How to Apply for Federal Government TraderMoni Loan (2020)

TraderMoni is a loan programme of the federal government which is aimed at providing funding for entrepreneurs across Nigeria. In this article, we will provide guide on how to apply for TraderMoni loan in Nigeria.

Tradermoni loan is specifically for Nigerian petty traders and artisans. It is a part of the Government Enterprise and Empowerment Programme (GEEP) overseen by Bank of Industry (BOI). Other free-interest loan available under GEEP are: MarketMoni loan, N-power loan, Farmermoni loan.

TraderMoni offers beneficiaries loan starting from N10,000 to N100,000 at no interest rate. The accessible loan amount increases as you pay back.

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For example: if you borrow N10,000 as a first timer, when you pay back the money, you will be eligible to borrow higher amount (N15,000). After paying back the N15,000 loan, you will qualify for a N20,000 loan; and N50,000; and N100,000.

Requirements for TraderMoni loan

  • Applicants must be a Nigerian citizen by birth
  • Must not be less than 18 years
  • Applicants must be a trader or own a business.
  • Must belong to a registered market cooperative union
  • Valid identification such as national id card or voter’s card is needed.
  • Must have active phone number.
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How to apply for TraderMoni (Online application Online Guide)

Follow the steps below to apply for TraderMoni loan;

  1. Visit TraderMoni application portal at https://boi.ng

  2. Click on ‘REGISTER’ link

  3. Fill the form with your details as below

  4. You will receive a verification link and tracking code on your email to facilitate login.

  5. Login to complete the application form, and submit.

After that an email will be sent to you confirming the receipt of your application.

the prompt instructions.

TraderMoni offline Application guide

To register for TraderMoni offline, follow the steps below;

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Locate any accredited TraderMoni agent in your area, and fill the loan application form. After filling the form, the Federal Government will send you a text message with a reference code which you will dial to get the fund.

Updated: July 20, 2020 — 4:13 pm

The Author

Humphery

Humphery is a seasoned internet entrepreneur and a life coach. He has been the Nyscinfo ambassador since 2017. He is knowledgeable enough to guide you. Keep following this website for updates, we love you!

23 Comments

Add a Comment
  1. Olotu John oladele

    I need this loan for my business

  2. I need this loan

  3. I want to collect this loan for the purpose of building my business

  4. I love this site

  5. I don’t have help I want to start a business. poultry or computer business center.

  6. I’m interested

  7. I want to inprove my business

  8. Ho do I get a loan from bank through my salary or any of my personal bank account..thankso

    1. Am very interested

  9. I want get load to expand my business in my village

  10. I am in need of loan to top up my business

  11. I need loan to boost my business

  12. I need a loan for my trade

  13. Hassan Mazeedat S

    I want a loan for trading

  14. Pls how can i.apply for the farmer moni loan?

  15. Am weating four money because of process

  16. Ineed loan to improved my trading

  17. I am trider

  18. Habiba bello yusuf

    I need loan becous I’m creater

  19. Hadiza bukar abdulkadir

    I need loan

    1. Hadiza bukar abdulkadir

      I am a trader

      1. Yakubu Ibrahim madachi

        Yakubu Ibrahim madachi
        I want loan to add business

        1. ABDULLAHI ABDU DAHIRU

          Hhhhh😁😀😆

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