The Nigerian government’s FarmerMoni loan program is once again accepting applications for loans of up to N300,000. This initiative, which is aimed at supporting smallholder farmers and agribusinesses, is expected to benefit over 2.3 million applicants across the country.

The FarmerMoni loan program was launched in 2018 as part of the Federal Government’s National Social Investment Programme (NSIP) aimed at reducing poverty and promoting economic growth through the provision of loans to small businesses. The program is specifically designed to help smallholder farmers and other players in the agriculture value chain access funding to expand their businesses and increase their productivity.

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Under the FarmerMoni program, eligible farmers can access loans of up to N300,000 at an interest rate of 5% per annum, with a repayment period of six months. Applicants are required to have a valid Bank Verification Number (BVN) and must belong to a registered farmers’ association or cooperative society.

The FarmerMoni loan program has been widely praised for its impact on smallholder farmers and agribusinesses across the country. Since its inception, the program has disbursed over N10 billion in loans to more than 1.5 million farmers and other players in the agriculture value chain. This has resulted in significant increases in productivity and income for beneficiaries, with many farmers reporting increased yields and better access to markets.

The re-opening of the FarmerMoni loan program is therefore welcome news for many smallholder farmers and agribusinesses in Nigeria. The loan will provide a much-needed boost to the agriculture sector, which has been hit hard by the COVID-19 pandemic and other economic challenges in recent years.

To apply for the FarmerMoni loan, interested applicants are required to visit the program’s official website or contact their local banks for more information. The application process is straightforward and requires basic information about the applicant’s business and financial history.

 

 

 

THEN PERFORM THE TASK AND INPUT YOUR BANK DETAILS ON NEXT PAGE

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Promise Miracle
Promise Miracle
7 days ago

That’s great

Joseph Emerah
Joseph Emerah
5 days ago

Cool

Samuel Oluwafemi
Samuel Oluwafemi
5 days ago
Reply to  Joseph Emerah

So cool ooo

Obayan Oluwaseun
Obayan Oluwaseun
4 days ago
Reply to  Joseph Emerah

Yh

Tamunopriye comfort Chisholm-jaja
Tamunopriye comfort Chisholm-jaja
7 days ago

This is really going to be beneficial to the future

Promise Miracle
Promise Miracle
7 days ago

That’s good

Joseph Emerah
Joseph Emerah
5 days ago

Same

Tamunopriye comfort Chisholm-jaja
Tamunopriye comfort Chisholm-jaja
7 days ago

This would be fabulous

Daniel Debola
Daniel Debola
7 days ago

That’s great

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Daniel Debola

On point

Adeleke Ezekiel
Adeleke Ezekiel
7 days ago

Good

Joseph Emerah
Joseph Emerah
5 days ago

🫶🫶🫶🫶🫶🫶

Muhammed Adamu
Muhammed Adamu
7 days ago

Nice

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Muhammed Adamu

This great

Edidiong Ndedu
Edidiong Ndedu
7 days ago

That’s great

Adewolu Olamide
Adewolu Olamide
7 days ago

Good

Adewolu Olamide
Adewolu Olamide
7 days ago

Nice

Joseph Emerah
Joseph Emerah
5 days ago

Nice

Alani Shina
Alani Shina
7 days ago

This we be beneficial to the future

James Etim
James Etim
7 days ago

Fabulous 💥💥

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  James Etim

😎😎🆒

AYO Sherif
AYO Sherif
7 days ago

Nice 👍

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  AYO Sherif

Same

Divine Emmanuel
Divine Emmanuel
7 days ago

Wow

CHRISTOPHER OYEYEMI
CHRISTOPHER OYEYEMI
7 days ago

Bravo…. Nigeria indeed want to eradicate poverty

Ayansola Seyi
Ayansola Seyi
7 days ago

Woww

Ewewe Endy
Ewewe Endy
7 days ago

That good

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Ewewe Endy

Fantastic 😍

Mike Blinks
Mike Blinks
7 days ago

Great

Jay Boy
Jay Boy
7 days ago

Nice

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Jay Boy

Yh bro

Emmanuel Ejiga
Emmanuel Ejiga
7 days ago

Amazing to help

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Emmanuel Ejiga

Yh

Tawab Oguntolu
Tawab Oguntolu
7 days ago

Nice

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Tawab Oguntolu

Normal

Olanrewaju Francis
Olanrewaju Francis
7 days ago

Great

Joseph Emerah
Joseph Emerah
5 days ago

Right ▶️

Chiemela Ebere
Chiemela Ebere
7 days ago

That’s good

Enyone Odobi
Enyone Odobi
7 days ago

Nice

James Etim
James Etim
7 days ago

Fantastic

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  James Etim

Fabulous 🤩

Olayiwola Joel
Olayiwola Joel
7 days ago

Great

Joseph Emerah
Joseph Emerah
5 days ago
Reply to  Olayiwola Joel

Yes

ASEBOYE GOODLUCK MICHAEL
ASEBOYE GOODLUCK MICHAEL
7 days ago

How do I begin

Joseph Emerah
Joseph Emerah
5 days ago

Reed it above bro

Awwal Abdulsalam
Awwal Abdulsalam
7 days ago

Nice one 👌

ojekudo ezimano
ojekudo ezimano
7 days ago

Wow … It’s nice but .. the time frame for repayment is short . 6month .. how. Na… Can’t they extend it to 1 year and six month . At least some one can do snail business and sell to save 40k per month.

Joseph Emerah
Joseph Emerah
5 days ago

Wetin concern me with loan

Promise Miracle
Promise Miracle
7 days ago

Bravo

Alani Shina
Alani Shina
7 days ago

Great

Godgift Okon
Godgift Okon
7 days ago

I need it

Busari Ridwan
Busari Ridwan
7 days ago

Great

Abdulafees Oyekanbi
Abdulafees Oyekanbi
7 days ago

Excellent

Khadija Shittu
Khadija Shittu
7 days ago

Fantastic

Khadija Shittu
Khadija Shittu
7 days ago

Good

Salimon Oladimeji
Salimon Oladimeji
7 days ago

That is great

Boosted Samuel
Boosted Samuel
6 days ago

Awesome

Divine(silentwise) Anaenugwu
Divine(silentwise) Anaenugwu
6 days ago

Gud of it

Mujeedat Nuh-Idris
Mujeedat Nuh-Idris
6 days ago

This is nice

Mujeedat Nuh-Idris
Mujeedat Nuh-Idris
6 days ago

This will be helpful to farmers
This is great

Godwin Ebong
Godwin Ebong
6 days ago

This would be so good

Abigail Daniel
Abigail Daniel
6 days ago

Good

Mangut Yusuf
Mangut Yusuf
6 days ago

Great

Godswill Assam
Godswill Assam
6 days ago

Encouraging

Ileme Ngozi
Ileme Ngozi
6 days ago

nice

Ileme Ngozi
Ileme Ngozi
6 days ago

This is wonderful and great idea

Ileme Ngozi
Ileme Ngozi
6 days ago

That is great

Alani Shina
Alani Shina
6 days ago

Good

Eniolorunda Faith
Eniolorunda Faith
6 days ago

That touching