The TraderMoni loan is designed for payback within the 6months to enable access for others. It is important that you apply for an amount you can repay comfortably over 6 months.
To repay your TraderMoni Loan, walk into any of the following banks, GTB, UBA, Ecobank, UnionBank, Stanbic, Sterling, Wema, Fidelity, Heritage, Jaiz.
As soon as you pay back, you can apply for trader moni loan of higher amount.
“At the beginning you can access N10,000 and pay back N10,250 to qualify for N15,000. Once you payback N15,375 you will qualify for N20,000 loan, when you pay back N21,000 you will get N50,000. All these stages have duration of six months interval to pay back.”
Tell the bank you would like to pay your “BOl-GEEP” loan on PayDirect. Give them your phone number and the amount you would like to pay.
TraderMoni is a product under the Government Enterprise and Empowerment Programme (GEEP), a microcredit social intervention programme of the Federal Government of Nigeria.