2022 State Enterprise Empowerment Program (SEEP) up to N100,000: Applicants can get up to N100, 000 loan to start or support their business with the State Enterprise Empowerment Program (SEEP), this program is meant to support businesses to grow and improve micro-economic enterprises across the country
Supported by the states and the Bank of Industry, SEEP is a social intervention program that is aimed at providing affordable credit, ranging between N50,000 to N100,000 for micro-enterprises that are unable to grow their businesses due to lack of capital.
Eligibility for State Enterprise Empowerment Program (SEEP)
To qualify, applicants must be:
Artisans,
Traders,
Market Women And
Other sectors of productive activity that are nominated by their various Associations,
Cooperatives and Trade-Groups within the respective states in the BOI Matching Fund Program
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2022 State Enterprise Empowerment Program (SEEP) up to N100,000
How To Apply
The program aims to support a maximum of 40,000 qualified micro-enterprises per state in Nigeria. Applicants should log on to https://www.growthplatform.me/seep.html and apply
Loan Repayment Tenor
Qualifying micro-enterprises benefit from a one-month moratorium and are able to repay their loans over a maximum of 1 year.
Approved loans are disbursed directly into micro-enterprises accounts with BVN serving as digital collateral.
Loan repayments are made on a weekly basis through a designated repayment channel.
The program is executed in each state using the BOI Micro Loan technology platform and systems which have been used to deliver large programs like the Government Enterprise and Empowerment Program (GEEP).