, having an existing commercial loan does not automatically disqualify you. However, you must not have an active, unpaid loan from another GEEP programme (such as TraderMoni or MarketMoni). You are eligible only if you have cleared previous GEEP debts.
2. Is a guarantor mandatory for FarmerMoni?
Yes. While you do not need physical assets like land titles as collateral, you must provide a guarantor. This person could be a community leader, a civil servant, or a traditional ruler who can vouch for your credibility and residency in the community.
3. How long does the approval process take?
The timeline varies by location and volume of applicants, but typically, the process from enumeration to disbursement takes between 2 to 4 weeks. Ensure your phone number is active, as this is the primary channel for status updates.
See on the bank’s website
Securing a FarmerMoni loan is a structured and merit-based process designed to empower genuine Nigerian farmers. By ensuring your documentation is accurate, specifically your BVN and NIN alignment, and being available for the physical farm verification, you significantly increase your chances of approval.
This loan is a valuable tool for the 2026 farming season, offering capital without the burden of high interest rates. We encourage all eligible farmers to utilize the official channels listed above and take advantage of this Federal Government intervention.
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