5 key places your business can get funds in Nigeria

We have continued to look at places where businesses big or small in Nigeria can get capital for their business because we understand the importance of timely access to funds for businesses. This list of places are not all in Nigeria, but they provide access to funds for Nigerian businesses. You can find the list of other places where businesses can get capital here, here and here. 1. RenMoney RenMoney offers customers unsecured cash loans of up to N2.5 million for a tenor that ranges from three to nine months for new customers, returning customers enjoy longer tenor of twelve months. This available for either salary earners or self-employed a verifiable source of income is provided. Find out more about RenMoney ...

9 more places your small business can get funding from in Nigeria

Last week we compiled a list of 9 places your Nigerian small business can get funding from. That list is by no means exhaustive as we know there a quite a number of these places to access funding. This is a continuation, we hope to continue adding more of these places, hopefully, you can find the perfect place for the fund for that business of yours. 1. Bank of Agriculture Headquartered in Kaduna, the Bank of Agriculture provides credit to support all activities in the agricultural value chain. This it does through either direct lending to qualified loan applicants engaged in agricultural and non-agricultural small businesses or through providing credit facilities to issuing organizations through its on-lending service. Contact them here 2. Shell LiveWIRE Shell describes its liveWIRE program as a social investment ...

9 Places small businesses can get funding in Nigeria

Funding is arguably one of the biggest challenges small businesses in Nigeria face, the problem is however, not unique to Nigeria alone. The World Bank estimates that “50% of SMEs lack access to finance, which hinders their growth”. This does not mean there are no places and organisations small businesses in Nigeria can raise capital, here are 9 of such organisations. 1. Bank of Industry Bank of Industry Limited (BOI) is arguably Nigeria’s largest successful development financing institution. Providing financial assistance for the establishment of large, medium and small projects. Its programmes include matching funds and managed funds, many of which target small and medium scale enterprises. An example is the Federal Department of Agriculture (FDA) Cottage Fund. http://www.boi.ng/ 2. Tony Elumelu Entrepreneurship Programme The  Tony Elumelu Entrepreneurship Programme ...