This is to notify the general public on tradermoni loan application and how to successfully get the money. In this article you would get the official Tradermoni Registration Portal and Registration Form.

What is TraderMoni Loan?

TraderMoni is aimed at providing soft loans to micro/petty traders and businessmen/women in Nigeria, to enable them expand their business. After successful creation of your tradermoni account, you will be able to request for the money and receive it directly to your account.

We are aware that many persons have been having issues getting the tradermoni loan and some applied but couldn’t receive the money in their account. This article would guide you on the right steps to take.

The Federal Government through the Bank of Industry (BOI) recently rolled out a soft loan scheme called TraderMoni aimed at funding micro businesses in Nigeria.

How much can I get from the TraderMoni Loan?

You would first be given a loan of N10,000 and you would be required to payback N430 every week for 6 months (or sooner) to expand your business.

Traders who payback the loan will AUTOMATICALLY be entitled to another LOAN of N15,000, and then N20,000, and then N50,000.

Therefore, traders who pay diligently can get a loan up to N50,000 to expand their business, and this is automatic.

How can I apply for FG TraderMoni Loan?

If you wish to apply for the tradermoni loan, you can do so using the guide and link here. It is quite easy as you can apply for the federal government loan online and offline.

How to apply online

• Click on http://tradermoni.com.ng/resources/
• Fill in your details in the form and submit.
• Follow the directions given and collect your loan

How to Apply Offline

• Visit the nearest agent in any of the 36 states across Nigeria (Click to see Trader Moni Agent Network)
• Tradermoni agent will capture your details
• If you qualify, the Federal Government will send you a text message with a code you will dial to get the funds.

How can I repay/pay back my tradermoni loan?

You can repay the loan at any approved banks, this would give you access to higher amount. Look at the table below to know how much you are to pay.

Loan Terms

• Loan Tenor: 6 Months
• Weekly repayment with a two week grace period
• Administration Fee of 2.5% (no other charges)

Loan Amount	Administrative Fee	Amount to Pay Back
₦ 10,000.00	₦ 250.00	₦ 10,250.00
₦ 15,000.00	₦ 375.00	₦ 15,375.00
₦ 20,000.00	₦ 1000.00	₦ 21,000.00
₦ 50,000.00	₦ 2500.00	₦ 52,500.00

Approved Banks to Repay Your Trader Moni Loan

To pay back your Trader Moni Loan, you can walk into any of the below listed bank branches to pay back the loan;

• GT Bank
• UBA
• Union bank
• Eco Bank
• Fidelity bank
• Wema bank
• Heritage Bank
• Jaiz bank
• Stanbic Bank
• Sterling Bank

The aim of tradermoni bank of industry loan is to ensure that traders running micro businesses, regardless of how micro, so long as you are trading, the Federal Government will support you by giving you a loan of N10,000 (growing up to N50,000) to expand your business to sustenance.

How to become a TraderMoni Agent in Nigeria?

To become a tradermoni agent is quite easy and straightforward. Simply click on this link here to apply to become a TraderMoni Agent

Eligibility Requirements for TraderMoni Loan

All interested traders in the loan must meet the following requirements in order to get their loan request approved.

1. Interested applicant must be 18 years and above
2. Interested applicant must be business owner or trader
3. Trader/Business Owner must be a Nigerian
4. Trader/Business Owner must belong to a market cooperative union in your location
5. Trader/Business Owner must have a valid BVN
6. Trader/Business Owner must have valid identification
7. Trader/Business Owner must have valid SIM/Phone number that is register with the service provider.

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TraderMoni Agent Application Form

This article contains all you need to successfully apply to become a Trader Moni Agent in any of the below mentioned states

Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Kaduna, Kogi, Kwara, Lagos, Jigawa, Kano, Katsina, Kebbi, Rivers, Abia, Adamawa, Akwa-Ibom, Anamabra, Bauchi, Bayelsa, Nassarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Sokoto, Taraba, Yobe, Zamfara, Abuja

We will be simplifying the processes involved in applying for the agent/enumerator role. If you have any issues, contact us on our social media platforms or the comment box below.

How to register and become a Trader Moni Agent/Enumerator?

To become a TraderMoni Agent in any state of Nigeria, you need to apply through the Directors in-charge of your state/area or locality.

Another method is to approach existing agents in your region for further detailed guide on how to apply and be successful as a trader moni agent.

How to be fully involved in TraderMoni

You may have searched for any of the following www.tradermoni.com.ng, www.tradermoni.ng, trader Moni Website, Trader Moni Registration Portal etc. We hope we have been able to give you all the information you need to successfully become an agent.

The ‘Trader Moni’ initiative is a mobile phone driven technology. As soon as your details have been captured by the loan agent, it will be sent to the Bank of Industry (Boi) system for validation. This usually takes place within 48 hours. As soon as it has been validated you will get cash notification in your mobile wallet account. You can either transfer the cash to your bank account or cash it out at any mobile money agent.

If you have any further questions, feel free to ask us using the comment box below.

For more information on Trader Moni Loan Scheme by the Federal Government kindly subscribe to this website using your active email address. Subscription is totally free.

Please do not fail to connect with us via our various platforms below; for more clarity contact our admin.

If you have any question about TraderMoni, we will be willing to answer them.

Subscribe to this site using your email for direct TraderMoni update. Subscription is free.

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Tradermoni loan is still on and after successful application you are expected to receive your loan in your account, you can do this through the use of eyowo.

Eyowo is the registered approved financial partner of TraderMoni.

You can receive your money through the use of the Tradermoni Eyowo transfer codes. This makes the process of receiving funds very easy by simply dialling a USSD code on your phone.

How to Transfer TraderMoni Loan from Eyowo Wallet to Your Bank

As soon as your tradermoni eyowo mobile money wallet account has been credited with the loan you can use the code below to transfer the money directly into any bank of your choice for withdrawal.

Tradermoni Eyowo Transfer Codes for Banks in Nigeria

ECOBank

Dial: *4255*50*2*3*Account Number#

First Bank:

Dial *4255*50*2*4*Account Number#

FCMB:

Dial:*4255*50*2*5*Account Number#

UBA:

Dial: *4255*50*2*13*Account Number#

Union Bank:

Dial *4255*50*2*14*Account Number#

Wema Bank:

Dial *4255*50*2*16*Account Number#

How to transfer trademoni funds to other banks with eyowo app?

Through the eyowo mobile money technology you don’t need to have a bank account.

With eyowo app, your money can easily be transferred. From the mobile wallet, you can transfer money to any bank account, withdraw it from an ATM, withdraw cash from an agent, transfer money to another phone number, or purchase airtime.

You can use this medium to transfer to any other bank not listed above, dial *4255# and follow the on the screen instructions.

You must have your six digit pin which serves as your password to make transfer. The 6-digit pin code is your key to your tradermoni eyowo balance. Keep it safe, you would need it.

Please note that some states use another form of mobile wallet to collect the loan.

How to use AKU Mobile Wallet to collect the tradermoni loan?

1. Tap on your balance.
2. Select Withdraw.
3. Select where you will withdraw the physical cash (ATM / Retailer).
4. Select / Enter the Amount you would like to withdraw of your Wallet.
5. Enter PIN.
6. You will be given a voucher number and pin to use at the Standard Bank ATM or retailer when you collect your cash.

Easy Steps on How to pay back your Trader Moni Loan – Approved Banks

Please do not fail to connect with us via our various platforms below; for more clarity contact our admin.

If you have any question about TraderMoni, we will be willing to answer them.

Subscribe to this site using your email for direct TraderMoni update. Subscription is free.

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Trader Moni Loan was given to small scale business men/women to help boost their business. As the name implies TraderMoni is a loan and all loan must be paid. In the case of Trader Moni, when you successfully repay your loan, you will be qualified to get a higher amount. This is to encourage all those who collected loan to pay back the loan and increase/expand their business.

How To Repay Trader Moni Loan

Please note that It is important for all Trader Moni Loan beneficiaries repay their Trader Moni loan before the end of six (6) months, it is advisable to pay a little amount every week to enable you payback the money you collected with the little interest, so you will be able to collect more money.

You must pay back the loan, to avoid embarrassment, failure to do so would lead to closure of all your bank accounts and extra charges. You can easily be contacted through your BVN so failure to pay is not an option.

Trader Moni Loan Payment Pattern Update

Loan beneficiaries can get their trader moni loan easily, remember how to apply and collect the trader moni loan here today.

The trader who collects N10,000 is required to be payback N430 every week for 6 months (or sooner) to expand their business. Traders who payback will AUTOMATICALLY be entitled to another LOAN of N15,000, and then N20,000, and then N50,000.

Therefore, traders who pay diligently can get a loan up to N50,000 to expand their business, and this is automatic. The initiative will go a long way to help micro business become viable businesses while strengthening the economy which is the goal of the present Government of Nigeria.

Trader Moni Payment Structure and How to Collect Higher Amount

The first stage, you collect ₦10,000. When you pay back ₦10,250 before or within 6 months, you will be able to collect ₦15,000.

When you collect ₦15,000, you are expected to pay back ₦15,375 before or within 6 months, you will be able to collect ₦20,000 loan.

When you collect ₦20,000, you are expected to pay back ₦21,000 before or within 6 months, you will be able to collect ₦50,000 loan.

When you collect ₦50,000, you are expected to payback ₦52,500 before or within 6 months, you will be able to collect ₦100,000 loan which you are also expected to pay.

Approved Banks To Repay Trader Moni Loan

When you are ready to pay back your Trader Moni loan, you must visit only approved banks by the Federal Government. We have listed the approved banks below, visit the bank near you to repay the loan.

• Eco Bank
• Fidelity bank
• GT Bank
• Heritage Bank
• Jaiz bank
• Stanbic Bank
• Sterling Bank
• UBA
• Union bank
• Wema bank

How to collect another Trader Moni loan- Collect Higher Amount

After payment of the loan you collected, you can apply to collect a higher amount. Simply follow the steps below

To request for another tradermoni loan;

• Contact the Trader Moni agents in your area for assistance
• If there are no available agents, you can use the online method to apply for the loan

Would you like to be a Trader Moni Agent in your State? See how to become a trader moni agent below

How to become an Approved Trader Moni Agent/Enumerator in your State- Click Here

Please do not fail to connect with us via our various platforms below; for more clarity contact our admin.

If you have any question about TraderMoni, we will be willing to answer them.

Subscribe to this site using your email for direct TraderMoni update. Subscription is free.

CONNECT WITH US

JOIN US ON FACEBOOK- CLICK HERE

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SPEAK WITH ANY OF OUR ADMIN- CLICK HERE

Easy Steps on How to pay back your Trader Moni Loan – Approved Banks