MarketMoni: Get A Business Loan Without Interest Rate

A Post that show how Nigerians can get a loan for business without paying interest with MarketMoni
Most Nigerians have business idea that need more or little money to enlarge their SMEs Business, but the capital most a times is difficult to raise. And getting loan from other cooperative like bank,friends,relatives  is always difficult too.
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But MarketMoni is giving Nigerians the opportunity of getting loan without  Interest attached, Isn't this wonderful!

About Marketmoni:

MarketMoni is a Government Enterprise and Empowerment Programme (GEEP) created to provide financial aid for the under-banked and unbanked. This objective is being achieved by providing easy and quick loans at no interest rate besides a five per cent (5%) administrative fee.

Getting loan from this firm is as easy as spending it, but you need to know the following;

Who can apply?

Members of an accredited market association, cooperative or trade group who have valid BVNs and whose business locations can be verified

Also see: 6 Effective Ways of Writing Business Plan

Here is more on what you need to know to access a MarketMoni loan:

First, you must have a BVN
Next, you must belong to an accredited market association or cooperative registered in your state or with the CAC.
Third, your association or cooperative must indicate its interest in MarketMoni by submitting its information to BOI including its certificate of registration. You may either visit www.boi.ng/marketreg, call 0700-CALL-BOI (which is 0700-225-5264), visit any BOI office in the country, or go through your assigned State Focal Person to register your cooperative’s interest in MarketMoni.
If your association or cooperative qualifies, a MarketMoni agent would be sent to your group promptly to capture your members for loan assessment. 

If you meet the requirements above and wish to continue in applying for the loan, this how to go about it.

Step 1: Download the MOU Template (one per co-operative). Click Here
Step 2: Download the Excel Sheet (one per co-operative) to provide your members' details. Click Here
Step 3: Fill the MOU template and Excel sheet carefully with the right information.
Step 4: Come back to this page and submit your MOU and Excel sheet. Click Here

 For further FAQS about their loan check here

Over to you, if you have gotten loan from this organization before please do well to share your testimony here with the comment box below. 

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