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Free sample business plan proposal - micro lending

free sample business plan proposal - micro lending

TheFinanceResource.com - Free Hard Money Lender Business Plan



Interested in starting a money lending business? If YES, here is how to start a money lending business with no money and no experience.


Starting a Small Money Lending Business



Starting a money lending business does not have to be an impossible idea. You will discover that my claims are not fraudulent if you can take your time to read through this post. Most commercial banks make money in two major ways. They give out grants and small business loans at particular interest rates for instance, AB - MFB Microfinance Start up loans. They also lend money to investors using funds that you deposit with them through cash, check deposit or electronic money transfer. I won't be making reference to commercial banks' subsidiary functions like giving out credit letters and Forex transactions.

How To Start a Money Lending Business in the Philippines, UK, Kenya, Indian, South Africa, Canada, Kerala, Australia, Nigeria, Singapore, Malaysia, Fiji 


Lend Money


The truth is most of these functions are too technical for your own money lending business. Good news is the business would be able to receive cash and give out advance money and it will duly registered.


What Do I Need To Start A Money Lending Business


- Education
- Passion
- Close Monitoring
- Capital Base (Less Than 100k)


How To Set Up a Money Lending Business

It is difficult to start your own money lending business that caters for the whole country with respect to your current resources. This is the reason you should think about localization. You will later need an official base where new and existing clients can come to get their issues sorted out. The place must be conspicuous, accessible and presentable. Good affordable furniture and a PC with the necessary money lending business software installed are important too.

How To Register A Money Lending Business

You will need to get your business register and secure the appropriate license. Requirement for lending out funds are country-specific but are generally lesser that those for establishing commercial and micro-finance banks.

Who Should I Target?
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 good market to generate client base for your money lending business.


What Is The Best Money Lending Business Strategy?

Although there is not shortage of customers for money lending business, you cannot take on everybody. This is due to what is called credit appraisal. To take care of fund receipt and repayment process, each client should be made to deposit at least 20% of loan sought. To protect you money, enable daily and weekly loan repayment and these people have a high tendency to become less aware of their obligations after receiving the loan.

Studying trends of operations and advertising in micro-finance banks and using it to develop marketing strategies for money lending business is recommended. You don't have to hire a lot of people for a start. As your money-lending business expands its capital base, you would need to employ more people to do the footwork. If you want to start with say 90k, loan out 20k to each clients. That is like 4 clients already. Don't make the mistake of giving out all your funds at once. No business ever does that.

Call it whatever you like. Giving out loans as money lending business ideas, I call it smart banking :)

To get free money lending business software: money lending business software free download

To get a free sample of money lending business plan: money lending business plan sample

To get the names of top best international private money lending companies in USA, Lagos, Accra Ghana and Kampala: click here



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Comments

  1. Vicevokomohejo

    Some Capital that has nothing better to do scavenges on Society by lending itself to Start-ups that plan to be profitable in half a century!

  2. Sefowufoh

    The whole plan is a scam in which the taxpayers get hosed. An acceptable deal is lending the owners $38M at market collateralized by PawSox

  3. Kugohucoxuj

    5 Reasons Not to Borrow From Your Retirement Plan for all your

  4. Lujibumez

    Back of the envelope calculation: was BNDES lending in the 2000s larger than the Marshall Plan? I"ve serious doubts

  5. Povagob

    Huge thank you to Marie in Oldham Chadderton lending me Leanne for 8 weeks to support the people plan in convenience

  6. Yobulojowu

    Today you announced more debt and more lending with no clear plan to finance nationalisation and assumption that ppl will pay 7% more tax

  7. Neboxiweso

    I think this is a beautiful idea, but I hope they plan to serve more than just one flower per person! ; )

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