Federal Government TraderMoni Scheme 2026 - Free N10,000

The Federal Government TraderMoni Scheme is one of the most impactful poverty reduction and economic empowerment programmes ever launched by the Nigerian government. This collateral-free, guarantor-free micro-credit programme provides free loans to petty traders, market women, artisans, and small business operators across all 36 states and the FCT to help them grow their businesses and improve their livelihoods. About the TraderMoni Scheme TraderMoni is a component of the Government Enterprise and Empowerment Programme (GEEP) managed by the Bank of Industry (BOI) on behalf of the Federal Government of Nigeria. The programme was designed to provide financial inclusion to the millions of Nigerians who operate small informal businesses but have no access to conventional bank loans due to lack of collateral, credit history, or formal documentation. TraderMoni has already reached over 2 million beneficiaries across Nigeria since its launch. How the Programme Works TraderMoni operates as a progressive loan scheme meaning that as you repay your loan you become eligible for a higher loan amount. The loan progression works as follows: First Loan of N10,000 — this is the entry level loan for all new beneficiaries. After repaying your N10,000 loan you qualify for a Second Loan of N15,000. After repaying your N15,000 loan you become eligible for a Third Loan of N20,000. Consistent repayment qualifies you for a Fourth Loan of N50,000. The highest loan tier is N100,000 for long-term beneficiaries with a strong repayment record. All TraderMoni loans are interest-free. You repay exactly what you borrowed — no interest, no hidden charges, no collateral, and no guarantor required. Who Can Apply TraderMoni is targeted at petty traders, market traders, roadside hawkers, artisans, farmers, and fishermen who operate small informal businesses in Nigeria. You do not need a bank account, collateral, or guarantor to apply for TraderMoni. You need a valid BVN (Bank Verification Number) and a valid means of identification. You must be a Nigerian citizen operating a small business. How to Apply To access TraderMoni you can visit any Bank of Industry office in your state or look out for BOI GEEP registration agents at major markets across Nigeria. Alternatively you can visit the official GEEP website at geep.gov.ng to register online. During registration you will provide your BVN, means of identification, and details of your business. Your loan is disbursed directly into your bank account or mobile wallet linked to your BVN. Where the Loans Are Available TraderMoni is available to traders and artisans in markets, motor parks, roadsides and communities across all 36 states and the FCT. Agents regularly visit markets to register new beneficiaries. Keep an eye out for BOI GEEP agents in your local market. How to Use Your TraderMoni Loan The loan is meant to be invested directly into your business to generate returns that allow you to repay and access larger amounts. Common uses include restocking your goods or raw materials, purchasing additional tools or equipment for your trade, expanding your business to a new location or product line, or covering unexpected business expenses. Repayment Repayment of TraderMoni loans is made weekly or monthly through your mobile wallet or bank account. The repayment schedule is flexible and designed to align with the cash flow patterns of small informal businesses. Important Warning TraderMoni is completely FREE to apply for. You do not need to pay any agent, government official, or individual to access TraderMoni. If anyone asks you to pay money to process your TraderMoni registration, they are a fraudster. Report all suspicious activity to the Bank of Industry at info@boi.ng. Visit micrise.com.ng daily for more government grants, loans and funding opportunities for Nigerian entrepreneurs and traders.