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According to the World Bank, one of the reasons micro, small, and medium-sized businesses struggle is lack of access to credit facilities.
An important parameter used to assess countries on the ease of doing business index is access to finance or loan facilities. Access to timely financial services (low-interest loans) could help build reliable platforms for overseas investors and generally improve the Nigerian business environment.
Despite the enormous strides Nigeria has made in terms of ease of doing business, there is a significant gap between where we are now and where we want to be.
Entrepreneurs can still get funding for their businesses and expand their revenue base despite the lack of access to credit facilities. Private financial institutions have stepped in to fill the void in providing seamless access to credit. They provide a comprehensive range of financial services that are entirely client-focused and have flexible payback plans.
Advans La Fayette Microfinance Bank is a well-known private financial institution in Nigeria that offers low-interest business loans to micro, small, and medium-sized businesses.
Advans La Fayette MFB offers flexible repayment options and low-interest rates on all loans.
Visit www.advansnigeria.com for more information about low-interest loans in Nigeria.