A federal government scheme

Nation Wide Coverage

Traders from all over Nigeria are getting empowered.

What is TraderMoni

Interest Free loans

TraderMoni is a loan programme of the Federal Government, created specifically for petty traders and artisans across Nigeria. It is a part of the Government Enterprise and Empowerment Programme (GEEP) scheme of the Federal Government, being executed by the Bank of Industry.

With TraderMoni, you can receive interest-free loans starting from N10,000 and growing all the way to N100,000 as you pay back. You get N10,000 as the first loan. When you pay back the first loan, you immediately qualify for a second loan of N15,000. After payback of the second loan, you qualify for a N20,000 loan, and then N50,000, and then N100,000.

With TraderMoni, the Federal Government wants to change your level by providing continuous loans for your petty business, making each loan bigger to enable you to grow.

Do i need a Bank Account?

For your first loan (N10,000), you do not need a bank account. After your first loan, you will require a BVN and a bank account for the next loans (N15,000; N20,000; N50,000; and N100,000). You have 6 months to pay back your N10,000 TraderMoni loan. You are expected to make a small payment of N430 weekly for 6 months.

Why TraderMoni

Federal Government understands the plight of the over 20 million Nigerians in petty business and in dire need of capital to grow their businesses. These Nigerians rarely have bank accounts, and are usually not “interesting” or “profitable” to traditional lenders. They cannot access loans to trade, and they therefore remain in a cycle of poverty.

Who is Eligible for it

If you are a petty trader or artisan in Nigeria, and N10,000 can help your business today, then you are eligible for TraderMoni! For example, if you are a small kiosk owner, food stuff seller, bread seller, mai shai, wheel barrow pusher, mobile tailor, mobile cobbler, fruits seller, keke rider, etc.

Is 10K the least amount

NO. The money grows as you pay back! You can get up to N100,000. Once you use the N10,000 well and pay back, you get N15,000, and then N20,000, and then N50,000, and then N100,000. Getting the next loan is automatic! As soon as you pay back any loan within 3 months, you dial a code on your phone and you the next higher loan immediately.

How many states will get the loan

By the end of 2018, the Federal Government targets to disburse 2 million TraderMoni loans across all 36 states and the FCT. Each state will receive a minimum of 30,000 loans.The loan is only being administered by BOI, being a bank with the structures and processes to reach out applicants.

How long do i have to pay back

On the Trader Moni Platform, you have 6 months to pay back your N10,000 loan. You are expected to make a small payment of N430 weekly for 6 months. However, you can pay back sooner and get a higher loan automatically. If you choose to pay in 3 months you'll pay N860 weekly.

take a look at our Nation Wide Coverage

By the end of 2018, the Federal Government targets to disburse 2 million TraderMoni loans across all 36 states and the FCT. Each state (and the FCT) will receive a minimum of 30,000 loans. Federal Government understands the plight of the over 20 million Nigerians in petty business and in dire need of capital to grow their businesses.

These Nigerians rarely have bank accounts, and are usually not “interesting” or “profitable” to traditional lenders. They cannot access loans to trade, and they therefore remain in a cycle of poverty. Federal Government is on a mission to break this poverty cycle.