Borrowing Made Easy provides a simple guide on how individuals and business owners can access loans and manage it successfully. The book practically solves the knowledge gap associated with accessing credit for businesses and individuals. As we all know, credit is as old as time in itself and will remain provided there are still heights to attain in our individual lives and businesses. According to World Bank Doing Business 2018 in their Group Flagship Report, Access to credit still remains a critical measure for business improvement. Borrowing Made Easy was written to educate various categories of individuals and businesses in a simplest form on how to access credit, the requirements, how to get the best deals in the market and manage loans wisely without default. The book is a tool for financial planning and seeks to change the narrative in personal and business financial education. Inside, you will learn how individuals, entrepreneurs and business owners can access credit and make the best use in growing their business and living a fulfilled life
This book will expose you to:
- How to determine if you need a loan.
- How much loan you need and for how long.
- The type of loan you need based on the specific funding gap per time.
- The requirements to borrow as an individual or business across various categories such as working class professionals, self-employed, micro businesses, artisans, traders, SMEs and Mid-sized corporates.
- What individuals, entrepreneurs, groups and all categories of peoples irrespective of skilled level, vocations and associations requires to borrow successfully.
- Proper understanding of collateral and when they are required before you can be granted some loans.
- Types of collaterals, implications and how best to enter into a loan relationship using collateral and what the lenders expect from the borrower.
- Benefits of loans, as well as the unpleasant sides if not taking in the right manner or managed properly.
- Clearer understanding of formal and informal financial institutions and the one you require per time and lots more.