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Find answers to your most pressing questions about our products and services.

About Moni

What's Moni?
How do I get a loan from Moni?
How long does it take to be approved for a loan?
What are Clusters?
How much interest does Moni charge on loans?
Joining Moni

What's Moni?

Moni is a suite of financial products for Mobile money agents powered by social trust.

Unlike traditional financial institutions, we do not require traditional collateral upfront to provide you with a loan. With us, the required collateral is people in your community, who know and trust you and can put in a good word for you

How do I get a loan from Moni?

Download the app by searching for Moni on the Google play store. The Moni app is also coming to iOS soon.

Join a Cluster. To join, get a cluster code from any of our growing number of Cluster Heads in the country you're resident in and in which the Moni App is available.

How long does it take to get approved for a loan on Moni?

Once you complete our initial verification process, applying for a new float on Moni takes less than 3 minutes.

What are Clusters?

Clusters are communities of 5 - 40 POS agents.

How much interest does Moni charge on loans?

The Moni float is offered at flexible interest rates and calculated based on the tenor of your float.

Our interest rates are designed with the prosperity of our Agents and Communities in mind.

Joining Moni

It's easy to get started on Moni! Join any one of our exclusive Communities around you!

In the event that you're unable to locate a Moni Community around you, join the waitlist by clicking Join Cluster button and we'll connect you to the nearest Moni Community to you.

Moni float

I applied for a loan but I have not been credited.
Error: Account detail provided does not match provided BVN accounts.
Error: You have reached the number of BVN check limit. Please try again in 1 year.
Can I repay my loan to the Moni's other bank account?
Repayment Date: N/A?

I applied for a loan but I have not been credited.

Disbursements within the app are instant. In cases where disbursement is not received within 5 mins, kindly reach out to your Cluster Head. Your Cluster head would liaise with the Moni team to find out the status of your disbursement.

Please note that for delayed disbursements, it may take up to 5 hours to reprocess a disbursement to the agent.

Error: Account detail provided does not match provided BVN accounts.

If you get this error within the app, hit the okay button and enter the account details from the bank where you originally signed up for your BVN.

Error: You have reached the number of BVN check limit.  Please try again in 1 year.

This message is displayed when agents fail to enter their details on the app exactly as it is in their BVN records. If, after 3 attempts, we're unable to verify that the details you have entered match exactly what you have in your BVN records, you'll be locked out of the application for one year.

To resolve this issue, please visit the bank where your BVN was originally registered at to get your exact BVN details. Then, you'll need to reach out to your Cluster Head to have the Moni team unblock your profile, giving you access to enter your correct information.

Please note that the process of unblocking you may take 24 - 36 hours.

Can I repay my loan to the Moni's other bank account?

We strongly encourage all agents to make their repayments via the app. In the event that you're unable to make your repayment via the app, kindly reach out to your Cluster Head who would liaise with the Moni team to resolve this.

However, if a repayment is eventually made directly to our bank accounts, it may take between 24 - 48 hours to confirm the payment and reconcile your account.

Repayment Date: N/A?

If N/A is displayed under the Repayment Date field in the app, it means there was an error in disbursing your loan. When this happens, kindly reach out to your Cluster Head who would liaise with the Moni team to resolve this. Once this is resolved, you would be able to re-apply for a loan.

Moni Insure

What is Moni’s Money Insure?
Benefits of Moni Insurance Policy
Policy Limit Breakdown:
Terms and Conditions
Claims Requirement

I applied for a loan but I have not been credited.

Disbursements within the app are instant. In cases where disbursement is not received within 5 mins, kindly reach out to your Cluster Head. Your Cluster head would liaise with the Moni team to find out the status of your disbursement.

Please note that for delayed disbursements, it may take up to 5 hours to reprocess a disbursement to the agent.

Error: Account detail provided does not match provided BVN accounts.

If you get this error within the app, hit the okay button and enter the account details from the bank where you originally signed up for your BVN.

Error: You have reached the number of BVN check limit.  Please try again in 1 year.

This message is displayed when agents fail to enter their details on the app exactly as it is in their BVN records. If, after 3 attempts, we're unable to verify that the details you have entered match exactly what you have in your BVN records, you'll be locked out of the application for one year.

To resolve this issue, please visit the bank where your BVN was originally registered at to get your exact BVN details. Then, you'll need to reach out to your Cluster Head to have the Moni team unblock your profile, giving you access to enter your correct information.

Please note that the process of unblocking you may take 24 - 36 hours.

Can I repay my loan to the Moni's other bank account?

We strongly encourage all agents to make their repayments via the app. In the event that you're unable to make your repayment via the app, kindly reach out to your Cluster Head who would liaise with the Moni team to resolve this.

However, if a repayment is eventually made directly to our bank accounts, it may take between 24 - 48 hours to confirm the payment and reconcile your account.

Repayment Date: N/A?

If N/A is displayed under the Repayment Date field in the app, it means there was an error in disbursing your loan. When this happens, kindly reach out to your Cluster Head who would liaise with the Moni team to resolve this. Once this is resolved, you would be able to re-apply for a loan.

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Moni float

I applied for a loan but I have not been credited.
Error: Account detail provided does not match provided BVN accounts.
Error: You have reached the number of BVN check limit. Please try again in 1 year.
Can I repay my loan to the Moni's other bank account?
Repayment Date: N/A?

I applied for a loan but I have not been credited.

Disbursements within the app are instant. In cases where disbursement is not received within 5 mins, kindly reach out to your Cluster Head. Your Cluster head would liaise with the Moni team to find out the status of your disbursement.

Please note that for delayed disbursements, it may take up to 5 hours to reprocess a disbursement to the agent.

Error: Account detail provided does not match provided BVN accounts.

If you get this error within the app, hit the okay button and enter the account details from the bank where you originally signed up for your BVN.

Error: You have reached the number of BVN check limit.  Please try again in 1 year.

This message is displayed when agents fail to enter their details on the app exactly as it is in their BVN records. If, after 3 attempts, we're unable to verify that the details you have entered match exactly what you have in your BVN records, you'll be locked out of the application for one year.

To resolve this issue, please visit the bank where your BVN was originally registered at to get your exact BVN details. Then, you'll need to reach out to your Cluster Head to have the Moni team unblock your profile, giving you access to enter your correct information.

Please note that the process of unblocking you may take 24 - 36 hours.

Can I repay my loan to the Moni's other bank account?

We strongly encourage all agents to make their repayments via the app. In the event that you're unable to make your repayment via the app, kindly reach out to your Cluster Head who would liaise with the Moni team to resolve this.

However, if a repayment is eventually made directly to our bank accounts, it may take between 24 - 48 hours to confirm the payment and reconcile your account.

Repayment Date: N/A?

If N/A is displayed under the Repayment Date field in the app, it means there was an error in disbursing your loan. When this happens, kindly reach out to your Cluster Head who would liaise with the Moni team to resolve this. Once this is resolved, you would be able to re-apply for a loan.

Moni Vault

What is Moni Vault?
What are the savings plans available?
Will I be charged for withdrawing my savings?
Is my card safe on Moni Vault?

Moni Loan

Can I access loans if I’m not a mobile money agent?
How much loan can my business access on Moni?
What is the collateral Moni requires for a loan?
How long does a Moni loan last?
What is a Moni Cluster?

Insurance

What does the insurance cover?
How much does the insurance cost?
How long will the insurance cover me?
How do I file a claim?
What do I need to make a claim?

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