Hur­dles in ac­cess­ing BOI GEEP loan

Daily Trust - - BUSINESS -

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.

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