Echoing the excitement of their counterparts across Nigeria, petty traders and artisans in Udua Itam and Akpan Andem markets in Akwa Ibom state received TraderMoni with great joy and relief. Imo Anasonye in Aba, Enobong Sunday, a vegetable seller in Uyo expressed her gratitude to the Federal Government for the TraderMoni initiative when it was launched on the 21st of August.

Traders in Akwa-Ibom got access to loans without any form of collateral. With this microcredit scheme, petty traders get LOANS that are interest and collateral free but not FREE money. After the loans are repaid, they become eligible to access more loans.

TraderMoni Beneficiary. We’ve heard stories of big businessmen and women who started very little and became household names. Take a second and look at hawkers on some of Nigeria’s major roads and you’ll realize that many of them require far less than N10,000, but still, they jump onto the streets and start chasing after cars.

'Trader Moni' initiative aims to support about two million Nigerians with small scale loans.

You don't need any documents or property to collect N10, 000 loan from the Federal Government under Trader Moni. You will just register, get paid

Trader Moni scheme is targeted at petty traders. If petty traders get N10,000 collateral and interest-free loans, they will be off the street and on to better things. With N10,000 you could get a stall and start selling fruits, vegetables, food items, etc.

TraderMoni has been launched in Kano, Abia, Akwa Ibom, Katsina, Osun, Abuja, FCT, Kogi and Cross River. Hopefully, we will learn not to politicize issues that are of utmost importance to many who need them.