I work in Company with about 200 staffs and nearly half of them are customers to all these loan apps with ridiculous charges.

I am thinking of setting up a pay day loan with a flat interest of 20% i.e, if you take #5,000, you pay back #6,000 ANY DAY salary is paid instead of the ridiculous #8,000 they pay to Sokoloan for a 14 days loan of the same amount.

We just need to set up an App or a website where payments and repayments could be authorize. I don't know much about how Fintechs operate but I have willing customers.

Can any one please put me through the basic requirements of setting this up and a rough estimate of what it would cost?

Following....

Gofwane:
I work in Company with about 200 staffs and nearly half of them are customers to all these loan apps with ridiculous charges.

I am thinking of setting up a pay day loan with a flat interest of 20% i.e, if you take #5,000, you pay back #6,000 ANY DAY salary is paid instead of the ridiculous #8,000 they pay to Sokoloan for a 14 days loan of the same amount.

We just need to set up an App or a website where payments and repayments could be authorize. I don't know much about how Fintechs operate but I have willing customers.

Can any one please put me through the basic requirements of setting this up and a rough estimate of what it would cost?

Welcome to the business!

The grass always looks greener in the next compound until you go there then you realise it's not as green as you initially thought.

After you run this business for 6 months you will stop criticising Sokoloan and other loan apps for the methods they choose to use to run their business!

Gofwane:
I work in Company with about 200 staffs and nearly half of them are customers to all these loan apps with ridiculous charges.

I am thinking of setting up a pay day loan with a flat interest of 20% i.e, if you take #5,000, you pay back #6,000 ANY DAY salary is paid instead of the ridiculous #8,000 they pay to Sokoloan for a 14 days loan of the same amount.

We just need to set up an App or a website where payments and repayments could be authorize. I don't know much about how Fintechs operate but I have willing customers.

Can any one please put me through the basic requirements of setting this up and a rough estimate of what it would cost?

Please can you tell me some of those loan apps cos I really need them right now.

Gofwane:
I work in Company with about 200 staffs and nearly half of them are customers to all these loan apps with ridiculous charges.

I am thinking of setting up a pay day loan with a flat interest of 20% i.e, if you take #5,000, you pay back #6,000 ANY DAY salary is paid instead of the ridiculous #8,000 they pay to Sokoloan for a 14 days loan of the same amount.

We just need to set up an App or a website where payments and repayments could be authorize. I don't know much about how Fintechs operate but I have willing customers.

Can any one please put me through the basic requirements of setting this up and a rough estimate of what it would cost?

Since you said they work in the same company with you I feel the best thing for you to do is 2 get to know the person that disburses the salaries because most Nigerians are defaulters and even after they collect their salaries they won't want to pay so what you should do is this if you just want to limit it to the people in the company be sure that they use the same account to collect their salaries so if you decide to use an app you could actually look for how to go through those regulations of the banks that automatically deducts the loan from their next pay or just talk it out with whoever is disbursing the fund in the company and give a very good bookkeeping and have them sign when they loan the money that they give you authorisation to deduct their money before they are paid I think this is much cheaper so hopefully it just goes well

MrFollowFollow:


Welcome to the business!

The grass always looks greener in the next compound until you go there then you realise it's not as green as you initially thought.

After you run this business for 6 months you will stop criticising Sokoloan and other loan apps for the methods they choose to use to run their business!

Ha! are you into the same business?

Lucrativress:

Since you said they work in the same company with you I feel the best thing for you to do is 2 get to know the person that disburses the salaries because most Nigerians are defaulters and even after they collect their salaries they won't want to pay so what you should do is this if you just want to limit it to the people in the company be sure that they use the same account to collect their salaries so if you decide to use an app you could actually look for how to go through those regulations of the banks that automatically deducts the loan from their next pay or just talk it out with whoever is disbursing the fund in the company and give a very good bookkeeping and have them sign when they loan the money that they give you authorisation to deduct their money before they are paid I think this is much cheaper so hopefully it just goes well

Anyone applying would have to use their salary account. I would love to have an app where payments would be automatically deducted the moment salary is paid.

InEvitable0000:


Please can you tell me some of those loan apps cos I really need them right now.

You can try Fairmoney. Heard their rates are fair. Or if you are a salary earner, you can try Kwikpay Credit. That's what I used.

If this is true, then they are not informed because Access Bank gives payday loans at a very little rate

Gofwane:
Anyone applying would have to use their salary account. I would love to have an app where payments would be automatically deducted the moment salary is paid.

I belive this will have to go through series of Financial and Banking regulations with authorisation
You will have to do the digging and if you can't go through the whole stress of digging out the concise procedures to take,well well you can hire someone to do that for you.
I'm quite good at getting things done.

Gofwane:
You can try Fairmoney. Heard their rates are fair. Or if you are a salary earner, you can try Kwikpay Credit. That's what I used.

There is nothing really fair about these prominent loan companies o,they give outrageous interest rates and I do not blame them though cause the use it in offsetting the loans of their defaulters since they have to pay back their Investors

Gofwane:
You can try Fairmoney. Heard their rates are fair. Or if you are a salary earner, you can try Kwikpay Credit. That's what I used.

Okay thanks.

Lucrativress:

I belive this will have to go through series of Financial and Banking regulations with authorisation
You will have to do the digging and if you can't go through the whole stress of digging out the concise procedures to take,well well you can hire someone to do that for you.
I'm quite good at getting things done.

Seems I would be needing you to do some digging for me. I will be in touch.

Lucrativress:

There is nothing really fair about these prominent loan companies o,they give outrageous interest rates and I do not blame them though cause the use it in offsetting the loans of their defaulters since they have to pay back their Investors

I don't know about others but kwikpay credit is fair. 20% with no upfront charges for 30 days is reasonable to me.

Gofwane:
I don't know about others but kwikpay credit is fair. 20% with no upfront charges for 30 days is reasonable to me.

I find even 20% somewhat outrageous,if not that most Nigerians are serial debtors interest on monthly loans shouldn't exceed 10%.

Gofwane:
Seems I would be needing you to do some digging for me. I will be in touch.

I look forward to that

Let's partner and make it happen.

How can I get in touch with you?

Gofwane:
Ha! are you into the same business?

I hope you have fully prepared yourself for the stories and excuses and other lies you will be hearing when it's time to pay back the loan.

This is a small example of the thieves you will have to do business with so make sure you prepare well if you don't want these wicked souls to bankrupt your business!

NaijaBoy213:
with N500 I can teach u how to take a loan from 15 loan apps without paying.
They won't even send a defamatory message to your contacts. If u like believe me or not. E dey your hand.

ekene101:
When taking loan, delete all your important contacts,goto your Gmail contacts and delete the important contacts,sync it and they won't have access to your important contacts..let them message the 99% fake contacts on my phone,I don't care
Once you call and start abusing me or sending stupid messages to my contact,I ain't paying,I will change all my contacts to fake contacts and sync it with their database.let them message unknown gun people.
God bless that guy that posted this secret last week. You are a genius bro..

Oquote author=MrFollowFollow post=102469428]

I hope you have fully prepared yourself for the stories and excuses and other lies you will be hearing when it's time to pay back the loan.

This is a small example of the thieves you will have to do business with so make sure you prepare well if you don't want these wicked souls to bankrupt your business!





[/quote]your papa na thief,have you questioned the foolish gunman in aso rock putting people into untold hardship everyday by destroying d economy,if u cannot dash me 5k ur are not using again in this economy,stick ur mouth into ur butthole.arsewhipe

ekene101:
Oquote author=MrFollowFollow post=102469428]

I hope you have fully prepared yourself for the stories and excuses and other lies you will be hearing when it's time to pay back the loan.

This is a small example of the thieves you will have to do business with so make sure you prepare well if you don't want these wicked souls to bankrupt your business!





your papa na thief,have you questioned the foolish gunman in aso rock putting people into untold hardship everyday by destroying d economy,if u cannot dash me 5k ur are not using again in this economy,stick ur mouth into ur butthole.arsewhipe

Ekene101 the mere fact that you are advising people on how to borrow money and refuse to pay back is confirmation that you are a thief!

MrFollowFollow:



Ekene101 the mere fact that you are advising people on how to borrow money and refuse to pay back is confirmation that you are a thief!

daft,go ready post again,now I know u are brainless.na soda full ur head. U blind to see d part where I wrote should they insult my contact or threaten me. Ode

ekene101:
daft,go ready post again,now I know u are brainless.na soda full ur head.

Yes na soda full my head but you be proper thief Ekene101, ole!

MrFollowFollow:



Ekene101 the mere fact that you are advising people on how to borrow money and refuse to pay back is confirmation that you are a thief!

Robocop and Oliver quin or spiderman abi na avengers.come arrest me as if thief no dey ur family.. na ur type d whole family including ur mama dey do local yahoo. Dey come here dey come point people. Street vigilante come arrest me.

MrFollowFollow:


Yes na soda full my head but you be proper thief Ekene101, ole!

I dey do yahoo go check,my previous post,I no dey hide am.. hippocrasy kill u there, na small 5k loan I go dey hide from. God no go even let me broke to that extent to collect am and If I do I no go pay,go kill urself ode

ekene101:
Robocop and Oliver quin or spiderman abi na avengers.come arrest me as if thief no dey ur family.. na ur type d whole family including ur mama dey do local yahoo. Dey come here dey come point people. Street vigilante come arrest me.

Thank God say you don finally gree say you be thief Ekene101, barawo!

MrFollowFollow:


Thank God say you don finally gree say you be thief Ekene101, barawo!

I gree,but I still better pass ur full family wey dey hide do am. Akamu brain

ekene101:
I gree,but I still better pass ur full family wey dey hide do am. Akamu brain

@ Gofwane I hope you're watching, these are the kind of dishonest people you will be dealing with. Make sure you prepare well if not people like Ekene101 and the rest of the onigbese gang that make up 95% of Nigeria's population will ground your business to a halt!

MrFollowFollow:


@ Gofwane I hope you're watching, these are the kind of dishonest people you will be dealing with. Make sure you prepare well if not people like Ekene101 and the rest of the onigbese gang that make up 95% of Nigeria's population will ground your business to a halt!

goat meat pepper soup,I didn't tell ur daft punk of a father I wanted to do business with anyone here,I guess u are one of those loan agents sending deformation texts to people's contact,but guess what,we will collect ur loan and we will never pay back because we have found a way to beat ur system. Go tell ur Chinese boss using u as slaves loan shark agents in ur county. Slave punk.

ekene101:
goat meat pepper soup,I didn't tell ur daft punk of a father I wanted to do business with anyone here,I guess u are one of those loan agents sending deformation texts to people's contact,but guess what,we will collect ur loan and we will never pay back because we have found a way to beat ur system. Go tell ur Chinese boss using u as slaves loan shark agents in ur county. Slave punk.

Onigbese oshi!

MrFollowFollow:


Onigbese oshi!

Thieves,after giving u loan,they will give u another account to pay back d loan claiming their app is down and later claim u never paid back and will threaten u and ur family whereas these agents like the goat above are the real scammers. We will collect ur loan and never pay back. Thieves

MrFollowFollow:


Onigbese oshi!

we no go pay,go call police