GEEP is essentially a micro-banking system for millions of poor people, taking financial inclusion, credit and financial literacy to poor communities, starting in Nigeria.
In order to access the next loan, GEEP beneficiaries are advised to repay their first loan. From 10k, the next loan amount is 15k, and the loan growth is inevitable as long as the beneficiary complies.
You can easily repay your GEEP loan by loading the card which automatically credits your loan account and updates your loan position. #GEEP #tradermoni #marketmoni #farmermoni.
The repayment scratch cards were developed as an alternative repayment channel for beneficiaries who don't have access to banks.
The Easy repayment options offered by GEEP makes it easy for beneficiaries to repay the loans by breaking it down into weekly repayments which can be done at any bank in the country or through repayment scratch-cards sold in market clusters.
Beneficiaries automatically qualify for a higher loan amount after repaying their loan.
GEEP agents are equipped with a proprietary application that enables full registration and capture of applicant data eg. bio-data, information on the market, nature of trade, GPS coordinate of the trade point, association member and all other data sets that ensure adequate credit assessment.