ET MONEY SHOP Pawn Broking If there is a need for some urgent cash, their Pawn broking service could be just what you need. They will lend you cash to fulfill your obligation and secure the loan against an item of value for a month. Pawn broking is a great way to raise short-term loan […]

Loans are a common way of financing companies: you borrow from the investors/lenders an agreed amount (the principal) and repay the principal and interest to them after a specified period of time. Microfinance loans typically target small business owners. AB Microfinance Bank Nigeria offers SME loans to entrepreneurs FBN Microfinance Bank offers a variety of SME products financing Hasal […]

A commercial bank basically is any authorized financial institution, authorized by a governing body (for instance Central Bank of Nigeria) to accept money in forms of deposits and also lend money to individuals. In this post, I’ll be listing the complete names of commercial banks authorized by CBN in Nigeria. Are you in search of […]

SME LOANS Big businesses require big loans. The LAPO Microfinance Bank “SME Loan” is a credit product designed specifically to support Small and Medium Scale Enterprises (SMEs) operators in Nigeria. Irrespective of the sector your enterprise is operating, LAPO is willing to support you with a credit facility up to N5, 000, 000 to expand the enterprise. At an affordable […]

Kudi Capital Management Ltd announced the launch of Kudimoney.com a fully licensed online lending platform offering unsecured personal loans to consumers in Nigeria. At kudimoney.com creditworthy borrowers can apply for fixed-rate, no-fee personal loans of up to N1, 000,000 over a 6 month period.  Applicants are assessed and receive an immediate credit decision, followed by automated verification […]

Accessing loans is one of the major challenges Nigerians face. This is more challenging for entrepreneurs looking to grow their businesses, as it requires too many processes that many end up giving up and even dumping their dreams. This challenge is what KiaKia addresses. KiaKia utilises psychometry, big-data, machine learning and digital forensics for its proprietary […]

It could be a bit difficult to understand your credit report especially if you are seeing it for the first time. Many numbers and text all processed into the information about how you have fared over the years and are currently faring with paying back all the debts you owe across all sectors in the country. The […]

There are a lot of people in Nigeria with great business ideas, but their inability to raise capital for a start-up has brought hopelessness to their dream. In other words, many individuals and businesses would have become exceptionally successful due to their outstanding business ideas but their inability to meet up with the financial requirements […]

Getting a business loan is a major hurdle for most small businesses in Nigeria, mainly due to lack of proper credit facilities for small business owners and entrepreneurs in the country. But obtaining outside financing is often necessary to start or grow a business or cover day-to-day expenses, including payroll and inventory. Although finding, applying for and […]

Running a business is hard. But what’s even a lot harder is getting a bank or financial institution to provide you the required funds needed to grow your business. In Nigeria, securing a loan or credit facility is a lot more difficult than many other places around the world, because financial institutions don’t trust small […]