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Education Loan: Why Must Applicant Provides Guarantors - Politics - Nairaland

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Education Loan: Why Must Applicant Provides Guarantors by richidinho(m): 9:43pm On Jun 12, 2023
Each of the guarantors must be a civil servant of not less than level 12 years in service, or a lawyer with at least 10 years post-call experience; of a judicial office of a justice of peace.
Re: Education Loan: Why Must Applicant Provides Guarantors by Parachoko: 9:46pm On Jun 12, 2023
richidinho:
Each of the guarantors must be a civil servant of not less than level 12 years in service, or a lawyer with at least 10 years post-call experience; of a judicial office of a justice of peace.
No give yourself HBP because of our President.

Calm down

Asiwaju will rule Nigeria till 2031

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by richidinho(m): 9:47pm On Jun 12, 2023
Parachoko:
No give yourself HBP because of our President.

Calm down

Asiwaju will rule Nigeria till 2031

But the president is anti people already owing to his recent policy decisions

4 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by mrvitalis(m): 9:48pm On Jun 12, 2023
richidinho:
Each of the guarantors must be a civil servant of not less than level 12 years in service, or a lawyer with at least 10 years post-call experience; of a judicial office of a justice of peace.
My thoughts exactly the certificate should be the Gureentee na

3 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 9:49pm On Jun 12, 2023
So they have someone to chase in case you do a runner. They need someone to hassle if you don't pay.

You're after all not expecting them to trust you'd pay after graduating, or are you?

Jaguda is not that gullible, I think.

4 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by Sunofgod(m): 9:49pm On Jun 12, 2023
Na scam na....surprised they not added ancestors as guarantors to the list.

2 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by SwissMass: 9:50pm On Jun 12, 2023
So you can collect it and run away, even Kanu nnamdi ran away inside car boot with goat and tomato

6 Likes 1 Share

Re: Education Loan: Why Must Applicant Provides Guarantors by richidinho(m): 9:54pm On Jun 12, 2023
mrvitalis:

My thoughts exactly the certificate should be the Gureentee na

Exactly brother

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by Ihateheadslamer: 9:54pm On Jun 12, 2023
Dey play

There shall be new dawn before 2031 tongue
Parachoko:
No give yourself HBP because of our President.

Calm down

Asiwaju will rule Nigeria till 2031

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 9:57pm On Jun 12, 2023
mrvitalis:

My thoughts exactly the certificate should be the Gureentee na

How can certificate be guarantee, when you'd collect your certificate after you graduate and before you start paying back the loan?
Re: Education Loan: Why Must Applicant Provides Guarantors by richidinho(m): 9:59pm On Jun 12, 2023
budaatum:
So they have someone to chase in case you do a runner. They need someone to hassle if you don't pay.

You're after all not expecting them to trust you'd pay after graduating, or are you?

Jaguda is not that gullible, I think.


That's why the Bank of Industry and Bank of Agriculture are not really impacting the people

Bank of Education is towing same part

2 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by BloomingDale(f): 10:11pm On Jun 12, 2023
Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 10:14pm On Jun 12, 2023
richidinho:


That's why the Bank of Industry and Bank of Agriculture are not really impacting the people

Bank of Education is towing same part

Many people got agriculture loans and never paid back.

We were once asked to form a co-op for cassava loans. Lots of people joined only for me to discover those running it were not even farmers, and were padding it with us who were to give them credibility. I later found out this was cassava loan 2.0. First time they did it lots of people ran away from town because they could not pay it back having never had land nor planted cassava.

Personally, I don't understand how people expect a savvy Tinubu (you have to be savvy to have had to forfeit in America what it's claimed he forfeited), not to put hoops in place so he gets our money back plus profit.

To impact people, those who took loans must pay it back.

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by BloomingDale(f): 10:22pm On Jun 12, 2023
Re: Education Loan: Why Must Applicant Provides Guarantors by richidinho(m): 10:22pm On Jun 12, 2023
budaatum:


Many people got agriculture loans and never paid back.

We were once asked to form a co-op for cassava loans. Lots of people joined only for me to discover those running it were not even farmers, and were padding it with us who were to give them credibility. I later found out this was cassava loan 2.0. First time they did it lots of people ran away from town because they could not pay it back having never had land nor planted cassava.

Personally, I don't understand how people expect a savvy Tinubu (you have to be savvy to have had to forfeit in America what it's claimed he forfeited), not to put hoops in place so he gets our money back plus profit.

To impact people, those who took loans must pay it back.

Certificates can be used as collateral, if Chinese can give loans without collateral and guarantor, we can do the same for our people
Re: Education Loan: Why Must Applicant Provides Guarantors by Parachoko: 10:24pm On Jun 12, 2023
richidinho:


But the president is anti people already owing to his recent policy decisions
What policy are you talking about that is anti people?

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 10:32pm On Jun 12, 2023
richidinho:


Certificates can be used as collateral, if Chinese can give loans without collateral and guarantor, we can do the same for our people

We are not China, and Chinese do not give loans without collateral and guarantor. China is a communist country, where communal responsibility is a thing, as opposed to us who would claim to be a capitalist country.

Perhaps when we start chopping off the heads of corrupt politicians and government officials, we too might be trusted to pay back what we owe, but until we have our Mao and our own Communist Revolution, collateral and guarantor is for capitalist us.

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by NobleSeed(m): 10:38pm On Jun 12, 2023
the people that has been stealing public funds who dey chase them?
The fraudulent Nigeria Air bla bla who chase them.
This stuff suppose be student national cake πŸŽ‚we Seif way dey go the school we try na.
Them say na scam we say we won still go Mae them use the loan console us if at all πŸšΆβ€β™‚οΈπŸšΆβ€β™‚οΈ
budaatum:
So they have someone to chase in case you do a runner. They need someone to hassle if you don't pay.

You're after all not expecting them to trust you'd pay after graduating, or are you?

Jaguda is not that gullible, I think.

Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 10:46pm On Jun 12, 2023
NobleSeed:
the people that has been stealing public funds who dey chase them?
The fraudulent Nigeria Air bla bla who chase them.
This stuff suppose be student national cake πŸŽ‚we Seif way dey go the school we try na.
Them say na scam we say we won still go Mae them use the loan console us if at all πŸšΆβ€β™‚οΈπŸšΆβ€β™‚οΈ

So, because we have not, according to you, chased those who stole public funds in the past, we should now make it easier for public funds to be stolen?

Yep, that makes loads of sense. Next time there's an election, perhaps elect a a better stealer of public funds so he can let you too so easily steal public funds. There's loads of them in jail already. Just choose one from prison and make him or her your president please.

It's democracy after all. You can vote a president who lets you eat the national cake for free and with no payback.

2 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by Nightwolf1: 10:56pm On Jun 12, 2023
This loan stuff is even dead before it gets started. Lot of loopholes to get the loan and not pay back.🀣🀣🀣

They should kick start the project and see how futile it is.

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by NobleSeed(m): 10:58pm On Jun 12, 2023
you just open your mouth wah!!!
No worry yahoo update on student loan go soon drop ..
Boys are cooking something
budaatum:


So, because we have not, according to you, chased those who stole public funds in the past, we should now make it easier for public funds to be stolen?

Yep, that makes loads of sense. Next time there's an election, perhaps elect a a better stealer of public funds so he can let you too so easily steal public funds. There's loads of them in jail already. Just choose one from prison and make him or her your president please.

It's democracy after all. You can vote a president who lets you eat the national cake for free and with no payback.
Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 11:02pm On Jun 12, 2023
NobleSeed:
[b ] you just open your mouth wah!!!
No worry yahoo update on student loan go soon drop ..
Boys are cooking something [/b]

You just shut your mouth and still nonsense finds its way out.

The sole purpose of requiring a guarantor is so your yahoo is in vain, and that's why you are here opening your mouth to cry loudly.

PαΊΉlαΊΉ sorry that they've made your yahoo harder. Meanwhile, consider not shouting.
Re: Education Loan: Why Must Applicant Provides Guarantors by NobleSeed(m): 11:08pm On Jun 12, 2023
πŸ˜‚ πŸ˜‚ πŸ˜‚
Belike you dey high on colos?
Guarantor or no guarantor people we still run with the loan.
Talking like a newbie in this country.
budaatum:


You just shut your mouth and still nonsense finds its way out.

The sole purpose of requiring a guarantor is so your yahoo is in vain, and that's why you are here opening your mouth to cry loudly.

PαΊΉlαΊΉ sorry that they've made your yahoo harder. Meanwhile, consider not shouting.
Re: Education Loan: Why Must Applicant Provides Guarantors by delpee(f): 11:12pm On Jun 12, 2023
How can you take a loan without a guarantor when there's no credit rating to check?

1 Like

Re: Education Loan: Why Must Applicant Provides Guarantors by JagabanBorgu: 11:50pm On Jun 12, 2023
budaatum:


Many people got agriculture loans and never paid back.

We were once asked to form a co-op for cassava loans. Lots of people joined only for me to discover those running it were not even farmers, and were padding it with us who were to give them credibility. I later found out this was cassava loan 2.0. First time they did it lots of people ran away from town because they could not pay it back having never had land nor planted cassava.

Personally, I don't understand how people expect a savvy Tinubu (you have to be savvy to have had to forfeit in America what it's claimed he forfeited), not to put hoops in place so he gets our money back plus profit.

To impact people, those who took loans must pay it back.
I know about this cassava story.
It was extended to Benue.
I know someone in Abuja who worked tooth and nail to get the contract to Benue only for it to fail, I was told commissioner for agric in benue got involved, that was about 4-5 years ago and the farmers didn't even get 50% of the whole money planned for the program, is that true?

1 Like 1 Share

Re: Education Loan: Why Must Applicant Provides Guarantors by jahsharon: 11:51pm On Jun 12, 2023
richidinho:
Each of the guarantors must be a civil servant of not less than level 12 years in service, or a lawyer with at least 10 years post-call experience; of a judicial office of a justice of peace.

You wey no pay 2,000 Naira that you collected from Palm Pay, you now want the federal government to give you hundreds of thousand without collateral or guarantor. You think say Tinubu na mumu ni? He is a certified public accountant, not a 3rd class graduate of Philosophy like Peter Giringori.
Re: Education Loan: Why Must Applicant Provides Guarantors by JagabanBorgu: 11:53pm On Jun 12, 2023
NobleSeed:
the people that has been stealing public funds who dey chase them?
The fraudulent Nigeria Air bla bla who chase them.
This stuff suppose be student national cake πŸŽ‚we Seif way dey go the school we try na.
Them say na scam we say we won still go Mae them use the loan console us if at all πŸšΆβ€β™‚οΈπŸšΆβ€β™‚οΈ
School na scam is for mumu people.
U will allow naira Marley and Zlatan to perform an operation on u tearing ur stomach open because u all accept their theory that "school na scam" abi?
Or u will allow portable to represent u as a lawyer when u are purchasing a property or u will handover ur building projects to Colos on Colos guy because they told u "school na scam" abi?

2 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by NOwazobia: 12:03am On Jun 13, 2023
Guarantor alone has already disqualified most low income families.

This is not to mention other aspects that adds to the bottleneck.
Re: Education Loan: Why Must Applicant Provides Guarantors by nedu666: 12:27am On Jun 13, 2023
Why on earth will someone want to guarantee a loan to be paid in 5 years time. What if guarantor dies or runs into financial difficulties. So if u fail to pay, guarantor will pay. It's obvious this bill is initial gra gra associated with every new administration.

2 Likes

Re: Education Loan: Why Must Applicant Provides Guarantors by LajaLaba: 1:35am On Jun 13, 2023
richidinho:
Each of the guarantors must be a civil servant of not less than level 12 years in service, or a lawyer with at least 10 years post-call experience; of a judicial office of a justice of peace.
U too full no cap undecided
Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 4:01am On Jun 13, 2023
NobleSeed:
[b ] πŸ˜‚ πŸ˜‚ πŸ˜‚
Belike you dey high on colos?
Guarantor or no guarantor people we still run with the loan.
Talking like a newbie in this country.
[/b]
Of course some of you will still run away with the loan despite guarantor. It's not like some of you would mind your parents being hassled for a loan you took but never intended to pay back. But we thank the gods that not everyone is like you. Some people respect themselves and their parents enough not to cause distress for their parents and will pay the loan back. The rest of you we will just count as loss and cost of doing business having limited your sort by making it not so easy for you to swindle the government. And of course it will be the last assistance you get from the government or banks as you will never ever be able to show your face again to collect a bank or government loan or assistance.
Re: Education Loan: Why Must Applicant Provides Guarantors by budaatum: 4:07am On Jun 13, 2023
JagabanBorgu:

I know about this cassava story.
It was extended to Benue.
I know someone in Abuja who worked tooth and nail to get the contract to Benue only for it to fail, I was told commissioner for agric in benue got involved, that was about 4-5 years ago and the farmers didn't even get 50% of the whole money planned for the program, is that true?

In my town in Osun State, the program was cancelled and no money was disbursed when the person organising it was informed that people were paying for land they never had to show to collect the money. He was the local councillor, but got sacked because he was not corrupt enough to give them the money without checking they would make good use of it and would not likely pay it back.

They were mostly like the person I just responded to above.

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