Wednesday, June 1, 2011

Loan opportunity to small business in Nigeria

business credit is golden
Insufficient fund is a peculiar hurdle most small and medium(SMEs)business are facing in Nigeria,while some need fund to start their business others need it take such business to another level.
Insufficient capital has
made many to abandon their entrepreneurial skills and lofty ideas.those that deafen all odds are moving in a very slow rate because of lack of ideas to access business credit  to bail out from such crises,
Personal savings,friends,money lenders,contributions,banks and cooperatives are the avenue open and known to many business owners,unkowned to many business owners like you is that they can also access fund from government.
There are loan opportunities at the state,federal and world bank level.
However in a bid to offer life line the federal government has set aside a business credit loan where business owners can access collateral free loan for business.NATIONAL ECONOMIC RECONTRUCTION FUND (NERFUND) is responsible for giving such loan.nerfund mandate is to make long and short term micro-credit loans avaialabl to individuals(skilled men and women,retirees,young graduate etc ) and business group involved mainly in manufacturing,quarrying,agro-allied,industrial support services,equipment leasing and other ancillary services,such services must be wholly Nigerian owned.the general purpose is to encourage made in Nigeria goods.

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