Six months of records
A bank statement, a POS history or your sales book.
Business loans
Stock for the season, tools for the trade.
For members who trade, make or fix things. From ₦200,000 to ₦10,000,000, repaid weekly or monthly, with a free business clinic every month.
- Example rate
- 1.5 percent a month
- Amount
- ₦200k to ₦10m
- Repay
- Weekly or monthly
- Term
- Up to 18 months
Chapter 01
Three members, three businesses.
Stories shared with permission. Names are examples.
₦800k
A tailoring shop in Wuse market.
Two new industrial machines before the festive rush, repaid weekly over nine months from the extra orders.
₦2.5m
A provisions store in Nyanya.
Stock bought in bulk at the start of the month, when the price is lowest, repaid monthly.
₦6m
A small bakery in Lugbe.
A second oven and a delivery tricycle, repaid over eighteen months.
Chapter 02
What we ask for.
Simple, because most of our members’ businesses are small.
Two guarantors
Members who know your business.
A one page plan
What the money is for and how it pays back. We help at the clinic.
Savings of one third
Ordinary savings of at least a third of the loan.
Chapter 03
The business clinic.
First Saturday of every month, 10am at the office. Free for members.
- Bookkeeping you can keep up with
- Pricing for profit, not just sales
- Using POS and transfers safely
- Writing the one page plan
Questions
About business loans.
Can I repay weekly?
Yes, by transfer every Friday, which many traders prefer.
Do I need a registered business?
Not for loans up to ₦2,000,000. Above that, yes.
Can I get a grace period?
Up to one month before the first repayment, for stock that takes time to sell.
Can two members borrow together?
Yes, for a shared business, each with their own guarantors.
Plan your next season.
Work out the weekly or monthly repayment.