Good evening Nlanders. I am setting up a Palm kernel oil extracting mill in Imo state. I have acquired the land for the site, 2 ten tonnes machines, a 165 kva gen etc.
Presently I am in need of 2m to complete the site and start production.
Please where can I get such loan or get someone that can invest the amount for a period of 6 months and we share profits.
Note that after the expiration of 6 months I will pay back the 2m to the investor and profit will be shared 70/30.
Your advise, contributions and suggestions are welcome
Thanks

Someone suggested lapo. Does anyone know how they operate?

You've gone far bros! Lapo is like other micro-finance bank with interest rate of below 3%. I can recommend some firms to you,CALL 08037021479

@adejaz777 I appreciate. Thanks for your contribution. Will give you a call tomorrow

Well LAPO is a very good option but i think the highest they can give is 500k, but it can get up to a million if you have built a good business relationship with them over time and this involves paying for loan as at when due amongst other criteria, but this is the most important one.I talk from real-time and real life experience.

But please i would like to know How profitable is oil palm business and what is the minimum to start with.Thank you for your Kind response

@GAB1 its actually stressful when seeking for loan from banks with an existing banking relationship. But call 08033096215

Christaf:
@GAB1 its actually stressful when seeking for loan from banks with an existing banking relationship. But call 08033096215

Yea that's true. I am trying to explore the option of getting an individual who can invest then we negotiate terms which will be beneficial to us