We offer Nigerian SMEs easy, fast and flexible access to working capital according to their business requirements and suited to their finance needs. What we offer. Business loans and finance solutions — to suit SMEs and larger more established companies. The minimum funding amount is 100,000 Naira.
What is the difference between funding and financing?
What do you mean by financing?
Finance, or financing, is the process of raising funds or capital for any kind of expenditure. It is the process of channeling various funds in the form of credit, loans, or invested capital to those economic entities that most need them or can put them to the most productive use while Funding is money given by an organization or a government for a particular purpose
Devcom Comcollect offers shot term small loans to traders especially those in the provision store business.
NOTE: Applicants must be atleast 30 years of age.
We have two packages ranging from 50,000 to 100,000 Naira only. To access these loan facilities an applicant is to first of all apply on our website, provide us two guarantors, preferably senior civil servants or banker who will provide us a Cheque that covers the loan amount to be cashed at the end of 30 days. The applicant is to pay 10 percent of the loan amount upfront as service charge and loan fee. The Loan facility will be provided in the form of commodities and not cash and at the time of approval the applicant will be assigned a personal manager who will collect a fraction of the total amount divided by thirty day. This means that if an applicant applies for 50, 000 naira the daily repayment will be 50,000 divided by thirty days equaling 1,666 naira daily and the same for a loan facility of 100,000 respectively. The assigned personal manager will visit the business address provided on the form for verification. If the applicant defaults on the daily repayment plan for up to three days the lender which is Devcom comcollect reserves the right to go and retrieve the balance of the commodities supplied.
1, Complete the form below
2, Upload one cheque worth the loan amount
3, Upload 1 passport photograph