government enterprise and empowerment programme (geep)

GEEP is Africa's largest microcredit infrastructure, built to provide financial inclusion and access to microcredit for Nigerians at the bottom of the economic pyramid. 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. We have built the capacity to serve over 10 million commercially-able people today with last-mile interest-free credit. We upturned traditional financial services (i.e. identity, physical infrastructure, bank branches), radically deconstructing it to 17,244 roving agents (“human banks”) trained and equipped with proprietary mobile technologies. We then scaled up this operation nationwide to serve millions of the commercially-able poor, 60% of whom are women. It is a direct attack on poverty through economic empowerment. The human bank comes to you and provides you with credit, financial literacy, ease of commerce, a better life. GEEP is a process innovation. A defining feature of the project is its scale of impact and its even bigger potential. As a process innovation, we use big data and technology (including facial recognition) to break the barrier to identification, analysis, and access to capital for underserved people. These microenterprises are also geotagged to their physical trading spaces. Today we have over 7 million candidates profiled and are on a mission to 25 million by 2025.