Hello,

If u've heard of the CBN MSMEDF loans then u'll have an idea of what I'm about to write about.

The CBN has given out loans for micro, small and medium scale loans in Abuja.
The interest on this loan is 9%, with a repayment period of at most 1 year, the loan is being given through Hasal microfinance bank and can be accessed either as an individual or through a co-operative society. Larger companies can access the loans individually (with collateral), but the micro and small scale companies can access up to N500,000 as a co-operative society (with no collateral).

In light of this we have decided to start up a co-operative society with the initial purpose of accessing this loan and we hope to continue and grow it into a loan and thrift society as well as a multi-purpose co-operative society.

To start up one we need to be atleast 20 members to be able to register the co-operative society at Amac and the bank will be able to give 10 people the loan at 1st and when the money is paid back another set of 10.

Criteria for the loan:
You must have an already existing business.
No business is too small.
If u're into importation business this loan is not for u as it is meant to improve the Nigerian economy.
U don't need to have an account with Hasal Bank but u must be willing to set up one before u can access the loan.
You don't need to have a registered business or an office, your business will be judged through the account you run/will run with the bank as well as verification that the said business exists.

Criteria for the co-operative society:
Entrepreneurs and aspiring entrepreneurs are welcome.
You must be honest as your collateral is the co-operative society which will guarantee you for the loan.
You must be willing to be a member not just to access this loan but to participate in it's growth and be able to create a credit and thrift society which will be beneficial in the future to your business.

Please read through thoroughly and if u're interested in joining the co-operative society and accessing this loan, pls call 08181439414 or e-mail: ekilouievents@gmail.com.
Only serious people should call. Thanks

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Still on

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