Mandy96
Valued Contributor
Micro loans are very good for small business owners, this is a very great idea because it covers a lot in terms of finance especially for the new entrepreneurs. They have really helped a lot. Most of the market traders do make use of this organizations and they really boost their businesses. The interest on these loans are usually not much. I really know of some of these loan agencies who don’t charge more the ten percent as interest on it. For example, if you happen to borrow like one thousand naira, an interest of ten naira only will be added on the money borrowed from them. I can boldly recommend these loans agencies for some of the petty traders.