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Market Moni Loan app: App download, Signup, Login, how to apply, Interest Rates, loan ussd code, customer car

In pursuit of economic inclusivity, the Federal Government of Nigeria has set ambitious goals to empower every citizen, regardless of occupation or status, through various initiatives. One such impactful program is the Government Enterprise and Empowerment Programme (GEEP), with its notable component, Market Moni. This article delves into the details of Market Moni, shedding light on its purpose, operation, eligibility, loan amounts, repayment terms, and application process.

What is Market Moni?

Market Moni stands as a pivotal scheme under the broader GEEP, designed to provide financial assistance to individuals with low-income status. Facilitated by the Bank of Industry, this program extends easily accessible, fast, and interest-free loans, with a nominal administrative fee of five per cent (5%).

How Does Market Moni Work?

The program is a social intervention initiative by the Federal Government, specifically targeting market women, traders, craftsmen, the youth, and those engaged in small to medium-scale agriculture. The primary aim is to assist vulnerable sections of the Nigerian population in meeting their financial needs.

Who Can Access Market Moni Loans?

Market Moni is open to all petty traders, craftsmen, farmers, and youths in Nigeria who are members of accredited cooperatives or market associations. This encompasses a wide range of businesses, including market women, foodstuff sellers, fruit vendors, and more.

Loan Amounts:

Beneficiaries of Market Moni loans can access amounts ranging from N10,000 to N100,000 per beneficiary, depending on their business needs. Notably, these interest-free loans come with a minimal administrative fee of 5%, charged only once. Repaying the initial loans within the stipulated period makes beneficiaries eligible for higher loan amounts.

Repayment Period:

The repayment period for Market Moni loans is six months, with an additional two-week grace period to facilitate timely repayment. Successful repayment not only fulfills the financial commitment but also positions the beneficiary to apply for a higher loan in the future.

How to Obtain a Market Moni Loan:

Acquiring a Market Moni loan is a straightforward process. To apply, individuals need the following:

  1. Bank Verification Number (BVN)
  2. Proof of membership in a cooperative or association
  3. A physical business location
  4. A cooperative acting as a guarantor for the loan application

As Market Moni operates on a cooperative-based model, interested applicants should ensure their cooperative or association expresses interest in participating. All applications are processed through the Bank of Industry. Applying can be done online through the Bank of Industry website ( or by phone at 0700-CALL-BOI. Additionally, applicants can visit any Bank of Industry office branch nationwide.


Market Moni serves as a beacon of financial assistance for petty business owners striving to sustain and grow their enterprises. Aligned with the broader GEEP objectives, this program aims to uplift all businesses falling under its purview. If your business fits the criteria, Market Moni stands ready to be a catalyst for your entrepreneurial journey. Explore the opportunities it presents and take a step towards securing a brighter financial future.

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