Anyone applying for AGSMEIS LOAN should bear in mind that your AGSMEIS LOAN APPLICATION doesn’t end with EDI CENTERS. After uploading your business plan , you will still be interviewed by Nirsal microfinance bank Staff and the following are the common questions you are likely to answer for existing businesses
Though these questions may appear cheap , they are not as simple as they appear and they go a long way in determining how much will be approved for your business. Remember, your show of confidence NOT ARROGANCE really matters so much here.
Here are the common 23 questions:
1 . What’s your name ?
2. Where is your business venture located ?
3. How much did you apply for in your loan application
4. How much do you make daily as profit
5 . How much is your business worth now, name your current assets and how much did you buy them
6 . When did you Start the Business and
7 .is your business a sole proprietorship or you have patners
8. Do you have workers ?
9. How much do your workers
10: what are the equipment needed to run your business
11 . How much is your working capital
12. How do you intend to pay back the loan
13. If this business doesn’t thrive well as projected how would you cope repaying the loan
14 . Why do u think u need this money
15. How will this money contribute to your business
16. Who are your competitors ?
17 . What are the unique characteristics that distinguish you from your competitors.
18. What are u going to do differently when your loan is approved
19 . How do you sustain existing customers and how do you get new ones
20 . What are the common challenges in your business and how do you solve them
21 what is your total revenue in a day or month
22. Do.u have existing loan :
ALL THESE QUESTIONS MAY NOT COME TO YOU BUT YOU ARE LIKE TO COME IN CONTACT WITH MOST OF THEM . UPGRADE YOURSELF FOR THIS INTERVIEW BY STUDYING YOUR BUSINESS ONE AGAIN .MAKE RESEARCH ABOUT YOUR BUSINESS AND STUDY YOUR BUSINESS PLAN VERY VERY WELL.
BEAR IN MIND THAT YOU WILL NOT BE INTERVIEWED BY SPIRITS BUT FELLOW HUMAN BEINGS LIKE. WHETHER A GRADUATE OR NON GRADUATE YOU CAN STILL DEFEND YOURSELF ANYWHERE ANYTIME.
EVEN IF YOU APPLIED WITH BUSINESS YOU ARE NOT FAMILIAR WITH , ALL YOU NEED DO IS STUDY THAT BUSINESS THEORETICALLY AND PRACTICALLY VERY WELL .
VISIT PEOPLE WHO ARE INTO THE BUSINESS BECAUSE THERE ARE THINGS YOU CAN’T SEE LEARN BY READING BUT YOU CAN LEARN THEM BY PRACTISING THEM.
WHEN YOU DO THIS SUCCESS IS YOURS
OKPARA IJEZIE KINGSLEY