Hurdles in accessing BOI GEEP loan

providers on the problems they face with the GEEP programme.

I think this has been very useful as the business member organisations are able to articulate the key challenges which they can present to the government in a more coherent manner. And it’s not just talking about the challenges, but the solutions as well. Like what can we do to make this process work better. We are giving the beneficiaries a voice as there is still room for people to make input into what is being done.”

In proffering solutions to some of the problems highlighted, the President of Trinity Group Fadama Users, Mr. Edwin Akabueze said at the event that for easy accessibility to the GEEP loan, the BOI and commercial banks should have a harmonised form (template) for opening account for people who want to access the loans through their cooperatives.

“Also, there should be a unified operational framework by stakeholders and proper sensitisation.

“Again, there should be prompt disbursement of loans to all those who have fulfilled the criteria. And for those who cannot get the loans, there should be feedback to the association on reasons why they could get the funds.

“Also, there should be nationwide uniformity in the GEEP documentation and implementation.

“Again, BVN should be made accessible to people in the rural areas by banks.” he explains.

Mrs Gyar said the general consensus is that the GEEP programme is one which can deliver the people from poverty and add a plus to the present administration if properly implemented.

“We will advocate for the suggestion they have made as we will engage BOI and other stakeholders to ensure that the process is thought through again and made easier,” she said.