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Nairaland Forum / Nairaland / General / Politics / Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today (7064 Views)
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Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by 040drogba: 5:44am On Aug 17, 2019 |
Please when will kebbi state pay thier own trader moni. |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by Ryan03(f): 10:33am On Aug 17, 2019 |
obojememe:the money nor reach to feed family for two days for this economy o |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by drskyfly007(m): 10:36am On Aug 17, 2019 |
Pls what can a 10k loan do in this present economy |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by Ryan03(f): 10:41am On Aug 17, 2019 |
deji17:abeg nor talk this kind thing again o, so you think 10k is something to be applauded for? not in support of pdp either, both have failed the country but this trader money thing is rubbish |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by Ryan03(f): 10:45am On Aug 17, 2019 |
olaolaking:i don't think it's about being pompous although Nigerians are funny people who are mostly hypocrites but that 10k is just laughable. |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by Ryan03(f): 10:47am On Aug 17, 2019 |
post=81317459:please stop this, I know you are their loyal fan but please try to be truthful na |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by Ryan03(f): 10:48am On Aug 17, 2019 |
post=81317504:just wow! |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by olaolaking: 12:58pm On Aug 17, 2019 |
Ryan03:You think it is laughable because you are seeing it from your own angle. Many people are doing business with 2500 naira that they borrow 1 Like 1 Share |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by deji17: 3:02pm On Aug 17, 2019 |
Ryan03:. Remember 23, 000 petty traders in Enugu alone, applied and were given this loan. For some petty traders, the total amount of their wares is about that N10k. You give them a loan of 10k, you automatically double their capital. The N10 is for you to build your credit history. As you pay back the Loan, you are approved for higher loan. N15k, N20k up to N50K. From there you graduate to medium scale business and can access Market money loan, which is up to N350K. Mind you these are colateral free loan. No bank will borrow you money without collateral but Govt is using this scheme for people to build their credit history. It shows that when you borrow, you can pay back. At some point when you have grown your business to a large scale, you can access millions of Naira from BOI. Then you would be required to present your business plans, show your credit history, provide collaterals etc. This is why the trader moni is considered a bottom - up approach. |
Re: Osinbajo Inspects Beneficiaries of N10,000 Trader Moni in Enugu Today by faithfull18(f): 9:09am On Aug 19, 2019 |
Inspect 10k |
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