₦airaland Forum

koyeni:
No be you Create thread on PEP yesterday?
Looks like you like wahala naturally

I took some advise from you bad people lol, and it worked....This post was early May had only 4 engagements until the pep incident. Its obvious it boosted it too...

ibechris:
U spoke well but I would advice him to avoid civil servant especially in this present economy.

trust me, even with the economy, civil servants will still recieve salary unlike others that may loose their jobs.

Thought their salary is small but you are sure they will be paying something every month

Nna2025:
Dear Nairalanders,

My company asked a couple of us to resign, services no longer required. I was paid a little above 10M and I will be venturing into lending. Microlending. Please say your prayers for me and wish me well. I will appreciate all you prayers and encouragement too...

Thank You and Regards,

In an economy where there is no cash flow...don't try it

Please, think 10000000000000 times before venturing into this.

You will loose your money and your peace. 1p

Nna2025:
Dear Nairalanders,

My company asked a couple of us to resign, services no longer required. I was paid a little above 10M and I will be venturing into lending. Microlending. Please say your prayers for me and wish me well. I will appreciate all you prayers and encouragement too...

Thank You and Regards,

Be ready

A guy here advised civil servants, I think thats my direction..have been doing a lot of research lately, so it's not as bad as we think.

It's also a good business folks, Someone loaned 2M, used his Mercedes as collateral and submitted a deed for absolute sale. Not really bad folks, just have a remediation process.


Would be trying out this civil servants next week, thanks to to you mate ....

Money lending is very high risk business in Nigeria, and only the heartless money lenders make it.

But if you must venture. Ensure you secure a LENDING LICENSE.

Dogalmighty17:
Before you start, take a visit to the nearest LAPO office in your area. You will see more than enough to dissuade you. This is not the time to enter lending business

OP: This right here from Dogalmighty17 is the best advice offered so far.

Let me also suggest an easy out for you:

1. Fix your N10m for 2 years with RenMoney via their RenVault option.

2. You will immediately get about N4m which you can use to sort yourself while THOUGHTFULLY looking for any genuine business you can later go into.

If you need a RenMoney contact, I can link you up.

Wishing you all the best!

Nna2025:
Dear Nairalanders,

My company asked a couple of us to resign, services no longer required. I was paid a little above 10M and I will be venturing into lending. Microlending. Please say your prayers for me and wish me well. I will appreciate all you prayers and encouragement too...

Thank You and Regards,

okay. Check my profile and let's talk. Lending business not a bad idea but don't put all your eggs in one basket pls.

Don’t go there. This will be the beginning of your downfall and premium tears loading

2cribz:
Buy glk from abroad for 7m with clearing and sell it for 30m. No be juju be that

buy something of 7m n sell it 4 times d cost price n tinubu is still d problem

Port8080:
Money lending is very high risk business in Nigeria, and only the heartless money lenders make it.

But if you must venture. Ensure you secure a LENDING LICENSE.

Sure, thanks

Just get Amilodopine and vasoprine ready

Successsearch90:
okay. Check my profile and let's talk. Lending business not a bad idea but don't put all your eggs in one basket pls.

Let's talk here man... anxiously waiting for the inputs....

badaru911:
... Do you have a complete idea about it.. Have you done it before?. Lending biz in 9ja, hmmm, you know you will be dealing with cunning people, swindlers, liars.... Etc

Bert way is by collecting with collateral

ibechris:
I have been into lending for the past 13yrs.

U will never regret it one bit.

I started with my saved allawee and some change I was able to save during my university yrs that is about 300k then. That amount has grossed more than 200million naira.

Lend with sense and don't bring up emotion.

When u start doing well,pls buy land,shops and resell for profit.

That is pure diversification. Set aside some money for security of ur home or family up keep.

Good luck and we can link up if u want additional advice.

Ibechris are u related to osychris ?

Nna2025:
Dear Nairalanders,

My company asked a couple of us to resign, services no longer required. I was paid a little above 10M and I will be venturing into lending. Microlending. Please say your prayers for me and wish me well. I will appreciate all you prayers and encouragement too...

Thank You and Regards,

God will make it prosper. Pls what's your requirements and Interest rate on 100k? I need it to buy a sewing machine for. my bag making business.

Nna2025:
Dear Nairalanders,

My company asked a couple of us to resign, services no longer required. I was paid a little above 10M and I will be venturing into lending. Microlending. Please say your prayers for me and wish me well. I will appreciate all you prayers and encouragement too...

Thank You and Regards,

Instead of lending, do ajọ and provide lending services to your clients and anyone they can stand surety for.
All the best

richmond500:
trust me, even with the economy, civil servants will still recieve salary unlike others that may loose their jobs.

Thought their salary is small but you are sure they will be paying something every month

Civil servants can't pay reasonable rate...their salaries aren't enough to command good profit.

No be wetin I dey do.

Give it to business men and women.

ceejay80s:
Ibechris are u related to osychris ?

No.

Tohsynetita1:
Lending business is not advisable, worst is to arrest the defaulters if they do.
Why not think of other stuff like planting cash crops, importation, exportation , foodstuffs business from north to Lagos?

How profitable is foodstuff business from the north to lagos

Those advising OP against it don't know anything, he knows exactly what he wanna venture into. He's fully prepared to lock people's destiny inside bottle.

Once you make the mistake of borrowing money from a Nigerian money lender just know you're gradually nearing your grave. You can hardly pay back even if you have the mind to, almost all of them are into diabolic practice......Their interest nor dey ever finish, you'll continue paying even from your grave.

Don't use the entire money for only the lending business. Out half of it into selling Food items in cartons i.e. indomie, spaghetti, tin tomato and even bread making. These are daily needs and you just need a good location and it's guaranteed you will do well. You also need to make a good deal with a producing company or bigger distributors, so that you are better positioned price-wise.
Where lending is tough is payback processes. There will be defaulters for sure, what measures have you in place to secure your funds by ensuring prompt recovery of loans?