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

Securing a loan can be a daunting task, especially when collateral is not readily available. The process is often tedious, with loan providers scrutinizing every detail to mitigate the risk of non-repayment. However, if you find yourself in need of financial support for your small business in Nigeria, Trader Moni could be the solution you’ve been searching for. In this post, we’ll delve into what Trader Moni is, how it works, and why it’s a viable option for petty traders and artisans.

What is Trader Moni?

Trader Moni is a unique loan provision scheme established by the federal government of Nigeria. Tailored for petty traders and creatives, Trader Moni falls under the Government Enterprise and Empowerment scheme, with the Bank of Industry overseeing its execution. The primary goal is to support local businesses and crafts by providing interest-free loans.

How does Trader Moni work?

The concept behind Trader Moni revolves around interest-free loans for petty traders and artisans. As you repay the loan, your credit score increases, making you eligible for higher loan amounts. This progressive system encourages financial responsibility and growth within the business community.

Who can benefit from Trader Moni?

Trader Moni is open to all petty and small-scale business owners in Nigeria. Whether you run a kiosk, sell foodstuff, work as a cobbler or tailor, or operate as a fruit vendor, motorcycle, or tricycle (Keke) rider, you are eligible to apply for Trader Moni loans.

Loan Amounts:

The loan amounts in Trader Moni vary based on your repayment history. Starting with a base loan of ₦10,000, timely repayments can increase your eligibility to receive up to ₦100,000. By paying back within three months, you automatically qualify for higher amounts and faster loan progression.

Repayment Terms:

Traders have a flexible repayment period of six months, with a weekly payment of ₦430. Opting for a quicker repayment schedule of three months requires a weekly payment of ₦860. Timely repayments not only fulfill your financial obligations but also make you eligible for higher loan amounts in the future.

Bank Account Requirement:

Unlike traditional loans in Nigeria, Trader Moni’s initial loan does not necessitate a bank account. However, for subsequent loans, a Bank Verification Number (BVN) and a bank account become mandatory. The administration of loans to states is handled by the Bank of Industry.


Trader Moni emerges as a valuable financial lifeline for petty business owners seeking a boost to sustain and grow their enterprises. If you fall into this category, Trader Moni offers a straightforward and accessible solution to your financial needs. Take advantage of this government-backed initiative and propel your small business to new heights.

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