Stella Dimoko Korkus.com: Generators And Deep Freezers As Collateral For Bank Loans...

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Friday, 2 June 2017

Generators And Deep Freezers As Collateral For Bank Loans...

Acting President Yemi Osinbajo has signed two new laws that would help facilitate access to more affordable credit facilities for businesses in the country.





The new laws were part of the federal government’s reforms aimed at easing business operations in the country.

 What do you think?Knowing how Nigerians are,do you think this will work out?Is there a limited amount or can someone drop a face me i face you generator and collect a loan of ten million knowing that if they dont pay back,they will lose ownership of the generator or deep freezer...

Do you see this working out?Banks better secure warehouses to stores these things when it starts and hope they get their monies back.

I honestly do not see this working out at all..My two cents though!

What do you think?


24 comments:

STARRY LARRY said...

Wetin we no go see or hear, Nigeria is now a joke




*Larry was here*

Miss Ess said...

This kind of collateral; banks have entered igbese

GALORE said...

Thank you lord... Make I go carry that my "I pass my neighbour " Generator wen I buy years ago for 14k take go borrow money for bank



@Galore

VICTORIOUS EHIS said...

It may work but depends on d amount u want to tk as loan

AdeEsther (Do you work and live in Abuja, Lagos, ph $ ibadan? do you need a quick loan upto 2.5m without collateral?call/whatsapp 07037873466 said...

They will definitely give according to your property capacity. Same way my company gives loan. We give based on salary capacity but without collateral

Great idea though.
Nice one Mr Acting President

Chike TEFLON said...

We are laughing at Mugabe here comes Osubande *in vuhari's voice "

Only in Zoo..

ukwu dimond said...

Is not working out anything, where will banks store all this kayas?

RadioHead Steelheart said...

Lolzz Generator And Freezer?!!! Fa! Fa!! Fa!!! Foul!!!!!!! Aint gonna work..What a funny initiative....

Chike TEFLON said...

Osibanjo see what you and vuhari have reduced Nigeria to... Modern trade by barter

Great charming said...

Only me sef will go and personally buy face me I slap u gen,like 3 go different banks go collect 5mill each hahaha

The Observer said...

Of cos the collateral will be valued and used to limit the amount of facility granted na!

SANDY YO said...

Hell naaaaaah! Kolewerk!!! Dosent even make sense in da first place.*huh*

Yori Yori Princess Loveme Jeje said...

Just want to know if it is new freezers and generators or i should go and look for i better pass my neighbour to collect loans.

Nigeria is now following zimbabwe. Chai brainless countries

Gbogbo bigz girlz said...

Kolewerk.

ego lag said...

Ofcourse the loan amount would be limited to the values of the generators and deep freezers presented as security for the loan.
Another consideration is having a market for the securities in case of default; this I think would be the challenge to be faced.
Firstly ,would the disposed value be enough to cover for the loan balance?
IMO,I don't think anybody would want to buy a used generator or deep freezer.

bigbanty said...

The loan amount depends on what your collateral is, you don't expect to get a loan of 10m and your collateral is generator and deep freezer.
This type type of collateral can get you a loan of probably 50-100k depends on the value of your generator or freezer.

jelly said...

No be small igbese banks go get

Chikito The Professional Fire for Fire said...

I see electricians wearing suit now and working in banks as quality control officers 😂

sholetoga said...

This can't work in Nigeria, the banks won't follow this directive even.......WTH

Justyswt said...

Smh. Real joke. Which bank will accept these as collateral? Mchhewwwsss.

TRIUMPHANT ZION said...

Our leaders thinking odd,just the way onetime minister of transport introduced bicycle in this modern age.

abisoye ologbenla said...

Generators or freezers can be used as collateral in as much as the amount youre loaning is not upto the prices of the said collaterals. It's just a simple logic

Amacastel said...

Am sure no bank wil accept the fridge & generator collateral.

exthar said...

Lol

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