essentialone:


There are several countries you can use 5 million to Japa to. Including Canada.

I am not interested in traveling out for now.

emmanuelewumi:




It was based on the monthly cash flow or turnover on your account.



I have been asking the guy for his average turnover but no answer.



Probably it is a new business with no track record

Maybe you haven't understood me yet.

I am yet to start as funds are limiting me. Or are you asking for my statement of account?

emmanuelewumi:
Agriculture is too risky to give an unsecured loan to a newbie investor in the industry.

Risky? Not really!

Especially when it has to do with cassava production.

Thazard:



Maybe you haven't understood me yet.

I am yet to start as funds are limiting me. Or are you asking for my statement of account?

Why don't you start on a small scale first as a pilot?

Ginalex:
Please house is now a good time to buy Presco? What are your thoughts please?

@120?

Thazard:



Maybe you haven't understood me yet.

I am yet to start as funds are limiting me. Or are you asking for my statement of account?

You are yet to start and you are asking for N5 million unsecured loan for 5 years, do you want the bank to join the statistics of money given to start ups that became bad debt



If you have 100k start with it. You can be doing buying and selling, that is one of the easiest things to do in order to raise funds

Thazard:



It's just a start up and I do have a job but it isn't really sufficient for me that's why I want to invest in garri production.

If I may ask, how much do you have as the fund you have saved up for this business

Thazard:



I said it earlier,if I had any means of collateral,I wouldn't be asking of loan without collateral.

When did you graduate? How long have you been working? How many streams of income do you have?

Thazard:



Risky? Not really!

Especially when it has to do with cassava production.

Agriculture is risky.


Agriculture is riskier for a beginner?



How many agricultural ventures have you ever embarked on?

What was your profit margin?

What did you do with the previous profits made from agricultural ventures

Agbalowomeri:

Why don't you start on a small scale first as a pilot?

I do vegetables farming on a small scale in my house.


He can still do something with 200k on a small scale, why N5 million for a business you have never done

emmanuelewumi:




I do vegetables farming on a small scale in my house.


He can still do something with 200k on a small scale, why N5 million for a business you have never done

Na motivational speakers cause am

Thazard:


6 years repayment plan?

Well I don't really like late payments.

So I am trying to be realistic.

I have gone through your past posts on Nairaland, I see you as jack of all trades.


Your did welding apprenticeship, graphic design, Bitcoin, and different hustles in the last 2 years.


How much have you been able to save up from all these hustle.



My instincts tell me that you will fail in this agricultural venture.



I will advise you to create a thread on where to get a collateral free loan of N5 million

emmanuelewumi:




When did you graduate? How long have you been working? How many streams of income do you have?

i'm not a graduate as i didn't attend a university.i'm self employed a welder to be precise and i've been working for about three years.i haven't saved anything up yet.

Thazard:
i'm not a graduate as i didn't attend a university.i'm self employed a welder to be precise and i've been working for about three years.i haven't saved anything up yet.

I am sorry you are not good for business, you worked for 3 years and you have no savings. Then you expect a loan of N5 million without collateral. It can't work

I am sorry you are derailing this thread

emmanuelewumi:




I have gone through your past posts on Nairaland, I see you as jack of all trades.


Your did welding apprenticeship, graphic design, Bitcoin, and different hustles in the last 2 years.


How much have you been able to save up from all these hustle.



My instincts tell me that you will fail in this agricultural venture.



I will advise you to create a thread on where to get a collateral free loan of N5 million

?? bitcoin? graphic design? when?

Thazard:
?? bitcoin? graphic design? when?

Go through the over 30 threads you stated on Nairaland .


You are also very active on the football betting section of Nairaland, this is a red flag .


I won't be surprised if you use half of the loan to bet, reason why you don't have savings after working for 3 years

emmanuelewumi:




I am sorry you are not good for business, you worked for 3 years and you have no savings. Then you expect a loan of N5 million without collateral. It can't work

I am sorry you are derailing this thread

I am not good for business? Okay!

I worked for three years with no savings??

You would never understand my life.

I am derailing your thread?

Okay,I would be leaving soon.

emmanuelewumi:



Go through the over 30 threads you stated on Nairaland .


You are also very active on the football betting section of Nairaland, this is a red flag .


I won't be surprised if you use half of the loan to bet, reason why you don't have savings after working for 3 years

Betting?

Please ask yourself why do people bet?

This is a very hurtful thing to say.you never knew what I'm going through.

You want me to relate my story here?

locodemy:


There is one 500k loan ready for me @ Acess bank based on turnover.It is on 4% monthly interest for 3 months.Pa Emma this one is also unsecured loan looking for who to grab it.

The guy can still get up to 5m unsecured loan if he talks to his account officer but the interest rate of 48% per anum is worrisome.

Please how do I get access to this?

Don't get me wrong it is very possible to work for 3 years without savings, but one would have used part of the money earned to buy things that can be sold to raise money.


But that clown does not have savings and does not have anything to sell in order to raise money for his proposed agric business

Sell julius berger plc

emmanuelewumi:
Don't get me wrong it is very possible to work for 3 years without savings, but one would have used part of the money earned to buy things that can be sold to raise money.


But that clown does not have savings and does not have anything to sell in order to raise money for his proposed agric business

Please why are you insulting me when I didn't make any insulting comment?

emmanuelewumi:
Don't get me wrong it is very possible to work for 3 years without savings, but one would have used part of the money earned to buy things that can be sold to raise money.


But that clown does not have savings and does not have anything to sell in order to raise money for his proposed agric business

Eassy oga ema....
It is very possible for one to work in Nigeria for 3 years without any saving. Our background differs. Some have it very rough.

emmanuelewumi:
Don't get me wrong it is very possible to work for 3 years without savings, but one would have used part of the money earned to buy things that can be sold to raise money.


But that clown does not have savings and does not have anything to sell in order to raise money for his proposed agric business

If I should relate my life story for you,you would retract all the bad things you've said to me base on assumption.

Here is a snippet;
https://www.nairaland.com/7139412/nairalanders-dad-hospital

Thazard:


Please how do I get access to this?

No financial institution will give you a loan of 5 million.without collateral my brother.

Laso09:


Eassy oga ema....
It is very possible for one to work in Nigeria for 3 years without any saving. Our background differs. Some have it very rough.

But will they ask for a collateral free loan of N5 million, payable over a period of 6 years

Laso09:


No financial institution will give you a loan of 5 million.without collateral my brother.

Depends on the business turnover.


First Bank Eduloan gives a maximum of N20 million collateral free loans, to school business owners

Thazard:
[/b]

If I should relate my life story for you,you would retract all the bad things you've said to me base on assumption.

Here is a snippet;
https://www.nairaland.com/7139412/nairalanders-dad-hospital

Oga pity party takes you nowhere. The truth is that you have not shown any sign of seriousness towards achieving your goal. Do you have the land you intend to use for farming? Can you cultivate the land manually yourself? That should be a good starting point for you. You won't get any funding from anywhere.
Nobody gives a poor man money

Agbalowomeri:


Oga pity party takes you nowhere. The truth is that you have not shown any sign of seriousness towards achieving your goal. Do you have the land you intend to use for farming? Can you cultivate the land manually yourself? That should be a good starting point for you. You won't get any funding from anywhere.
Nobody gives a poor man money

Sighs

Tired of arguing.

Agbalowomeri:


Oga pity party takes you nowhere. The truth is that you have not shown any sign of seriousness towards achieving your goal. Do you have the land you intend to use for farming? Can you cultivate the land manually yourself? That should be a good starting point for you. You won't get any funding from anywhere.
Nobody gives a poor man money

Especially a poor man that is using the little money with him to bet, such people can't be trusted with funds.


The worst artisans to deal with are those who bet, drink and womanize

emmanuelewumi:




Especially a poor man that is using the little money with him to bet, such people can't be trusted with funds.


The worst artisans to deal with are those who bet, drink and womanize

Oga Emma why you dey mention woman na

Agbalowomeri:


Oga Emma why you dey mention woman na

Are you a womanizer? Abi na women dey follow you ni