Find answers to your most pressing questions about our products and services.
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
Once you complete our initial verification process, applying for a new float on Moni takes less than 3 minutes.
Clusters are communities of 5 - 40 POS agents.
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.
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 provides float for mobile money agents ONLY. Moni does not provide personal or business loans. In addition, float disbursed to mobile money agents shouldn't be diverted for personal use. Our goal is to help mobile money agents prosper.
A new Moni agent can get up to N100,000 for their first float.
Subsequent on-time repayments would lead to increase until they can access up to N3million for their businesses and the increase in loan amount is instant.
Yes! Mobile money agents can be recommended by other agents within their communities to become Cluster Heads on Moni.
No. Float can only be accessed via the official Moni app available on the Google Play Store.
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.
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.
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.
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.
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.
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.
The policy limit is subject to the sum insured by individual agents. For instance, for an agent with a working capital of N100,000 per month, the limit per occurrence is N100,000 while the annual limit of liability will be N1,200,000.
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.