Tuesday, November 25, 2008

Bank Of Industry: Miniloans, Microloans?

Hi everyone! Time to pretend that I posted in November!
Here's a link to what everyone is talking about out here:
BANK OF INDUSTRY
They'd lend money (on the order of one million naira) to entrepreneurs, with a co-operative system in lieu of a large collateral requirement. That means cash for capital can't be an excuse for not starting a business here in Nigeria. Tell everybody.
It turns out, surprisingly, that twenty-somethings also lack BUSINESS IDEAS. I don't lack ideas, so maybe I should sell mine :) to hundreds of people who have the smarts to develop them.

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