Apply for BAOBAB Loan 2022 | Get N20,000 Instantly

Baobab is a financial inclusion group focusing on serving individuals, micro and small enterprises (MSMEs) on the African continent and in China. The company’s mission is to unleash the potential of its clients offering them simple and easy-to-use financial services.

visit the official website to apply for Baobab Loan https://baobabgroup.com/ng/loans/

TRENDING NOW

RECENT POSTS

• National Social Housing Programme Application 2022 Ongoing – Get FREE House
• Apply for 247 Agricultural Credit Scheme 2022 (Get Up to N2 Million)
• How to Apply for Vice President N5,000 RRR Cash Transfer 2022 (Only for Nigerians)
• FMARD AFJP Farmers Grant 2022 – How to Receive Payment
• Nexit CBN Loan: Volunteers to Get 650k to N5M without Collateral – June Update

Microloans – This is for entrepreneurs, traders, and students to access up to N1m for existing businesses. The interest rate charged by Baobab on loans is a minimum of 7% with the total dependent on the tenor of the loan. Microlending is the provision of financial services for people who don’t have access to traditional financial services such as banks.

The loans are aimed at individuals who were previously considered “unbankable” by larger banking institutions. These are borrowers who are possibly dealing in small amounts of money each day, living in hard-to-access areas, without credit histories, or who don’t meet “traditional requirements” within the banking sector.

Steps to Apply for BAOBAB Loan 2021

1. visit the BAOBAB loan portal https://baobabgroup.com/ng/loans/
2. Click on “Start Now”
3. Fill out the form
4. Click “i declare” if you are above 18 years
5. Then click submit

SME loans – They provide a loan of up to 20m to help consolidate or invest in your business, that is repayable in up to 24 months. The loan is for use as working capital or for the purchase of fixed assets.