Hello fam... I'm a ghost nler, introvert in nature but i have to come out of my shell cos dis i very important to me...
My sch has been on strike for over 3 months now, I'm wasting away at home and i don't like it... Govt says no moni so and elections are coming in later dis yr in the state where i sch so it not looking like we're resuming soon. Election is in june..
I've always had this interest in d transport biz since i was a boy....
I have some money with me that if left with me, I'll spend it and i don't want to put it in bank where it'll just lie useless.. I NEED TO INVEST IT IN SOMETHING.
I'm thinking about buy a tricycle aka keke napep or keke maruwa. Thing is i have half the money, so I'm considering taking a loan from lapo(a tenant of ours does it in her shop... You see women coming every Wednesday for money) I've never tried it before. I need the money to do d biz. I need to be independent of my family cos I'm a man now(mid 20s)
Would you advice i take the loan or you'll advice otherwise..
What are the pros and cons of the biz
I'm in dire need of advice
Thanks... Much love
Mods pls help a future

I won't advise you to take loan from them (Lapo) because you will end up working for them as their interest rate is high.

The first place to look for investment capital is from family & friends (Thank God you already posses half). Be sincere & approach any of your family member(s) or friend(s) that can support. Make it a deal to motivate the other partner(s) i.e by entitling them to a share. Present analysis of your expected income, their share & the time frame you will pay back the debt.

Ride it yourself till its time to go back to school before you may hand it over to a reliable & trustworthy person. Give priority to paying off the debt.

I wish you unimaginable success.

sadiq4life:
I won't advise you to take loan from them (Lapo) because you will end up working for them as their interest rate is high.

The first place to look for investment capital is from family & friends (Thank God you already posses half). Be sincere & approach any of your family member(s) or friend(s) that can support. Make it a deal to motivate the other partner(s) i.e by entitling them to a share. Present analysis of your expected income, their share & the time frame you will pay back the debt.

Ride it yourself till its time to go back to school before you may hand it over to a reliable & trustworthy person. Give priority to paying off the debt.

I wish you unimaginable success.

You are an intelligent and a very experienced person. This is exactly what i wanted to advise him.

Just show them your plan and promise to pay them back.

transportation biz is a good one, do you know how to drive the keke marwa already?

FIDELITY24:
transportation biz is a good one, do you know how to drive the keke marwa already?

no my brother

Thanks alot for your advice.... I really appreciate @sadiq4life... @fidelity24 yes i can drive maruwa... Infact i drive anything on land.... But I'm looking to gv it to a rider.... So i can have time to diversify because i'm looking to go into agric wt my bro since we have land at some place. Thanks alot everyone you just helped a future have shape