News

How To Apply For FG TraderMoni Zero Interest Loan 2021

Details of how to apply for FG TraderMoni zero-interest loan 2021 has been shared below.

 

Truetells Nigeria understands that TraderMoni is a loan initiative of the federal government (FG), which aimed at providing funding for entrepreneurs across Nigeria. In this post, we will provide guide on how to apply for TraderMoni loan in Nigeria.

 

ALSO: Apply For USAID Nigeria Covid19 Food Security Challenge

 

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.

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.

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;

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.

TruetellsNigeria

Recent Posts

Customs Contribution Crucial for Actualising Proposed Nigeria’s ₦48 Trillion 2025 Budget – Finance Minister

  The Nigeria Customs Service (NCS) has been commended for its pivotal role in boosting…

22 hours ago

Police Arrest Popular TikToker For Insulting President Tinubu, Governor Sanwo-Olu, Police Chief Egbetokun

Operatives of the Nigeria Police Force have reportedly arrested a popular Nigerian TikToker, Seaking, for…

22 hours ago

Tinubu’s Economic Policies Responsible For Over 100 Deaths In Stampedes Within One Week —Sowore

Human rights activist Omoyele Sowore says the economic policies of President Bola Tinubu's administration have…

23 hours ago

GOVERNOR SANWO-OLU DIRECTS LASTMA TO INTENSIFY NIGHT TRAFFIC MONITORING TO GUARANTEE UNHAMPERED NIGHT MOBILITY FOR RESIDENTS

  In a resolute bid to ensure unimpeded traffic flow throughout Lagos State before, during…

24 hours ago

Data Engineering: A Lifeline for Businesses Amid Economic Uncertainty- Uchenna Ogbonna

      In an era defined by rapid technological advancements and unpredictable economic shifts,…

1 day ago

WITH GLO TVCS, IT’S FELIZ NAVIDAD, NIGERIANS

Celebratory seasons, such as Christmas and New Year, are times when corporate organisations churn out…

2 days ago