Wednesday 29 August 2018

Why You Shouldn't Take A Bank Loan-Dr.Enitiolorunda Abiola-Idris


Taking a bank loan can be encouraging as you have more money in your bank accounts to do stuffs you have always wanted to do like buy a new car,get a new store,stock up your new store,stock up your existing store,some even do it for egoistic reasons but hey !  A short term bank loan cannot get you out of poverty neither would it do you any good. Yes i say so !  It would successfully enroll you in the school of rat race,it would get you a new job in the bank you borrowed money from,you would work day and night for them ,you would eventually have nothing to show for. So whats the essence ?  Eventually you will need to make love to another bank to pay the first bank,the race  goes on and on and on. Bank loans has sent lots of people to their early grave. Long term BOI loans for other businesses,not trading can be considered with experienced consultants. Loans for trading and  from micro finance or commercial banks would only quickly expose your secrets and then send you to your early grave. However,that little kiosk can be gradually built into an empire,if and only if you work with the right set of business people

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