TraderMoni is a Federal Government of Nigeria microcredit scheme under the Government Enterprise and Empowerment Programme (GEEP). It targets petty traders and artisans who usually cannot access traditional bank loans, offering interest‑free, collateral‑free loans.
TraderMoni Geep Loan Summary
| Feature | Details |
|---|---|
| Full Name | TraderMoni (Trader + Money) |
| Parent Programme | Government Enterprise and Empowerment Programme (GEEP) |
| Administering Agency | National Social Investment Programme Agency (NSIPA) |
| Launched | 2016 (expanded significantly from 2018) |
| Starting Loan Amount | ₦10,000 |
| Maximum Loan Amount | Up to ₦300,000 (through progressive cycles) |
| Interest Rate | 0% (completely interest-free) |
| Collateral | Not required |
| Target Beneficiaries | Petty traders, artisans, market vendors, roadside sellers, nano-businesses |
| Coverage | All 36 states and the Federal Capital Territory (FCT) |
| Lending Model | Progressive (loan amount increases with each successful repayment cycle) |
TraderMoni Eligibility & Requirements
To qualify for TraderMoni under the FG GEEP loan, you typically need:
Basic Eligibility
- Nigerian citizen
- At least 18 years old
- Running a small trading activity or petty business in Nigeria
- Residing in any state or the FCT
TraderMoni Requirements
Exact details may be updated over time but usually include:
- BVN (Bank Verification Number)
- NIN (National Identification Number)
- Valid ID (National ID, Voter’s Card, Driver’s License, or others acceptable by the programme)
- Active phone number (for SMS, OTPs, and updates)
- Basic business details:
- Type of trade
- Market or street location
- Approximate daily/weekly turnover
- Bank account details (for disbursement/repayment, if applicable)
- In some cases, association/cooperative information (for traders registered under a market union)
TraderMoni Benefits
- Interest‑free:
You repay only the principal (no commercial interest), though you must follow official terms. - Collateral‑free:
No land documents, property, or big guarantors are required. - Designed for nano/petty traders:
Tailored to people selling in markets, on the streets, or from small kiosks. - Nationwide coverage:
Available across all 36 states and the FCT - Supports financial inclusion:
Helps informal and unbanked traders gradually enter the formal financial system
TraderMoni Geep Loan Application Portal
There are multiple channels through which eligible Nigerians can apply for or access TraderMoni. The primary method is through the official NSIPA online portal, but applications are also accepted during government-organized enumeration exercises and through USSD.