The Government Enterprise & Empowerment Programme (GEEP) was launched in 2016 with the aim to offer interest and collateral free credit to millions of Micro SMEs (MSMEs) operating at the bottom of the Nigerian economic pyramid. The program has leveraged on 3 loan products, so far, to support small to medium sized businesses: MarketMoni, TraderMoni and FarmerMoni.
In order to understand the impact of COVID – 19 pandemic on the lives and businesses of GEEP’s beneficiaries, 60 Decibels was commissioned to conduct a COVID-19 Impact Assessment Survey Exercise. The survey was rolled out in a series of 18 rounds of outbound phone surveys/interviews over 36 weeks (one round every two weeks) from August 2020 to May 2021. One of the key highlights from the survey saw 89% and 43% of GEEP customers report using savings and reduced investment respectively as their coping mechanism to weather the pandemic.
Click here for more insights from the survey.