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Personal loan
Loans: Good or Bad?
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[QUOTE="sucess1995, post: 957"] Loan is good when u have a tacit plan for the loan you requested for. It is always dangerous to request for loan for an impromptu business or task. Loan is also bad when it was requested based on the speculative reasons or just for a forecasted profit. I could remember when some farmers in Nigeria according to the national bureau of statistics (NBS report) requested and collected some loans to finance their agro businesses without considering the uncertainty that might come their way, it happened that the country had her Most terrible flood ever in the nations history, the farmers experienced a huge loss. Three among the farmers that took loan committed suicide. on this case we considered loan as being bad but the truth there is that you must consider uncertainty before collecting loan for your business.lo [/QUOTE]
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Loans: Good or Bad?
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