Happy workers day.

What is your take on loan and the after effect witnessed in most families whereby, one collects loan and to repay becomes a problem? Some Nigerians believe loan money is 'accursed money' that one can hardly repay.

Recently, I wanted to collect an entrepreneurial loan from AB bank after meeting the criteria, I just changed my mind based on the fact that you find it easy to get some loans and desperation will blind you from seeing the dangers ahead.

How effective is a loan system that exclude upstarts in business? I thing there should be a forum for already practising enterpreneurs but whose business is still at incubating stage, if this country is serious about growing her micro-economy.

Also, I firmly believe that a business that cannot raise you a modest initial running capital is not worth financing on borrowed fund. Moreso various companies loan their workers enough money to keep them as perpetual-staffs, hampering mobility of labour.

What's your take on workers or enterprise loans?

Well loans are for business savvy people who have financial intelligence

dingbang:
Well loans are for business savvy people who have financial intelligence

True that,

But business savvy and financial intelligence are two quite expensive skills to have together at a time and still be in need of loan na.

absoluteSuccess:


True that,

But business savvy and financial intelligence are two quite expensive skills to have together at a time and still be in need of loan na.

dangote is a good example.. He still takes loans...

dingbang:
dangote is a good example.. He still takes loans...

Yes yes that's true.

But is it always safe to follow the footprint of a dangote whom you don't have the idea how he get and disburses his loan?

Can I go for a loan because its the fad of business prestige?