Quantcast
Channel: Radar from TechCabal - Latest topics
Viewing all articles
Browse latest Browse all 4729

Will you be willing to lend part of your monthly salary as soft loans for Nigerian SMEs?

$
0
0

@uchdollar wrote:

SMEs (Small and medium size enterprises) are the backbone of every economy story on the street has it that SMEs employs 80% of the work force and contributes about 47% to the country's GDP. But Nigerian SMEs are not performing at optimal level as a result of many issues plagueing the country of which the most eminent is lack of finance. It is believed that the Nigerian middle class constitutes about 15% of the over 180 million citizens and if all or most part of the middle class contributes a little amount as soft loans even as little as #10,000 monthly, it will go a long way in financing these businesses and it will also serve as an investment with interest to the lender. So my fellow Radarians can you lend a little part of your monthly salary as soft loans for Nigerian SMEs in order to grow the economy and get us out of recession?

Posts: 3

Participants: 2

Read full topic


Viewing all articles
Browse latest Browse all 4729

Latest Images

Trending Articles



Latest Images