To a country’s economy do you know how important small businesses are? I bet you don’t. but they’re the real deal in Nigeria. According to some experts, SMEs are the backbone of our economy funny enough it’s the same story across Africa. They make money by creating jobs and helping the country grow. As highlighted … Read more
From the tech startup dreaming big to the manufacturing firm powering industries, you can spot them everywhere in Nigeria from the neighborhood tailor mending clothes to the bustling local grocery store. While offering employment opportunities to millions of Nigerians these small and medium-sized enterprises (SMEs) are more than just businesses; they’re the lifeblood of communities, … Read more
Struggling to secure the necessary funds for starting your own business might not be an easy one considering the failing economy in Nigeria today. ok, let me give you the shock of a century do you know that there are ways of funding SMEs in Nigeria through additional funds which will become the game-changer you … Read more
Many economies in today’s world, relied heavily on small and medium-sized enterprises (SMEs), as their backbone which serves as engines of growth, innovation, and job creation. Significantly to gross domestic product (GDP), these dynamic businesses contribute to fostering competition and drive economic diversification. SMEs demonstrate agility and adaptability, by their very nature allowing them to … Read more
A vital aspect of any loan is the term or duration. As a borrower, this is just the length of time to repay the loan. Due to the diverse nature of businesses and the lending landscape determining a universal maximum term for SME term loans has become so challenging. The complexities in determining this critical … Read more