LastMumu:
Why do you think your NYSC & HND certificate is worth up to a million naira? If you default on the loan, of what use is your certificates to me?

chrisbaxtian:



he won't be able to move forward in his career without them! me sef dey find loan, but na just N50k pere to be paid before Christmas

LastMumu:


You do not understand my question. Collateral security is meant to secure a loan for the loan giver should the loan receiver default on the agreed payment.
If he agrees to pay the money back say in the next two years but after 3 years he hasn't paid a dime, how do I get my money back?

OMOTOWO:
Good morning.I need a loan of N1m.I can afford to drop my NYSC and HND certificates as collaterals.I will definitely pay back with interest.I need this loan as a capital to start up a business for the benefit of my nuclear family.Someone should please help .Someone should quote me please

OMOTOWO:
Good morning.I need a loan of N1m.I can afford to drop my NYSC and HND certificates as collaterals.I will definitely pay back with interest.I need this loan as a capital to start up a business for the benefit of my nuclear family.Someone should please help .Someone should quote me please

sassyboochic:
I wish I had. I would definitely have given you

OMOTOWO:
Good morning.I need a loan of N1m.I can afford to drop my NYSC and HND certificates as collaterals.I will definitely pay back with interest.I need this loan as a capital to start up a business for the benefit of my nuclear family.Someone should please help .Someone should quote me please

amicable09:

The only time I've seen this form of collateral being accepted was during NYSC. All those who wanted Agric loans had to tender their discharge certificate as collateral to secure the loan.

I can bet that over 70% of those facilities will go bad. At least I know one beneficiary who used the money for something else other than Agric.

OP, if it weren't a start up, I would have suggested other ways of securing a loan but since it is for capital, I advise you source for funds through family and friends. Get an interest free 'loan'.

chrisbaxtian:


I need loan

amicable09:
Why are you telling me

chrisbaxtian:


because you just said you had the means. read the post I quoted again

amicable09:
No, that's not what I said.
Read my first post again please.

OMOTOWO:
Good morning.I need a loan of N1m.I can afford to drop my NYSC and HND certificates as collaterals.I will definitely pay back with interest.I need this loan as a capital to start up a business for the benefit of my nuclear family.Someone should please help .Someone should quote me please

OMOTOWO:
Good morning.I need a loan of N1m.I can afford to drop my NYSC and HND certificates as collaterals.I will definitely pay back with interest.I need this loan as a capital to start up a business for the benefit of my nuclear family.Someone should please help .Someone should quote me please

talk2ekpa:

Policy of Loan #2017:

Never collect a loan to start up a business. Collect loan only to boost up an existing business. Why? Because most new business start ups don't really start with incomes, profits and gains bursting in. And before the Business start making profits, payment with interest has begin, which is just more like refunding the owners money, but of course at a high rate.

So if you collect loan of a Million Naira, and you are now refunding the money from a business which have not really made an income, from where will you pay the interest?

OP my advise to you is, start something on your own no matter how little, just start the business. If you do that, you'll be able to know the ups and downs of the business from a more practical or practicing perspective. Then you can go get a loan. Any additional money (say loan) that comes your way at this time, will have the chances of bringing in income, because with the few experiences gained being in the business, you'll be able to put the loan into the aspect of the business with higher potency for income. Otherwise, any loan given to you at this state could be wasted.

OMOTOWO:
Good morning.I need a loan of N1m.I can afford to drop my NYSC and HND certificates as collaterals.I will definitely pay back with interest.I need this loan as a capital to start up a business for the benefit of my nuclear family.Someone should please help .Someone should quote me please

sassyboochic:

I wish I had. I would definitely have given you

amicable09:

The only time I've seen this form of collateral being accepted was during NYSC. All those who wanted Agric loans had to tender their discharge certificate as collateral to secure the loan.

I can bet that over 70% of those facilities will go bad. At least I know one beneficiary who used the money for something else other than Agric.

OP, if it weren't a start up, I would have suggested other ways of securing a loan but since it is for capital, I advise you source for funds through family and friends. Get an interest free 'loan'.

Queenext:
I get amused when I see people offering a certificate as collateral...

Certificate, imagine,common kpali.....worthless piece of trash,should he default...

You better up your game,and think out of the box

talk2ekpa:

Well, it is still ok. At least that is what he's got, and he is trying to use it to get what he wants. Besides, if not Nigeria and our bad Economy, BSc/HND Certificates takes years of work.

TsaTrinity:
I will strongly suggest you start at the smallest you can. No matter how bad the economy situation is, you will still have money to start a business. So check how much you have and look for what business to do at that range. You must be very thrifty to raise capital for another business.
FYI, I startedine with 500naira

SaintChukz:



If you have a solid business plan/proposal. You can approach BOI or any of the underlisted institutions on the link i dropped below.

http://enterprise54.com/how-to-access-cbns-n220-billion-msme-development-fund-msmedf/

ozoneymcm:

I hope you don't expect him to follow your advice

talk2ekpa:

Policy of Loan #2017:

Never collect a loan to start up a business. Collect loan only to boost up an existing business. Why? Because most new business start ups don't really start with incomes, profits and gains bursting in. And before the Business start making profits, payment with interest has begin, which is just more like refunding the owners money, but of course at a high rate.

So if you collect loan of a Million Naira, and you are now refunding the money from a business which have not really made an income, from where will you pay the interest?

OP my advise to you is, start something on your own no matter how little, just start the business. If you do that, you'll be able to know the ups and downs of the business from a more practical or practicing perspective. Then you can go get a loan. Any additional money (say loan) that comes your way at this time, will have the chances of bringing in income, because with the few experiences gained being in the business, you'll be able to put the loan into the aspect of the business with higher potency for income. Otherwise, any loan given to you at this state could be wasted.

leonard002:
bro you are too wise

OMOTOWO:
thank you bro..