any new development or gudnews on boi loan approval

Any update about the planned protest in Abuja?

edoman2016:
Any update about the planned protest in Abuja?

The protest has been suspended for now. I had a meeting with the PA to the SA of he President on youths and student affairs and he was very helpful and gave me a template to share with the group on how to go about creating a proper petition that he can show his boss who can in turn show the president. It is not an easy task as at least 40% of us needs to sign the petition. We are currently drafting the petition then we will proceed to gathering signatures. Please spread the word especially to other participants on the signture gathering.

@ Jethrolite, where and how will the petition be signed?

CuteTj:
@ Jethrolite, where and how will the petition be signed?

No concrete plan yet.

lets make the plan snappy. this is new year. the earlier we start, the better.

https:///JVTgcwi2Gk0LNDL6MQfwEG

This is the link to the whatsapp group. Please we need as many as possible signatures attached to the petition.

It seems guys have lost enthusiasm in this programme. There is no further comment here again. God help us all.

The Tony Elumelu grant for Entrepreneurs is open for applications http://tonyelumelufoundation.org/programme/

edoman2016:
It seems guys have lost enthusiasm in this programme. There is no further comment here again. God help us all.

It is not wise to coordinate our activities here in the open. We already have our agenda drawn out and being activated in the whatsapp chat group. Here is the link to join for stakeholders.

https:///JVTgcwi2Gk0LNDL6MQfwEG

Pls entrepreneur, I want you guys to help with BOI NETWORTH FORM. Sent it to esunnamso@gmail.com. Thanks

BOI has clarified that your guarantor will not drop anything as collateral for the loan requested. they said your guarantor will only do a notarised networth and submit photocopies not original of the properties they have declared to proof ownership not for collateral sake. infact they say,the worth is not mandatory to be equivalent to what you are getting, just their networth whether 10k or 100m. this i got when my account officer called me after not seeing me for weeks after offer letter has been collected. so all should note and avoid any further fear.in case i default i asked, i will be held responsible not my guarantor but if i abscond,my guarantor will be in my place but no property of the guarantor declared is a collateral...he clearly said this as i told him the fear many had is this guarantor issue. he further said,all this was in place to avoid abuse by some of us who will misappropriate the funds...kapish?

Pls guys,i'll like to know the deadline for application.Its important.
Thnks

dexter1983:
BOI has clarified that your guarantor will not drop anything as collateral for the loan requested. they said your guarantor will only do a notarised networth and submit photocopies not original of the properties they have declared to proof ownership not for collateral sake. infact they say,the worth is not mandatory to be equivalent to what you are getting, just their networth whether 10k or 100m. this i got when my account officer called me after not seeing me for weeks after offer letter has been collected. so all should note and avoid any further fear.in case i default i asked, i will be held responsible not my guarantor but if i abscond,my guarantor will be in my place but no property of the guarantor declared is a collateral...he clearly said this as i told him the fear many had is this guarantor issue. he further said,all this was in place to avoid abuse by some of us who will misappropriate the funds...kapish?

@dexter,thnks for the info.. Pls i'll like to ask,if you know the deadline
for application.Its important. Thnks

Bonzoker:

@dexter,thnks for the info.. Pls i'll like to ask,if you know the deadline
for application.Its important. Thnks

Application or offer?

dexter1983:

Application or offer?

Offer

Bonzoker:

Offer

3 months

dexter1983:

3 months

Thnks alot Dexter

Which state of the federation is that pls?

dexter1983:
BOI has clarified that your guarantor will not drop anything as collateral for the loan requested. they said your guarantor will only do a notarised networth and submit photocopies not original of the properties they have declared to proof ownership not for collateral sake. infact they say,the worth is not mandatory to be equivalent to what you are getting, just their networth whether 10k or 100m. this i got when my account officer called me after not seeing me for weeks after offer letter has been collected. so all should note and avoid any further fear.in case i default i asked, i will be held responsible not my guarantor but if i abscond,my guarantor will be in my place but no property of the guarantor declared is a collateral...he clearly said this as i told him the fear many had is this guarantor issue. he further said,all this was in place to avoid abuse by some of us who will misappropriate the funds...kapish?

Cypus01:
Which state of the federation is that pls?

Oedo

Each of Your guarantors must be worth the amount you are asking for.

Is that the latest info from ur loan officer?

dexter1983:
Each of Your guarantors must be worth the amount you are asking for.

Cypus01:
Is that the latest info from ur loan officer?

Yes

dexter1983:
Each of Your guarantors must be worth the amount you are asking for.

I've known this since early January.

Same story o...I told the BOI staff that did he know YES is s failure because of the guarantors condition, because not up to 50 people across the nation have accessed it less than 5%

@dexter1983, is it true that applicants need to personally secure or rent a factory space/office before BOI can appraise and grant the loan application. Also are you an exsting or new business? It seems it is only existing business that has been given offer letter yet.

Because that is what my loan officer is just telling me. He said i must have rent a factory space before he can appraise my documentation for pucurement of machinery and equipment. I taught there is a provision for working capital in YES-P loan. Anyone should reply me cause i do not understand this BOI anymore.

edoman2016:
@dexter1983, is it true that applicants need to personally secure or rent a factory space/office before BOI can appraise and grant the loan application. Also are you an exsting or new business? It seems it is only existing business that has been given offer letter yet.

Because that is what my loan officer is just telling me. He said i must have rent a factory space before he can appraise my documentation for pucurement of machinery and equipment. I taught there is a provision for working capital in YES-P loan. Anyone should reply me cause i do not understand this BOI anymore.

i am already existing business. I think you must have gotten an office space because the other guy with me had to rent a place and the BOI came for supervision of the place before they approved his offer letter and he had to do that with his cash.

Pls, for those who have been approved or interviewed, do you think they will finance the renting of a business premise or would you have to finance it yourself.