Here’s everything you need to know about the trader Moni BIO loan application and all the basic requirements for accessing the trader moni loan.
The federal government of nigeria under the leadership of president Buhari/osinbanjo through the bank of industry commissioned a soft SME grant which will help small and medium scale businesses owners obtain the much needed capital to push their business further.
Since the inauguration of the trader moni loan many people have been calling and asking about how to get the trader moni application link, well in the publication we will also share all the basic requirements for accessing the Federal government grant.
Businessplaninnigeria has this step by step guide detailing break downs involved in other to benefit from the Trader Moni Loan Scheme
At the time of writing the report many traders has already started benefiting form the soft loan and you too can also apply for the trader moni BIO granta
Although the scheme officially flagged off in Lagos State, we will like to inform prospective entrepreneurs that you can equally access the Federal government grant whether you are in Kano State, Kaduna State , Niger State, Edo State, Rivers State etc you can apply and have access to this Trader Moni grant.
Via this trader moni scheme, the Federal government aims to aims setup 2 million Nigerian traders every year. When you successfully register for the trader moni loan, you will have opportunity to receive a soft loan of 10,000 naira with a duration of six (6) months maximum to pay back
Requirements for the MarketMoni/Trader Moni FG Loan Scheme
You must be a Nigerian
You must be 18 years and above
You must be a business owner or a trader
You must belong to a market cooperative union in your location
You must have a valid identification
You must have a valid BVN
You must have a valid SIM/phone number that is register with the service providers
Federal Government Scheme Trader Moni Application
The online loan application portal has been created for the convenience of BOI’s prospective SME customers in the sense that they do not initially have to come physically to the Bank to submit their loan applications. It also has the advantage of shortening the loan processing Turn-Around-Time (TAT) of the Bank. The portal has document uploading capability as well as allows the loan applicant select the preferred BOI State Office location where the application will be processed. The online loan application portal can be accessed on the Bank’s website: www.boi.ng/apply.
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