NIRSAL Loan Application Tips For SMEs
November 26, 2020

NIRSAL Loan Application Tips For SMEs

Following the outbreak of the coronavirus pandemic, several households and MSMEs were adversely affected. Global supply chains were greatly disrupted, leading to severe consequences on households’ livelihood and business activities.  To manage this crisis, the Central Bank of Nigeria (CBN) introduced the N50 billion Targeted Credit Facility (TCF). This credit facility’s sole purpose is to […]

All You Need To Know About NIRSAL Microfinance Bank Loan
November 26, 2020

All You Need To Know About NIRSAL Microfinance Bank Loan

Accessing financial support either in form of a grant or loan is one of the challenges that most SMEs in Nigeria face. Small businesses need financial support for various reasons ranging from raising business capital to expanding it. Typically, if your business has less than 500 employees, it is regarded as an SME. So, if […]

Why SMEs should know about NIRSAL
November 25, 2020

Why SMEs should know about NIRSAL

If you are an SME owner in Nigeria and you don’t know about NIRSAL, you are missing a lot. This body presents SMEs in Nigeria with so many benefits. In this post, we will discuss NIRSAL, its mission and vision, its benefits, and how to get loans from them. About NIRSAL NIRSAL is an acronym […]

7 Reasons SMEs get Loans
November 24, 2020

7 Reasons SMEs get Loans

Why should SMEs get loans? The truth is that Small and medium enterprises (SMEs) play a big role in the economy. Although these SMEs grow in numbers, there are major setbacks such as lack of adequate capital and funding. As a business expands and gains a competitive advantage, the existing capital may not be enough […]

Top 5 Institutions That Offer Loans Without Collateral And Affordable Interest Rates
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November 21, 2020

Top 5 Institutions That Offer Loans Without Collateral And Affordable Interest Rates

Just like you, many business owners need bodies that offer loans without collateral. Are you thinking of expanding your business and establishing a broader market presence to boost your brand and sales? Then it must have occurred to you that you need capital to carry out that expansion. There are various ways you can raise […]

Top 10 Frequently Asked Questions About SMEDAN
November 18, 2020

Top 10 Frequently Asked Questions About SMEDAN

In this post, we will proffer answers to questions about SMEDAN registration for SMEs in Africa. These answers will help you make an informed decision and further guide you through your registration process.  Having decided to register your business, below is a list of top 10 frequently asked questions to guide you through your registration journey.  […]

How To Secure Financial Support For Your Business Through SMEDAN
November 17, 2020

How To Secure Financial Support For Your Business Through SMEDAN

The lack of financial support is unarguable, top on the list of the recurring challenges faced by SMEs in Africa. This gap between the finance available to SMEs and the finance that they need to attain their full potential is further widened by the competitive market for the limited supply of investors’ funds.  This survey […]

What you need to know about SMEDAN’s MSME Mass Registration
November 16, 2020

What you need to know about SMEDAN’s MSME Mass Registration

If you haven’t heard about SMEDAN’s MSME Mass Registration exercise, then you need to read this. Earlier this year, SMEDAN launched the MSME registration exercise. There are several benefits of this exercise to SMEDAN and the MSMEs in Nigeria too. For example, SMEDANs MSME Mass Registration exercise will ensure that the body has an updated […]

How SMEs in Nigeria can access loans from SMEDAN
November 13, 2020

How SMEs in Nigeria can access loans from SMEDAN

It is almost impossible for SMEs to run without loans. Did you know that SMEs in Africa create employment as high as 80%? Africa has continued to expand remarkably as SMEs increase yearly. The challenge, however, for most SMEs in Africa is the lack of funding and access to credit. The government in various African […]

What you should know about NEDEP
November 13, 2020

What you should know about NEDEP

What do you know about NEDEP? SMEs in Africa are unarguably, one of the most important sub-sectors of the continent’s economy. These small businesses represent nearly 90% of all commercial ventures across various African countries, employ an astonishing number of citizens each year. They also contribute to the GDP of the countries within which they […]

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