Stats: 3,183,638 members, 7,921,381 topics. Date: Thursday, 15 August 2024 at 12:52 AM |
Nairaland Forum / Nairaland / General / Business / Will Payday Loans Work In Nigeria? (2466 Views)
Y Was My Topic Abt Payday Nigeria Deleted. / Enjoy Cash Aid Till Next Payday Without Any Hassle / Uk Office Of Fair Trading Denies Progress Of Payday Loans Cap (2) (3) (4)
Will Payday Loans Work In Nigeria? by Ajasnoop: 3:22pm On Jul 08, 2013 |
Payday loans are usually short term borrowings for about 2weeks to a month or until payday. The provider charges a fee for the loan which will usually be a flat rate. e.g N250 for every N1,000 borrowed. Typically people who use these kind of loans do not have access to bank credit and may not or cannot approach family and friends. will this work in Nigeria? if not, why not? |
Re: Will Payday Loans Work In Nigeria? by Ajasnoop: 9:33am On Jul 18, 2013 |
Bump |
Re: Will Payday Loans Work In Nigeria? by Denn(m): 5:15pm On Jul 18, 2013 |
the rate you quoted above is way too high. the business is currently in full swing in NIgeria and it can work. some factors to consider are: the segment market the repayment period the security offered what to do in case of default. many thanks |
(1) (Reply)
Get A Profit Profile Of Palm Kernel Oil Extracting Business / H / Paypal Talk ( Questions & Answers )
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7 |