₦airaland Forum

Economy recession and porverty has made my mum come to the conclusion of obtaining a loan and using our house in agbado area of lagos as a collateral..

Mum doesnt have a job for 2years now and things have been rough, she's not a government worker which makes it hard for her to get a loan from the bank even with the collateral..

So ive decided to help her ask here on nairaland how she could get a loan of 1-1.5million naira to start a profitable business that has to do with food and kerosene sales...

Please anyone should give me options available for her, if theres an organisation or individual who could help, the current situation is not helping matters... She's ready to use the house as a collateral to show seriousness..


I need answers asap please.. Thanks

OP, the truth is, it will be difficult getting loans these days due partly to the economic crisis in Nigeria.

Also that she has a house as a collateral is of no import to banks as they are looking for survey plan of the said land and a C of O before such property can be accepted.

Howbeit, prayer can work the magic.

Caution must be taken that you people don't fall into the hands of the evil men and or borrow from the "python's mouth".

God help you.

psucc:
OP, the truth is, it will be difficult getting loans these days due partly to the economic crisis in Nigeria.

Also that she has a house as a collateral is of no import to banks as they are looking for survey plan of the said land and a C of O before such property can be accepted.

Howbeit, prayer can work the magic.

Caution must be taken that you people don't fall into the hands of the evil men and or borrow from the "python's mouth".

God help you.

men, this is serious

not even a private organisation or phillanthropist or individual?