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Nairaland Forum / Nairaland / General / Business / Loan Business. (1571 Views)
Loan Business / Loan Business / I Need Advice On My Intended Loan Business (2) (3) (4)
Loan Business. by Nobody: 11:42pm On Aug 27, 2019 |
Please, I need input on this. This idea has been on my mind for a while and I have the capital to fully go into it. I want to start up a loan business in campus. I intend making it strictly to those in school's hostel, but I am having doubts as it's difficult to get people pay back loans. My plan was to use 'Eligibility' as a collateral and the loan must not exceed a week(7days). I intend starting from 1-10k since it's students loan. I shared this with my bro and he killed my spirit with some funny things people do after taking a loan. ![]() Please, the whatsapp number is strictly for 'Upwork'. Don't send any loan message there. BTW, I never said I give loans to Nairalanders. Thanks. 1 Like |
Re: Loan Business. by bimbax: 2:43am On Aug 28, 2019 |
Sounds great! I can assure you it's gonna be a life saver while you make some interests. On the risks, I advice you work with either SUGs or the school authorities to have a collateral (maybe credentials), otherwise, students can funny. |
Re: Loan Business. by theumpteenth: 7:07am On Aug 28, 2019 |
GrabHisBalls:parents/guardians have to be guarantors and you will call them if the student doesnt pay. I need a loan of 2k |
Re: Loan Business. by Nobody: 7:46am On Aug 28, 2019 |
theumpteenth:If I'm to use their eligibility as a collateral, will I be needing a guarantor? |
Re: Loan Business. by Nobody: 7:50am On Aug 28, 2019 |
bimbax:The collateral I want to use is the original letter of eligibility. This letter is more like your life-line in school. |
Re: Loan Business. by theumpteenth: 9:27am On Aug 28, 2019 |
GrabHisBalls:I'm not sure of the document you are referring to but never the less, having someone to refer to incase of default will go a long way. Loan me 2k abeg |
Re: Loan Business. by Nobody: 9:53am On Aug 28, 2019 |
theumpteenth:The document is what legalizes a student's admission. How I want collect my money back if I loan you? ![]() |
Re: Loan Business. by theumpteenth: 10:24am On Aug 28, 2019 |
GrabHisBalls: It carries weight. But dont sleep on getting guarantor information oo me too i dont know
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Re: Loan Business. by Nobody: 1:45pm On Aug 28, 2019 |
theumpteenth:I can't reply the email linked to this account. |
Re: Loan Business. by theumpteenth: 2:26pm On Aug 28, 2019 |
GrabHisBalls:redalertconcepts@yahoo.com |
Re: Loan Business. by cyntobless(f): 10:33pm On Aug 28, 2019 |
Every business has risk attached to it, First you need to ask yourself if you are ready for its risk should any funny situation arises Secondly,why loan? I don't not intend to discourage you,have you thought of selling? Choose foodstuff. My piece dear. 1 Like |
Re: Loan Business. by Nobody: 8:58am On Aug 29, 2019 |
cyntobless:I know the risk involved. Thanks for the foodstuff advice, but I am not interested in such. 1 Like |
Re: Loan Business. by Neduzze5(m): 7:06am On Sep 02, 2019 |
GrabHisBalls: Original copy of WAEC certificate is a good collateral as far as you can securely keep it. Larger loans may require guarantors and another document. |
Re: Loan Business. by Nobody: 6:30pm On Sep 10, 2019 |
Neduzze5:Alright, thanks. |
Re: Loan Business. by Zibahstores(f): 11:01pm On Sep 10, 2019 |
GrabHisBalls:can we talk dear? I have a good proposal you might be interested. |
Re: Loan Business. by Nobody: 12:23pm On Sep 11, 2019 |
Zibahstores:What's it about? |
Re: Loan Business. by Zibahstores(f): 3:18pm On Sep 11, 2019 |
GrabHisBalls:It's an investment opportunity with us. It totally depends on the amount a person is investing tho. I pay some people 12,500, 25,000, 50,000 every six weeks. All this is done with legal agreement. I can send you the form via email to view and understand better. |
Re: Loan Business. by Nobody: 6:58pm On Sep 11, 2019 |
Zibahstores:I don't get you. 1. How much initial investment am I supposed to make and for what interest is it meant to accrue? 2. What's the legality of the said legal agreement when it's not carried out by proxy? |
Re: Loan Business. by IamaNigerianGuy(m): 11:00pm On Sep 11, 2019 |
Don't. |
Re: Loan Business. by Laird(m): 12:03pm On Nov 27, 2019 |
You can't win a debtor in a law court because you don't have a government licence to lend out money for Interest and you could' be accused of illegal seizure of people's property. You could also become a campus target as the person who has so much money to Lendout 1 Like |
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