Well due to the unemployement rate in the country iam sure you know how rewarding it will be if you can get a loan start your own business pay back your loan, then expand your business.
But now is it that easy to get a loan without collateral well it is easy and at the same time not easy. Because this kind of loan is not meant for everyone it is only meant for people with business mindset who can run a business successfully. It will interest you to know that the right information on how to get loan without collateral is know where to be found. Only very few people have the access to the right information on getting loan without collateral and iam going to explicit everything here so that everyone will also have acess to the right information on loan without collateral.


[b]There are 2 types of loan without collateral
Small business loan mostly for startups businesses. The loan range is 50000 – 1million.large business loan mostly for expanding businesses, loan range is usually 1 million to 50 million.

LOAN WITHOUT COLLATERAL COMES IN THREE FORMS.
¤Loan without collateral at high interest rate
¤Loan(no collateral) at low or no interest rate
¤Loan(no collateral) non payable loan
1. Loan (no collateral) at high interest: this type of loan are being lend by large credit banks. It carries a high interest rate with a short payment time. This type of loan with only be given to you with a lot of trust from the lender. You will also need to prove your efficiently in what you are investing the money into. The business must be a profitable one for you to be able to convince the lender that you will pay back his money in full amount with all the interest attached to the loan in the shortest period of time. It is strongly adviseable to go for this kind of loan if you have a lot of business ideas or you are already operating a business so that if one fails you fall back to the others . This was the type of loan that dangote got and he paid back in 3 months
Requirements
2 guarantors
A well prepared business plan( without this forget about the loan)
2.Loan(no collateral) at low interest: this type of loan are being lend by small investors and large microfinance banks being given to start ups who have little or no experience at all. The loan range is usually 3 to 6 years. The loan amount is usually range from 50,000 – 1 million. This type of loan fit in for businesses that take some time before profit start rolling in like fish farming, poultry farming, rabbit rearing.
Requirements
2 guarantors
A well prepared business plan[/b]

[b]LOAN NO COLLATERAL(NON PAYBACK LOAN)
Also known as a grant.
What is a grant?
A grant is an aid in the form of cash given by either government, private enterprisesetc which you dont have to pay back.
Government grant (YOUWIN)
YOUWin is an acronoymn that stands for youth enterprises with innovation in nigeria (Youwin) competition put together by the federal government to empower the youths about 1 million people appy for the competition yearly but only 6000 people are chosen for the next round and just 1200 are being given the grant of 10million. The only pick the best 6000 business plans and train them and the undergo them in another competition and then 1200 will be given the grant while the remaining 4800 will only be told to try next time.
Do's and Donts of YOUwin
A well prepared business plan; this is the no one factor as your business plan must be absolutely unique as they dont look at any other thing other than your business plan.
A ggod business idea in chosing a business idea you have to pick out an idea from the agricultural section if you are really serious about winning YOUwin you can also go for the ICT sector, or traning sector a s these twoo also have high chances of wining too.
Also dont go for ideas that is too rompsy ie everyone is venturing into. Infact run away from them an example is import biz, any form of investment, like forex , hyip Go for ideas that no body is willing to go into just like i said ealier how many people are willing to go into the agricultural sector e.g poultry farming, fish farming, rice cultivation, cashewproduction, dog breeding livestock feed and also the training sector like creche school, primary school educational training sector. And business production that will increse export and reduce import, provide employement and reduce unemployement. For example if Mr A's business will create employement for 20 people and Mr B's business will create employement for 100 people.[/b]

ARE THERE PEOPLE FOLLOWING.
IN MY NEXT POST I WILL BE TALKING ABOUT HOW YOU CAN GET THIS GOVERNMENT GRANT FOR FREE

please, try and explain in details any loan scheme u know here esp the microfinance loans and other grants apart from youwin cos av registered for it.

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