How to Apply for Trader Moni Loan 2018

Filed in Opportunities by on September 12, 2018 0 Comments

In this guide, I will show you how to apply for the N10,000 Federal Government assisted How to Apply for Trader Moni Loan 2018. See the requirement and how to apply here. This loan is interest free and you can registser and collect this loan without any collateral.

Today at WAT Market in Calabar, Cross River State, Vice President Yemi Osinbajo officially Launched the Trader Moni Program. The VP was accompanied by the Governor of Cross River State, Prof. Ben Ayade.

Trader Moni is set up to help petty traders expand their trade through the provision of collateral free loans of N10,000.

How to Apply for Trader Moni Loan 2018

Invention of Trader or Market Moni loan Application Scheme

The Trader Moni was launched last Tuesday in five markets in Lagos State recording thousands of beneficiaries already. Trader Moni was launched in partnership with the Bank of Industry (BoI) in order to enlarge government’s “financial inclusion agenda down to the grassroots, the bottom of the ladder, considering the contribution of petty traders to economic development.

Under the scheme, beneficiaries can get access to a higher facility ranging from N15,000 to N50,000 when they repay N10,000 within the stipulated time period (6 months).

See Also: How to apply for Marketmoni – Market Moni Registration Form

Qualifications / Requirements for the MarketMoni/Trader Moni FG Loan Scheme 2018/2019

  • You must be a Nigerian
  • You must be 18 years and above
  • You must be a business owner or a trader
  • You must belong to a market cooperative union in your location
  • You must have a valid identification
  • You must have a valid BVN
  • You must have a valid SIM/phone number that is register with the service providers

Steps on How to register for the 2018/2019 Federal Government Scheme Trader Moni or Market Moni

The online loan application portal has been created for the convenience of BOI’s prospective SME customers in the sense that they do not initially have to come physically to the Bank to submit their loan applications. It also has the advantage of shortening the loan processing Turn-Around-Time (TAT) of the Bank. The portal has document uploading capability as well as allows the loan applicant select the preferred BOI State Office location where the application will be processed. The online loan application portal can be accessed on the Bank’s website:

Simple ways on How to use the Portal

  • Go to our website:
  • Click on the “Apply for loan now”
  • Click on “Register here” to register your account.
  • A verification link and tracking code are sent to your registered email address; click on the verification link to facilitate log in.
  • Once logged in, you can complete the application form, save and click on “continue” to submit the form.
  • A mail will be sent to your email address confirming receipt of the application.

See Also: N10,000 Trader Moni Collateral-Free Loan

Important Notice regarding to Trader Moni Application

  • The first amount to receive will be the sum of N10,000. Once this can be repaid, you will be granted access to receive N15,000 in your next application, etc.
  • So wait for the turn of your state and find out more from your market cooperative unions or visit the Bank of industry website
  • The loans are repayable within a period of six months.

In case of any challenge during application, kindly Comment Below as immediate would be reply shall be given to you as soon as possible.

Ads: Click here to apply for recruitment jobs in Nigeria

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.