Naijaloanapps
This newfound ease of harnessing capital, however, comes with a critical question: should you share your Bank Verification Number (BVN) with these apps to unlock their lending power? It’s really a critical and delicate matter and should be treated as such. Do not worry I will be dissecting the potential risks associated with BVN sharing … Read more
With the importance of the BVN currently in Nigeria, it is now established as very important in our banking and financial system. People are greatly confused following the current trend of loan apps and want to find out: Why do loan apps request your BVN during the application process? I will expose the reasons behind … Read more
While loan apps offer a convenient and seemingly effortless way to bridge unexpected financial gaps they also have emerged as a game-changer. In this digital lending landscape have you ever stopped to consider the role of your Bank Verification Number (BVN)? maybe not. But in Nigeria, the BVN is a unique identity code assigned to … Read more
This initiative aims to provide easier access to financing many local businesses in Nigeria with the advantage of lower interest rates. This ₦75 billion loan program was made for Micro, Small, and Medium Enterprises (MSMEs) and was introduced by the Nigerian government to be offered in January 2024. Eligibility Criteria for FG 75bn loan for … Read more
Businesses that fall between individual entrepreneurs and large corporations are Known originally as Micro, Small, and Medium Enterprises, (MSMEs). They equally operate across various sectors and also they come in all shapes and sizes starting from your local bakery to a tech startup. initially, I talked about the differences between msme and business loans but … Read more