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What Do I Need To Start A Loan Office In Nigeria? - Investment - Nairaland

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What Do I Need To Start A Loan Office In Nigeria? by Carcholce: 7:07pm On Mar 17
I need help to know what to put in place. I want to provide small to large loans to individuals and businesses with assets as collateral.


Do I have to register with the government?
Do I need a license to operate?

Mods, please help me move to front page. Edakun!!!
Re: What Do I Need To Start A Loan Office In Nigeria? by Ance4Liverpool: 7:25pm On Mar 17
You must be very wicked and you must be diabolic if not people go chop your money well well

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Re: What Do I Need To Start A Loan Office In Nigeria? by alphaNomega: 8:01pm On Mar 17
That's how Otedola started. He can tell you a thing or two.
Re: What Do I Need To Start A Loan Office In Nigeria? by dawnomike(m): 8:40pm On Mar 17
Carcholce:
I need help to know what to put in place. I want to provide small to large loans to individuals and businesses with assets as collateral.


Do I have to register with the government?
Do I need a license to operate?

Mods, please help me move to front page. Edakun!!!

It depends on the scale of operation... Finance home or microfinance bank?

If microfinance, you'll need either a state license or a national operation license coupled with meeting the CBN capital base quota.
Re: What Do I Need To Start A Loan Office In Nigeria? by Nice2023(m): 8:56pm On Mar 17
Ance4Liverpool:
You must be very wicked and you must be diabolic if not people go chop your money well well


It mentality like this that has created fear and made many young guys poor,miserable and without future.

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Re: What Do I Need To Start A Loan Office In Nigeria? by Nice2023(m): 9:02pm On Mar 17
Carcholce:
I need help to know what to put in place. I want to provide small to large loans to individuals and businesses with assets as collateral.


Do I have to register with the government?
Do I need a license to operate?

Mods, please help me move to front page. Edakun!!!




I have been into this business for many years now...u can get a money lending license.

It is usually within ur business jurisdiction through the court.

If this money lending license is given to u in Lagos,u will not take it to Abuja.

U need a lawyer to facilitate this one for u...and I can link u up if u are in Abuja.


Another one is using Cooperative license which u can get from Federal ministry of Agriculture...which is what I am using.

I have been into this business for 12years.
Re: What Do I Need To Start A Loan Office In Nigeria? by HugeElephant(f): 5:07pm On Mar 18
Carcholce:
I need help to know what to put in place. I want to provide small to large loans to individuals and businesses with assets as collateral.


Do I have to register with the government?
Do I need a license to operate?

Mods, please help me move to front page. Edakun!!!

start a microfinance first

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