An International Funding Organization sponsored by World Bank is giving soft loan to entrepreneurs in Nigeria.
Few years ago some Nigerian entrepreneurs really enjoyed opportunity given by the organization to offer loan without collateral but today the grace has been lifted because some people abused the privilege. Now, there is a string attached to it. Intended loan seekers must present collateral before loan is given.
CONDITIONS FOR EXISTING BUSINESS
1. Your existing business is your collateral.
2. Interest rate of 4% yearly.
3. Pay back after seven years.
4.Your business will be inspected before disbursement of fund.
5. Maximum loan to apply is N124 million( One hundred and twenty-four million naira)
6. You must submit a business plan.
CONDITIONS FOR START-UP BUSINESS
1. You must have a guarantor as a collateral.
2. Interest rate of 2.5% yearly.
3. Pay back after seven years.
4. Maximum loan to apply is N500,000 (Five hundred thousand naira)
5. You must submit your business plan.
WHAT I WILL DO FOR YOU
1. Introduce you to the organization.
2. Send you a sample of required professional business plan to edit as it suits your business.
3.Send you their office address, phone numbers, email address etc.
For more details send email to; etido2020@gmail.com
