TraderMoni is a Government Enterprise and Empowerment Programme (GEEP) Initiative created to boost the Nigerian economy through leverage for petty traders.
TraderMoni, MarketMoni, and FarmerMoni Disbursement Date
Verified beneficiaries receive a text message on their phone, asking them to respond to a loan offer. Once they accept, their mobile wallet is funded with the loan amount. The beneficiaries can choose to transfer the money to their bank account or receive cash via an agent in their market
When will Trader Moni, Market Moni, and Farmer Moni Start Payment?
The Federal Government has approved 23rd July 2022 for the payment of TraderMoni, MarketMoni, and FarmerMoni to all business (market people and farmers) people.
How Much is TraderMoni, MarketMoni, and FarmerMoni Payment
How Much is Market Moni
MarketMoni was the first loan product launched by GEEP. It is a 6-month interest-free loan, starting from N50,000 ($139) for small businesses under the auspices of their cooperative societies or market associations. This loan product has helped small business owners scale their business, while offering them a comfortable repayment period.
How Much is Trader Moni
TraderMoni is the entry level loan product for GEEP. It is a 6 month interest-free loan, starting from N10,000 ($28) aimed at petty traders and artisans. This loan is targeted at the everyday market trader, who makes a living from what they sell on a daily basis and whose product inventory ranges from N2,000 – N5,000. This loan immediately provides them with a structured way to increase their inventory, while repaying the loan. Most beneficiaries of this loan product are first-time receivers of a loan from a formal financial lender.
How Much is Farmer Moni
FarmerMoni is a loan product targeted at the smallholder farmers in the agriculture sector. This product is a 6-9 months interest-free loan, starting from N250,000 ($694) for farmers within farming clusters. The loan is tailored to suit the peculiarities of the different planting seasons and farming requirements. This product also includes a guaranteed off-taker who commits to purchasing the farming producer from beneficiaries of this loan for the purpose of local food production.