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Join the Whatsapp Group for Training on How to monetize your FACEBOOK and TWITTER account. Click to Register your whatsapp number http:///forms/07pBwY3qvn
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DOWNLOAD the complete seminar report here http://nairaresources.com/wp-content/uploads/2015/06/ATTENTION-pdf.pdf
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BANK OF INDUSTRY LIMITED A new initiative that seeks to help SMEs and business startups write better loan applications was launched recently. The new initiative is called the Business Support Fund, it was established by the Bank of Industry.The lending rate of most commercial banks to real sector (SMEs, manufacturing and agriculture) in Nigeria is put at between 20 to 30 percent. The Bank of Industry (BOI) is strategically placed as a development bank to ensure the gap in debt payment is bridged by providing business especially in the real sectors loan facilities at a single digit interest rate. The recent launch of the initiative is to help SMEs get better access to loans by helping them create presentable business model and plans making loan accessing easy. The bank also invited Nigerians with business ideas to send their ideas to ( ideas@boinigeria.com ). The development bank says it will make support readily available for SMEs via the initiative Below we identify the steps to take in securing financing from the bank: 1. Submit a formal application letter and collection the necessary forms from the Bank. 2. Get the necessary documents as indicated in the Bank’s list of appraisal requirements 3. Fill the Bank’s questionnaire 4. Conduct a feasibility study and put together a detailed feasibility report. Existing companies should also include existing and projected financial reports for a period of 5 years 5. Submit the required documents at any of the bank’s regional offices check this offer http://nairaresources.com/?page_id=56 Before you begin the process ensure you have the necessary documents such as: Certificates of Incorporation, Approved site plans, Purchase Quotations etc. Here is a document detailing the full list of required documentations: The attached document contain details of various concepts and facts that your feasibility report should cover. The feasibility report is of great importance as it is the only document that enables the bank determine the market potential of your idea or organization, be sure to put together a thoroughly researched document that is explicit but still realistic. Bank of Industry Regional Offices The bank has an office in each of Nigeria’s regional zones: Corporate Office: BOI House Plot 256, Zone A O, Off Herbert Macaulay Way, Behind Unity Bank, Central Business District, P.M.B. 205 Abuja, FCT – Abuja. Tel: 08036555681 Zonal office (Aba) BOI House Asa Road /Construction Crescent P.M.B 7086,Aba, Abia state. Zonal office (Akure) BOI house Owo Road, P.M.B 804, Akure, Ondo State. Zonal office (Asaba) Bank of Industry Limited Plot 25,block 111, Phase IV Okpanam Road, P.M.B 5099, Asaba, Delta State. Zonal office (Bauchi) BOI house Maiduguri road, P.M.B.245 Bauchi. Zonal office (Kaduna) BOI House 18, Warf Road, P.M.B 2141, Kaduna. Zonal office (Lagos) Bank of Industry limited 23, Marina, Lagos, P.O.Box 2357, Lagos. check this offer http://nairaresources.com/?page_id=56 |
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Let's quickly do small mathematics. Take for example: If you get a loan of N150,000 from LAPO, remember the interest rate is 2.2% and you decide to pay it back in 6 months. Total Interest for 6 months = 150,000 x 2.2% x 6 months = 19,800. Monthly loan payment = (19,800 + 150,000) /6 = 28,300 Monthly contribution = 1% x 150, 000 = 1,500 Therefore, Total monthly payment = 28,300 +1,500 = 29,800 In conclusion, if you take a loan of N150,000. You will have to pay N29,800 monthly for 6 months. Just to wrap it up, only collect the LAPO loan amount that you can afford to pay back without stress. You have to follow your repayment plan religiously because you will be fined if you don't pay back at the right time, the fine should be around N1,500 daily till you pay. check this offer http://nairaresources.com/?page_id=56 Loan application LAPO has over 300 branches in Nigeria. LAPO helps in improving lives and committed to the empowerment of low-income individuals. You can check LAPO website for application http://www.lapo-nigeria.org check this offer http://nairaresources.com/?page_id=56 |
How To Get Loan in Nigeria Without Collateral at LAPO LAPO (Lift Above Poverty Organization) established in 1987, is an NGO in Nigeria that runs a micro-finance bank (MFB); which is one of the Nigerian banks that give out loans without collateral . The LAPO Microfinance Bank Limited is a pro-poor financial institution committed to improving the quality of life of the poor through the provision of credit, savings instruments and other financial services. If you are still wondering if it is really possible to borrow money without collateral in Nigeria, well, it is for REAL. Someone very close to me here in Nigeria was recently granted a business loan by LAPO without collateral. So, in this post, I will be sharing with you where you can get the loan to start a small scale business, the benefits, the requirements and the repayment plan. Benefits of becoming a LAPO client 1. Small amount of installment, therefore making repayment schedule least stressful. 2. Transactions cost minimal, banking services to the door step of clients 3. Low cost of service 4. No collateral is needed 5. No extensive documentary work needed 6. Benefit from diversified clients training programme. Requirement for the loan 1. Fill a registration form 2. Open account with 10% of the amount you want to get as loan. 3. Two Guarantors (Note: They will be visited by LAPO laison officer). Your two guarantors must be on around on the day the loan will be disbursed to you. 4. LAPO laison officer will also visit your shop to assess it.(Note: This will play a vital role in how much the trader will get because they are going to assess the shop). check this offer http://nairaresources.com/?page_id=56 Interest on pay back After the above processes, you can then pay 10% and 0.5% of the approved loan amount for administrative fee and Insurance premium respectively and you will also be trained for two days. Apart from taking this loan without collateral, you are also going to enjoy a very small interest rate that is very affordable. The loan is been given out with an interest rate of 2.2% only as at the time of publishing this post and the repayment is up to 8 months. Mind you, 1% of the loan will be contributed by you monthly and you can withdraw the total after you finish paying back the loan. check this offer http://nairaresources.com/?page_id=56 |
Guaranteed Fund Credit (GFC) The Guaranteed Fund Credit provides credit for various agricultural enterprises under a guarantee fund model. It derives its essence from the Agricultural Credit Guarantee Scheme of the CBN. Features -Maximum tenor of 24 months inclusive of moratorium which may range from 3-12 months depending on the type of enterprise. -Single obligor limit of N10 million. -Applicant undertakes to bear the cost of agric insurance by NAIC and to notify NAIC, CBN and FirstBank of any peril within 48hrs. -Activity to be sponsored is in season Relationship Manager's (Agric) farm survey report demonstrates technical viability, profitability, disbursement and repayment schedule. Benefits -Customer enjoys a refund of up to 40% of interest paid on credit facility under an Interest Drawback Programme sponsored by the FGN and CBN. -Access to credit facility even with only 25% cash security cover for the borrowing (up to N1million). -Participation in the prestigious Farmer of the Year Award of the CBN. -Opportunity to create a safe, profitable and sizeable portfolio in the agric sector. Accompanying Documents -Customer’s letter of application. -Applicant undertaking to bear the cost of agric insurance cover by NAIC Evidence of applicant’s Savings Bank cash deposit balance of 25% of facility amount to be charged as security (for facilities of N500,000.00 and below). -Relationship Manager's (Agric) confirmation that the application qualifies for ACGS guarantee -Evidence of provision of acceptable collaterals in the form of landed property with adequate title, shares, life assurance policy, or third party guarantee supported with assets with EFSV of 130% of facility amount, or 100% of facility amount plus 25% cash collateral (where applicable, for requests of over N500,000.00). -Relationship Manager's (Agric) farm survey report. check this offer http://nairaresources.com/?page_id=56 Loan processing The duration of processing depend on how soon you can visit the closest branch to you, sit with a customer manager and discuss the terms. You can even forward your questions to firstcontact@firstbanknigeria.com |
After so much finding on how to get/borrow money for business in Nigeria. Its my previlege to shear with you the report from my Book Title "stepup loan". Call me at 08073147738 for downloading. Agricultural Development Trust Fund Credit (ADTFC) Agricultural Development Trust Fund Credit (ADTFC) is a tripartite arrangement between a trust fund provider, the Bank, and CBN (guarantor) to provide working capital loans for farm business. Features .Farmer saves 25% of eventual credit need, while trust fund provider sets aside 25% and FirstBank provides 100% of farmers' working capital requirement. .CBN guarantees 75% of the unsecured margin of 50%. . Farmer enjoys 40% interest rebate under the CBN's Interest Drawback Programme (IDP) upon full repayment of facility as and when due. Benefits .Widen the Bank’s client-base. .Creates new sources of deposit mobilization. .Generates a crop of loyal customers. .Helps farmers who ordinarily can not provide collaterals for Bank credit. .Generate a stream of assets with minimum risks Loan processing The duration of processing depend on how soon you can visit the closest branch to you, sit with a customer manager and discuss the terms. You can even forward your questions to firstcontact@firstbanknigeria.com I wish you all the best in your quest. http://nairaresources.com/?page_id=56 |
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big time opportunity to all the people who want to loss weight.. you dont have to walk down to abuja from another state..start from a village near abuja and people will respect you. @ d lady she stand for something whicbh most of us didnt see..UNITY |
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thank you all for following . your contribution are also welcome |
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Make money working as Computer class instructors It is no longer news that computers and computer-based system have become part of everyone’s life. Not only at the workplace, but at home as well. Everyone now needs some sort of computer training. You can build a business around that. You can even start computer classes that can be offered at home to those who are in need of your services. Whether they are old or young. You could start with two fairly-used computers that are in good computers that are in good conditions. Setting up all these should not cost you more than N50,000 and you can start without having a computer system, just do a good marketing of your service and you have people inviting you to their home or office to train them. Reference http://nairaresources.com/?page_id=56
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Make money working as Computer class instructors It is no longer news that computers and computer-based system have become part of everyone’s life. Not only at the workplace, but at home as well. Everyone now needs some sort of computer training. You can build a business around that. You can even start computer classes that can be offered at home to those who are in need of your services. Whether they are old or young. You could start with two fairly-used computers that are in good computers that are in good conditions. Setting up all these should not cost you more than N50,000 and you can start without having a computer system, just do a good marketing of your service and you have people inviting you to their home or office to train them. Reference http://nairaresources.com/?page_id=56 |
Make money from Event and party planning If you have been complimented so many times on your parties, you may just be good enough to be a good party planner. This is a business that can not fail if you are good at it, because it is a well-known fact that Nigerians love to party. All you need do is get some training and acquire some party equipment like chair, depending on how large you want the venture to be. Once you start, you can charge from N15,000 to N200,000, depending on the size of the party. If you do at least two parties in a month, you will be making a comfortable living. Reference http://nairaresources.com/?page_id=56
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Make money from Bead and Wireworks Making. Beads and wirework are jewelries that are trending now, as so many women, including socialites, now tend to prefer them to other types of jewelries. As a result, many discerning ladies are venturing into the business, churning out adorable designs. A two-month training for this craft costs about N20,000. After the training, you can start raking in money, depending on the type of beads you do. For example, there are beads of N10,000, while there are those of even N80,000 and above. The amount you make depends on your expertise, creativity, the types of beads you use and your customers. Reference http://nairaresources.com/?page_id=56
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