A sample micro lending business plan template in 2021
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How to create a micro lending business plan?
One of the ways to get really conversant with the micro lending business is to carry out your own feasibility research. Also you may want to use a business plan template to learn all that the business involves. The cost of starting, how many employees you will need amongst many others. Here is a sample micro lending business plan;
How big does a microfinance loan need to be?
Currently, our group plans on giving loan amounts in sizes of 500 EGP, 1,000 EGP, 5,000 EGP, and 10,000 EGP, and possibly more depending on the seriousness and reliability of the individual entity, and the probability of success and profitability of his/her plan.
What do I need to start a money lending business?
Good affordable furniture and a PC with the necessary money lending business software installed are important too. You will need to get your business register and secure the appropriate license. The requirement for lending out funds are country-specific but are generally lesser than those for establishing commercial and micro-finance banks.
Who are good clients for micro money lending?
Since you don’t have what it takes to lend to big companies and corporations like P&G, MTN, BAT, SHELL, and others; you should target those investors and individuals at the bottom of the economic pyramid. Small salary earners, petty investors, market women, and artisans are a good market to generate a client base for your money lending business.
Last Update: Oct 2021
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Comments
Adal
24.10.2021 06:26
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Timohty
27.10.2021 11:30
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18.10.2021 05:17
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28.10.2021 02:28
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