Blog Entrepreneurship Editorial Staff April 25, 2021 0 Comments

Application Guide: Federal Government of Nigeria TraderMoni Zero Interest Loan 2021

Federal Governement has introduced a new loan initiative called TraderMoni, which is aimed at providing funding for entrepreneurs across Nigeria. In this post, we will provide a 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).

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

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.

The Requirements for TraderMoni Zero Interest Loan 2021

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.

How to apply for TraderMoni (Online Application Guide)

Follow the steps below to apply for TraderMoni loan;

Visit TraderMoni application portal at https://boi.ng
Click on ‘REGISTER’ link
Fill the form with your details. You will receive a verification link and tracking code on your email to facilitate login.
Login to complete the application form, and submit.
After that an email will be sent to you confirming the receipt of your application. Follow the prompt instructions.

TraderMoni Offline Application Guide

Visit https://tradermoni.ng/zonal.html
Locate your geopolitical zone
Click on your state
Copy the name and phone number of the coordinator
Give him/her a call to locate the agent nearest to you

Geopolitical Zones in Nigeria and states under them

South-West
Lagos
Ekiti
Ondo
Ogun
Osun
Oyo

South-East
Anambra
Ebonyi
Enugu
Abia
Imo

South-South
Akwa Ibom
Cross River
Bayelsa
Rivers
Delta
Edo

North-West
Katsina
Jigawa
Kaduna
Kano
Kebbi
Sokoto
Zamfara

North-East
Taraba
Adamawa
Bauchi
Gombe
Borno
Yobe

North-Central
Kogi
Kwara
Benue
Plateau
Nasarawa
Niger
FCT (Abuja)

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