₦airaland Forum

I qualify for a loan of 500k on one loan app, and another 450k on another loan app.

I have 150k savings too from my teaching job.

All the money put together is 1.1 million, please what can I do with the money. I need a good business idea.

P.s

I know the loan app rate is too high.
I have already made up my mind to default.
I will pay the back in 24 months.
So just give me a business that will be profitable by then.

Versitee:
I qualify for a loan of 500k on one loan app, and another 450k on another loan app.

I have 150k savings too from my teaching job.

All the money put together is 1.1 million, please what can I do with the money. I need a good business idea.

don't borrow from loan app avoid them by all means

Start okrika clothes business at oshodi with your 150k savings and thank me later

You can actually buy the okrika clothes at kontagora

Firebox123:
don't borrow from loan app avoid them by all means

Start okrika clothes business at oshodi with your 150k savings and thank me later

You can actually buy the okrika clothes at kontagora

I will definitely borrow from them. Nothing can stop me.

I will pay them back after 2 years. That is what I have decided.

Lol. Loan app have high rates ooo. Be careful as you decide.

CodeTemplarr:
Lol. Loan app have high rates ooo. Be careful as you decide.

I know. I already plan to default. I will pay them back in 24 months

Versitee:
I will definitely borrow from them. Nothing can stop me.

I will pay them back after 2 years. That is what I have decided.

Lol... You just carry your hand wan go buy problem. You wan take loan from app with interest wey go pass your monthly turn over.

When you saw the offer, did you check the interest rates?

You want to take a loan that's 95 times bigger than your current savings?

Stephen0mozzy:
Lol... You just carry your hand wan go buy problem. You wan take loan from app with interest wey go pass your monthly turn over.

When you saw the offer, did you check the interest rates?

You want to take a loan that's 95 times bigger than your current savings?

leave him

He'll come back to nairaland for help once 🔂 they start threatening him to pay back

Versitee:
I will definitely borrow from them. Nothing can stop me.

I will pay them back after 2 years. That is what I have decided.

go ahead

Nobody is holding you

Versitee:
I know. I already plan to default. I will pay them back in 24 months

Go ahead, what cannot kill a man makes a man
Get rich quick or die trying
No pain, no glory
Tough times never last but tough people do
Life is a risk
Man can only die once
Cowards die many times before their time

Don't be a coward, borrow that loan. Greatness is inborn. You could be the next Elon musk who debt nearly ruined but ended up becoming the world richest. The grave is full of unused talents. Man must not die without using their talent. Go on and blow

Versitee:
I know. I already plan to default. I will pay them back in 24 months

instead start with your 150k and as you see goood returns on investment you can compare the rate to the loans, if favourable, then you can go for the loan(s).

Animal husbandary

CodeTemplarr:
instead start with you 150k and as you see goood returns on investment you can compare the rate to the loans, if favourable, then you can go for the loan(s).

Ok. What can 150k do?

Versitee:
Ok. What can 150k do?

small business mostly to be honest. But loan app will digest your profit ooo.

CodeTemplarr:
small business mostly to be honest. But loan app will digest your profit ooo.

With all due respect, your are not making any sense.
The op needs solution not precaution.

He needs a business idea.
There is no business idea that is called small business.

Tell him the kind of small business to invest the 150k as you are against the loan app.

Stop caging others with your fears.

ublight:
With all due respect, your are not making any sense.
The op needs solution not precaution.

He needs a business idea.
There is no business idea that is called small business.

Tell him the kind of small business to invest the 150k as you are against the loan app.

Stop caging others with your fears.

loan app is not fears ooo. The interest rate is real.

I have no 150k idea for him yet.

Versitee:
I qualify for a loan of 500k on one loan app, and another 450k on another loan app.

I have 150k savings too from my teaching job.

All the money put together is 1.1 million, please what can I do with the money. I need a good business idea.

P.s

I know the loan app rate is too high.
I have already made up my mind to default.
I will pay the back in 24 months.
So just give me a business that will be profitable by then.

It is a good thing that you know the consequences of loan apps and you have already made up your mind to face their threats and defamations.

If you can make the money up to 1.3 million,

Use that 1.1million to get a good grade of fairly used keke na pep.

The remaining 200k will be for miscellaneous.

Ride the keke like your life depends on it.

Make sure to save 100k monthly.
Drive for 3 years.
Then diversify into agriculture after 3 years.

ublight:
It is a good thing that you know the consequences of loan apps and you have already made up your mind to face their threats and defamations.

If you can make the money up to 1.3 million,

Use that 1.1million to get a good grade of fairly used keke na pep.

The remaining 200k will be for miscellaneous.

Ride the keke like your life depends on it.

Make sure to save 100k monthly.
Drive for 3 years.
Then diversify into agriculture after 3 years.

why didn't he invest in agriculture now and invest in keke napep later

ublight:
It is a good thing that you know the consequences of loan apps and you have already made up your mind to face their threats and defamations.

If you can make the money up to 1.3 million,

Use that 1.1million to get a good grade of fairly used keke na pep.

The remaining 200k will be for miscellaneous.

Ride the keke like your life depends on it.

Make sure to save 100k monthly.
Drive for 3 years.
Then diversify into agriculture after 3 years.

Thank you sir for this.

I already made enquiries, but a good grade of fairly used keke na pep in Uyo is from 1.5 million naira.

Versitee:
Thank you sir for this.

I already made enquiries, but a good grade of fairly used keke na pep in Uyo is from 1.5 million naira.

invest in agriculture

Versitee:
Thank you sir for this.

I already made enquiries, but a good grade of fairly used keke na pep in Uyo is from 1.5 million naira.

Oga ask around. Make movements, u will find keke of 1.1m.

U are even in Uyo. Better.

Buy an oven 350k.
Learn how to make scone bread. (30k is enough)

With 200k, you will get flour, sugar, butter, milk etc.

Start production and move around supplying to shops.

I hope you know that every shop in Uyo sells scone bread.

That is the easiest thing to do and your 1.1m will be more than enough

Fetula4u:
invest in agriculture

What should I invest in

Crops or livestock

Versitee:
What should I invest in

Crops or livestock

crops

Especially cassava

Fetula4u:
crops

Especially cassava

Can you give him a break down of how to invest that money in cassava farming?
If not, look for somewhere and wabskwlhqqjwqla
Wjqlqewqhpewk.,

For your information, I did cassava last year.

I am still in pains

ublight:
Oga ask around. Make movements, u will find keke of 1.1m.

U are even in Uyo. Better.

Buy an oven 350k.
Learn how to make scone bread. (30k is enough)

With 200k, you will get flour, sugar, butter, milk etc.

Start production and move around supplying to shops.

I hope you know that every shop in Uyo sells scone bread.

That is the easiest thing to do and your 1.1m will be more than enough

This man, u be confam business analyst o

Just went through ur profile, saw a thread that u abandoned where u were talking about businesses.

Please I just followed the thread. Could you keep it alive?

Firebox123:
why didn't he invest in agriculture now and invest in keke napep later

OP I'll advice you go with this. You can even start repaying your loan in a month time

Use some of the loan money to buy Sniper and keep it by the side! You might need it after six months or one year!

Here’s the reality: no business will yield returns that can match the interest rates on those loans. Planning to default is another unwise move! Na your family go later repay that money, after compound interest has done its damage over two years of default plus the possibility that frustration go don unlive you by then.

Here’s what will likely be your reality after those two years: no job, no business, heavy debt, and constant calls and messages from the loan company every five minutes raining curses on you and your entire generation. But at least you go still have the Sniper if you listened and bought it now.

Ire ooo! We love you, but you ehn... when we meet again, we go sing, “No, no!!” 😄😄😄😄

Ruke1991:
Go ahead, what cannot kill a man makes a man
Get rich quick or die trying
No pain, no glory
Tough times never last but tough people do
Life is a risk
Man can only die once
Cowards die many times before their time

Don't be a coward, borrow that loan. Greatness is inborn. You could be the next Elon musk who debt nearly ruined but ended up becoming the world richest. The grave is full of unused talents. Man must not die without using their talent. Go on and blow

What if he chooses not to pay and ignore all their messages?.

Phabulous4:
Use some of the loan money to buy Sniper and keep it by the side! You might need it after six months or one year!

Here’s the reality: no business will yield returns that can match the interest rates on those loans. Planning to default is another unwise move! Na your family go later repay that money, after compound interest has done its damage over two years of default plus the possibility that frustration go don unlive you by then.

Here’s what will likely be your reality after those two years: no job, no business, heavy debt, and constant calls and messages from the loan company every five minutes raining curses on you and your entire generation. But at least you go still have the Sniper if you listened and bought it now.

Ire ooo! We love you, but you ehn... when we meet again, we go sing, “No, no!!” 😄😄😄😄

Lol.

Some people talk because they have something to say.

Others talk because they have to say something.

Loan apps that will be begging u after 6 months to try and pay something.

Some apps like branch even give u a discount on your interests.

Dey play.

It is cheaper to default on loan apps oga.

Which one be sniper for 1 million

Versitee:
I will definitely borrow from them. Nothing can stop me.

I will pay them back after 2 years. That is what I have decided.

You need more lessons on financial literacy. After 2 years, your debt will be in millions .. Why are you setting yourself up for failure?
You don't know you are a free man ... 150k, no debts.

There are gifts in you to explore. You are a teacher. Sit down n study your environment.