How to Apply for IYALOJA Loan 2023/2024 | N50,000 Free Interest loan
How to Apply for IYALOJA Loan 2023/2024 | N50,000 Free Interest loan: The IYALOJA Loan is a Federal Government Enterprise and Empowerment Program (GEEP) loan aimed to give succor to the poorest in the country; it is similar to the Marketmoni meant for market women/men
IYALOJA Loan has a budget of N75bn loan to 1.5m market women, N50,000 will be given to 1.5million traders to start their business or expand already existing businesses
If you have a business in mind, and you are wondering where funds will come to empower the business, this opportunity is for you, the government is giving N50,000 to 1.5million Nigerian traders to reduce the effect of the subsidy removal
If your business is suffering from poor financing or insufficient funds, waste no time and apply for the IYALOJA Loan, FG commits an N75bn loan to 1.5m market women to ease the impact of subsidy removal
Requirements for IYALOJA Loan 2023/2024
According to the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu;
Full Name
Alternative Phone Number
Nin
Bvn
Bvn Is Not Optional*
Account Number
Account Name
Bank Name
Gender
Date Of Birth
Marital Status
State
Lga
Business Name
Next Of Skin
Market Location Or
Address
Passport
The program is for market traders
You must a have business or have plans to open one
You must be a Nigeria in any of the 36 states and FCT
This program is not the one you give contracts to people to build houses
If you belong to any market association, you are covered.
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How to Apply for IYALOJA Loan 2023/2024
IYALOJA Loan is a non-interest loan of N50,000 that would be given to phase 1 of market traders, selected from 109 markets across every Senatorial zone across Nigeria.
The Minister of Humanitarian Affairs and Poverty Alleviation is currently capturing the poorest of the poor on the National Social Register
some markets across the country have been selected for registration and capturing of traders by Nassco enumerate.
Traders will be captured where they run their business and a savings account will be open for them, and the N50,000 free interest loan money will be sent directly from CBN to his Savings account 50k
If you have a BVN and belong to an accredited market association or cooperative registered in your State or with the CAC, ask your association or cooperative to indicate its interest in MarketMoni by submitting its information to NSIP State Focal Person to register your cooperative’s interest in MarketMoni.