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NYIF Loan Discussion Thread - Business (10) - Nairaland 473m5s

NYIF Loan Discussion Thread (257732 Views)

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oxx4: 10:07am On Feb 20, 2021
No
viexcey:
Please....
For those that have applied successfully for non-resgistered business, did you submit your business plan as a document?
viexcey(f): 10:09am On Feb 20, 2021
oxx4:
No

Okay... Thanks
waley007(m): 10:16am On Feb 20, 2021
Please what is local govt certificate , is it my state of origin certificate ?

1 Like

Kapilta(m): 10:21am On Feb 20, 2021
waley007:
Please what is local govt certificate , is it my state of origin certificate ?
Wen u enta skul dat year dem no ask for local govt certificate of origin for clearance time ni?
Nurex1(m): 10:22am On Feb 20, 2021
Please guys, I am stock at the loan purpose page and the system is telling me to match the requested format. I am confused here ooo

1 Like

KingAbdulazeez: 10:22am On Feb 20, 2021
waley007:
Please what is local govt certificate , is it my state of origin certificate ?
yess
Kapilta(m): 10:24am On Feb 20, 2021
Fucklove:
Ask yourself if the question you asked made sense to you. You guys keep repeating stupid questions here. I hate seeing this embarassed angry
Someone yaff vex grin
Re: NYIF Loan Discussion Thread by Nobody: 10:37am On Feb 20, 2021
Nurex1:
Please guys, I am stock at the loan purpose page and the system is telling me to match the requested format. I am confused here ooo


Just use "Startup" or "Expand my business" it will go through. Whichever applies to you

1 Like

waley007(m): 10:57am On Feb 20, 2021
KingAbdulazeez:

yess
thanks

1 Like

InvestmentMood: 11:41am On Feb 20, 2021
have successfully verified my . But I couldn't . I was very sure of the & email I used, yet is saving invalid email or .
I have tried resetting , but no message in my email.
Pls, help a brother in need of LOAN
FlexyGy(m): 11:58am On Feb 20, 2021
InvestmentMood:
have successfully verified my . But I couldn't . I was very sure of the & email I used, yet is saving invalid email or .
I have tried resetting , but no message in my email.
Pls, help a brother in need of LOAN
use Firefox browser, to
ADEBAZ95(m): 12:04pm On Feb 20, 2021
Please guys, I encounter a problem. Who is done with this NYIF. How do you manuerve it.

I have issue with where I cycled. I write my purpose but it is saying I should follow the format of 10 minimum characters.

Do we even have up to 10characters?

I guess it was mistake.

Nurex1(m): 12:22pm On Feb 20, 2021
[quote author=ADEBAZ95 post=99250666]Please guys, I encounter a problem. Who is done with this NYIF. How do you manuerve it.

I have issue with where I cycled. I write my purpose but it is saying I should follow the format of 10 minimum characters.

Do we even have up to 10characters?

I guess it was mistake.

Write "Start up" or "Expand my business" as it applies to you
ejimbe92634: 1:04pm On Feb 20, 2021
Wasn't easy at all but Thanks to God.
Here is a few tips that can help us.
1-Try midnight hours to , if u have a link on ur email try the last link sent for most of us that had multiple links
2- even when it keeps mes keep trying, I never got a confirmation that I am verified until 5am today I tried again and I saw one time notification above that this has been verified.
3. and and always try to attempt u never can tell if uve been verified.
4.start application
5.chat ur self up o. Wattsapp, keep a detailed info about ur business so u can easily copy and paste.
6. Write down in a book ur average monthly expenses, average monthly profit, profit in a year, monthly expenses. So u can reach out and type it in once u see the dashboard.
7. Even when that loading button is delaying u tap reload or send again.
Good luck to us

1 Share

Re: NYIF Loan Discussion Thread by Nobody: 1:14pm On Feb 20, 2021
ejimbe92634:
Wasn't easy at all but Thanks to God.
Here is a few tips that can help us.
1-Try midnight hours to , if u have a link on ur email try the last link sent for most of us that had multiple links
2- even when it keeps mes keep trying, I never got a confirmation that I am verified until 5am today I tried again and I saw one time notification above that this has been verified.
3. and and always try to attempt u never can tell if uve been verified.
4.start application
5.chat ur self up o. Wattsapp, keep a detailed info about ur business so u can easily copy and paste.
6. Write down in a book ur average monthly expenses, average monthly profit, profit in a year, monthly expenses. So u can reach out and type it in once u see the dashboard.
7. Even when that loading button is delaying u tap reload or send again.
Good luck to us

Did you complete it this afternoon?
ADEBAZ95(m): 1:50pm On Feb 20, 2021
[quote author=Nurex1 post=99251180][/qu

You dont get.

The thing is asking for 10 characters, like when forming strong and u are asked to use different characters.


Who is sole proprietor and has successfully submitted. How did you get the LOAN PURPOSE.
dhope: 1:56pm On Feb 20, 2021
ejimbe92634:
Wasn't easy at all but Thanks to God.
Here is a few tips that can help us.
1-Try midnight hours to , if u have a link on ur email try the last link sent for most of us that had multiple links
2- even when it keeps mes keep trying, I never got a confirmation that I am verified until 5am today I tried again and I saw one time notification above that this has been verified.
3. and and always try to attempt u never can tell if uve been verified.
4.start application
5.chat ur self up o. Wattsapp, keep a detailed info about ur business so u can easily copy and paste.
6. Write down in a book ur average monthly expenses, average monthly profit, profit in a year, monthly expenses. So u can reach out and type it in once u see the dashboard.
7. Even when that loading button is delaying u tap reload or send again.
Good luck to us
congrats to you bro. I have laboured seriously to get this thing completed but to no avail. After receipt of sms prequalification notification, I have validated my bvn and landed on my page but I have a challenge going forward to continue my application because error messages keep popping up after choosing ed business, supplying my LGA cert and description of my business. What browser did you use and did you do everything only at midnight because I have spent almost three nights now trying it but error messages keep coming. Thanks
Solomonmonday82: 2:06pm On Feb 20, 2021
Were your mailed after the preselection sms?
I haven't received any mail from them since I was preselected [quote author=Nurex1 post=99251180][/quote]
ejimbe92634: 3:15pm On Feb 20, 2021
kenddys:

Yes
Did you complete it this afternoon?
ejimbe92634: 3:19pm On Feb 20, 2021
dhope:

I completed mine around the same time I made my post say around 11-12 noon, but I only noticed I was verified this around 5 am.so I tried from them till I got lucky.
Bro I used opera to get the work done but I was opening on Mozilla and chrome too
congrats to you bro. I have laboured seriously to get this thing completed but to no avail. After receipt of sms prequalification notification, I have validated my bvn and landed on my page but I have a challenge going forward to continue my application because error messages keep popping up after choosing ed business, supplying my LGA cert and description of my business. What browser did you use and did you do everything only at midnight because I have spent almost three nights now trying it but error messages keep coming. Thanks
ejimbe92634: 3:24pm On Feb 20, 2021
Loan purpose- for a lucrative business venture.
This alone I believe should do as it did for me
ejimbe92634: 3:29pm On Feb 20, 2021
InvestmentMood:
have successfully verified my . But I couldn't . I was very sure of the & email I used, yet is saving invalid email or .
I have tried resetting , but no message in my email.
Pls, help a brother in need of LOAN
Once ur is verified u will be able to sign in but first u must have received ur pre-qualification sms, proceed to the link on d sms, get ur verification email ,and get ur acct verified
Xtopherprince(m): 3:47pm On Feb 20, 2021
Acidosis:




I don't know the nature of your business and whether your previous selections justify the amount you seek but use this as a guide (you might need someone else to confirm the figures cos I did this in a hurry). Also note that these figures are appropriate only for a long tenure (e.g. 2-3 years). If you're considering paying back in one year, your sales revenue and gross profit should be higher.


Monthly sales revenue for 12 months -- N1,500,000

Projected monthly sales revenue (the above divide by 12) -- N125,000

Projected monthly operating expense (at least 40% of the above) -- N50,000

Projected monthly gross profit (N125,000-50,000) = N75,000

Projected annual operating expense (N50,000 x 12 months) - N600,000

Projected gross profit (2021) (75,000 x 12 months) - N900,000

Projected gross profit (2022) (increase 2021's gross profit by 10-20%) - e.g. N1,080,000

Projected gross profit (2023) (increase 2022's gross profit by 20-30%) e.g. N1,296,000.




Thanks for this. Quick question, based on the figures above, how much would be your annual net income ?
dhope: 4:16pm On Feb 20, 2021
ejimbe92634:
Wasn't easy at all but Thanks to God.
Here is a few tips that can help us.
1-Try midnight hours to , if u have a link on ur email try the last link sent for most of us that had multiple links
2- even when it keeps mes keep trying, I never got a confirmation that I am verified until 5am today I tried again and I saw one time notification above that this has been verified.
3. and and always try to attempt u never can tell if uve been verified.
4.start application
5.chat ur self up o. Wattsapp, keep a detailed info about ur business so u can easily copy and paste.
6. Write down in a book ur average monthly expenses, average monthly profit, profit in a year, monthly expenses. So u can reach out and type it in once u see the dashboard.
7. Even when that loading button is delaying u tap reload or send again.
Good luck to us
in addition to these, after several attempts using chrome browser with no advancement, I used firefox this afternoon and despite the slow response obtained in using their site, I completed it and submitted. Goodluck to us all
Lotuswhite: 4:22pm On Feb 20, 2021
You guys are just the best.. one would've developed a migraine but for your collective guidances and wisdom.. I've been dreaming about the loan for days now

God bless y'all.. smiley

Although I'm still waiting to get my LG certificate and a hardcopy of my CAC undecided
extol1(m): 4:35pm On Feb 20, 2021
ejimbe92634:
Wasn't easy at all but Thanks to God.
Here is a few tips that can help us.
1-Try midnight hours to , if u have a link on ur email try the last link sent for most of us that had multiple links
2- even when it keeps mes keep trying, I never got a confirmation that I am verified until 5am today I tried again and I saw one time notification above that this has been verified.
3. and and always try to attempt u never can tell if uve been verified.
4.start application
5.chat ur self up o. Wattsapp, keep a detailed info about ur business so u can easily copy and paste.
6. Write down in a book ur average monthly expenses, average monthly profit, profit in a year, monthly expenses. So u can reach out and type it in once u see the dashboard.
7. Even when that loading button is delaying u tap reload or send again.
Good luck to us
please I want to know whether these processes are for those who ed last year or the new one, because I just ed newly this week and I am yet to receive any message.
thanks
xtain7: 5:27pm On Feb 20, 2021
Anonymousgister:
Just finished for wifey (uned business category).

I want to start mine (ed business) but I have just the CAC cert number. Don't know how to get the TIN. Any clues on how fast I could get it?

And by the way, I was able to apply for 500k for hers. I don't get where the talk of 300k max is coming from.

Chat me
Linzo(m): 5:29pm On Feb 20, 2021
Acidosis:




I don't know the nature of your business and whether your previous selections justify the amount you seek but use this as a guide (you might need someone else to confirm the figures cos I did this in a hurry). Also note that these figures are appropriate only for a long tenure (e.g. 2-3 years). If you're considering paying back in one year, your sales revenue and gross profit should be higher.


Monthly sales revenue for 12 months -- N1,500,000

Projected monthly sales revenue (the above divide by 12) -- N125,000

Projected monthly operating expense (at least 40% of the above) -- N50,000

Projected monthly gross profit (N125,000-50,000) = N75,000

Projected annual operating expense (N50,000 x 12 months) - N600,000

Projected gross profit (2021) (75,000 x 12 months) - N900,000


Projected gross profit (2022) (increase 2021's gross profit by 10-20%) - e.g. N1,080,000

Projected gross profit (2023) (increase 2022's gross profit by 20-30%) e.g. N1,296,000.



You calculation is very wrong, guys please ignore this calculation

Gross profit is a profit you got before substraction of expenses or anything else.

2 Likes

Richardlove(m): 5:32pm On Feb 20, 2021
I ed last year and up till now no email. I tried but nothing. What can I do to get prequalify. I tried re-ing but I see you have not being trained. Please any advise for me?
Re: NYIF Loan Discussion Thread by Nobody: 5:41pm On Feb 20, 2021
extol1:

please I want to know whether these processes are for those who ed last year or the new one, because I just ed newly this week and I am yet to receive any message.
thanks

This is for those you ed last year and have gotten an sms
Re: NYIF Loan Discussion Thread by Nobody: 5:42pm On Feb 20, 2021
Linzo:


You calculation is very wrong, guys please ignore this calculation

Gross profit is a profit you got before substraction of expenses or anything else.

Abeg help us with a correct calculation then

Please
Re: NYIF Loan Discussion Thread by Nobody: 5:42pm On Feb 20, 2021
Richardlove:
I ed last year and up till now no email. I tried but nothing. What can I do to get prequalify. I tried re-ing but I see you have not being trained. Please any advise for me?

Did you get any sms?

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