Trader Moni Loan Registration Portal 2023 is now open. This is a complete guide on you can apply for Trader Moni Loan online. TraderMoni is a loan programme of the Federal Government, created specifically for petty traders and artisans across Nigeria. TraderMoni is a mobile phone-driven initiative. Unlike MarketMoni, you don’t need to be a member of a cooperative to access it.
If you want to benefit from the Federal Government trader moni boi project, you will have to first go through a trader moni registration process. Unlike Market Moni registration which requires you belong to an accredited market association or cooperative, all you have to do is to find a trader moni agent in your state and register for a trader moni loan. Trader Moni works on the idea of providing interest-free loans to petty traders and artisans. The more you collect and pay back, the higher your credit.
The agent will capture your details which will include :
- your full name
- date of birth
- gender
- home address
- phone number
- email address
- geo political zone
- trader type
Trader type could be :
- Food Stuff Vendor
- Product Vendor
- Telcom Service Vendor
- Clothing and Wears Vendor
- Other Product/Service Vendor
After you complete your trader moni application, you will have to wait for a text message from trader moni. If you qualify, you will receive a text message with a code you will dial to get the funds.
How To Transfer Trader Moni To Bank Account
You can use your mobile app to transfer trader moni to your bank account. You can download your app from the Google play store (for Android) or the Apple app store (for iPhone, and iPad). If you are not connected to the internet or you don’t own a smartphone or you simply prefer using USSD for transactions, simply dial *4255# and follow the prompts.
