The app is a step by step guide on how to apply for Trader Moni loan provided by FG of Nigeria for traders, farmers and market women.
What is Trader Moni?
The federal government launched a new initiative, identified as “Trader Moni”, to empower two million petty traders across the country. Trader Moni was launched under the Government Enterprise and Empowerment Programme (GEEP) in August.
The micro credit scheme would grant a minimum of 10,000 loan facilities to petty traders in each state and the federal capital territory (FCT).
This ia a statement issued by Laolu Akande, spokesman to Acting President Yemi Osinbajo.
The Trader Moni scheme was designed to help petty traders expand their trade through the provision of collateral-free loans of at least N10,000 which would be repayable within a six-month period.
According to the statement, beneficiaries can get access to higher loan facilities ranging from N15,000 to N50,000 if they repay within the six-month loan term.
This app highlights the procedures, requirements and detailed processes on how to access the loan. Follow the guides and steps to have a successful loan application. Your loan with be made available in your bank account if you follow all the instructions.
Disclaimer: How To Apply for FG Trader Moni in Nigeria app is not affiliated to any of the information. The content in the app is a guide only and not an advice.