Microfinance loans for Businesses Worlwide

Before now, it has been difficult for business owners in Nigeria to secure loan to expand their businesses, either because of high interest rate which made difficult for borrowers to pay back in time or lack of collaterals
The federal government of Nigeria has invested over N20 billions in cash finance small-scale businesses in its siege to reduced the level of importation of foreign product, therefore promoting local made products.
With the introduction of Integrated Farmers Scheme, the Akwa Ibom State government issued out loans to without collaterals to graduate and local farmers
who are not employed to start their agricultural business.
The popularly known Grofins of South Africa in collaboration with some big names in the oil sector are also financing small-scale businesses by giving out soft loans up to about N20m for small-scale farming. This is oil money for grabs.