pls does anybody know about this new Micro finance Bank?(cant remember the exact name)

i'd like to get info on their procedure for giving business loans, and what limit they can give, thanks.

What collateral do you have in place ?

@ londoncool

erm. . . from what i heard via the grapevine (lol, sorry couldnt resist! ), the bank gives loans to small scale businesses based on viable business plans and not collaterals. unless i heard wrong!

besides thats why i need info from peeps that know about this bank. pls if u have any, kindly share. thanks.

What area of business do you intend to deal in ? Do you have a feasibility report that projects your business ventures' income,turnover,profit and pay-back analysis over the next 5-10 years ?

well, i have a very good business idea which im positive will be a winner, given the right conditions. i havent done plenty research yet, so dont have any feasibility report per se. . . but i'm working on it!
a positive feedback to the topic would greatly encourage me in that direction too. ie if i know that i can get funding from somewhere, then i'd be able to concentrate more on fine tuning my plans, making it foolproof, and also setting future projections.

Most Microfinance banks in Nigeria will require you get two guarantors to sign post-dated cheques for you.
They do not have conventional collateral terms, but that really is COLLATERAL!

The name of the bank is IMFB

Website: www.imfb-bank.com/

Men I've done a lot of research on getting loans in Naija. That I know almost all this ppl.

Dont try to send them an email. Go to there office. They dont reply emails

thanks Tes, i appreciate.

i was about to mention imfb, all thesame i learnt there terms are fair enough and could finance small projects. all the best