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Precious
PreciousKnowledge Seeker
Asked: September 4, 2023In: Money & Business

Reasons why Minor people will want to apply for a loan?

I’m still wondering why Minor people will want to apply for a loan when they’re under age, is it possible for minor to apply for a loan? What is the reason why Minor will want to apply for a loan? More thought ...Read more

I’m still wondering why Minor people will want to apply for a loan when they’re under age, is it possible for minor to apply for a loan?

What is the reason why Minor will want to apply for a loan?

More thought on this guys.

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  1. Augusta
    Augusta Enlightened Mentor
    Added an answer on August 5, 2025 at 5:36 am

    No. I don't think a minor can gets a loan especially here in Nigeria . A loan is a contract between the borrower and the lender. Minors cannot enter into legally binding contract In fact, Most lenders prevent anyone under 18 from applying for fast loan money. However, you may encounter a situation tRead more

    No. I don’t think a minor can gets a loan especially here in Nigeria . A loan is a contract between the borrower and the lender. Minors cannot enter into legally binding contract

    In fact, Most lenders prevent anyone under 18 from applying for fast loan money. However, you may encounter a situation that requires a significant amount of money which would not sit well with the lender

    I think the minimum age to get a Personal Loan is 18 years during loan application. The maximum Personal Loan age limit is 60 years during loan closure. Though most of these lenders set the minimum age to at least 21. However, a few banks offer loans for 18 year olds, if they are earning a certain amount of income.

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Mhizta Yan
Mhizta YanActive Contributor
Asked: August 29, 2023In: Money & Business

How important is market research in business?

Market research has to do with doing a thorough research in your area about the product you’re selling, as well as the price and the demand of it. what role do market research play in businesses?

Market research has to do with doing a thorough research in your area about the product you’re selling, as well as the price and the demand of it. what role do market research play in businesses?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 5, 2025 at 1:04 am

    Market research is an important part and aspect of starting a business. You must know the market before you can join the market and this is more of less possibly worth being described as a war whereby you need to know your enemy well or at least that knowing your enemy is a huge step toward making iRead more

    Market research is an important part and aspect of starting a business. You must know the market before you can join the market and this is more of less possibly worth being described as a war whereby you need to know your enemy well or at least that knowing your enemy is a huge step toward making it out of the war alive.

    So you also need to know what the market is all about and what things can be gotten from the market

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Mhizta Yan
Mhizta YanActive Contributor
Asked: August 19, 2023In: Money & Business

How to make money in garri businesss?

Garri is one of the highly demanding food in Nigeria. Just like other products garri has it own marketing strategy. We have different type of garri: White garri,yellow garri, ijebu garri etc. How can someone make money in  garri  businesssess?

Garri is one of the highly demanding food in Nigeria.

Just like other products garri has it own marketing strategy.

We have different type of garri: White garri,yellow garri, ijebu garri etc.

How can someone make money in  garri  businesssess?

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  1. De Mogul
    De Mogul Expert Mind A student
    Added an answer on August 4, 2025 at 6:43 pm

    In any business you are doing you have to know what kind of things to do to get work customer and make a lot of profit.   Which is why when you are into garri business you have to have a target market where you'll always have customers waiting for your products   You should also make yourRead more

    In any business you are doing you have to know what kind of things to do to get work customer and make a lot of profit.

     

    Which is why when you are into garri business you have to have a target market where you’ll always have customers waiting for your products

     

    You should also make your product are of great qualites and very good looking Because most people like taking garri that looks very neat and white


     

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Light
LightTrusted Adviser
Asked: July 30, 2024In: Money & Business

How do You Create a Convincing Membership Program?

You have been rendering services for value and you decided to create a membership program. How do you make it convincing for people to join?

You have been rendering services for value and you decided to create a membership program. How do you make it convincing for people to join?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on August 4, 2025 at 10:09 am

    If you want people to actually join your membership program, you’ve got to make the value super clear and worthwhile. Give them something exclusive whether that’s special content, discounts, or perks that they can’t find anywhere else and that really helps them out. Be upfront about how it will makeRead more

    If you want people to actually join your membership program, you’ve got to make the value super clear and worthwhile. Give them something exclusive whether that’s special content, discounts, or perks that they can’t find anywhere else and that really helps them out. Be upfront about how it will make their lives easier or better. Sharing stories or reviews from current members also goes a long way to building trust. And keep the sign-up process simple so nobody feels overwhelmed. When people see the real benefits and it’s easy to get involved, they’re much more likely to jump in.

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Jewel
JewelKnowledge Seeker
Asked: September 25, 2023In: Money & Business

Can proper routine help in business startup?

When you have a routine unlike budget and plan a routine will help you to know when you plan to do a certain job or to take a rest in business field can routine help in business startup?


When you have a routine unlike budget and plan a routine will help you to know when you plan to do a certain job or to take a rest in business field can routine help in business startup?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on August 4, 2025 at 9:33 am

    Yes, having a proper routine can really help when you're starting a business. A lot of people focus on things like budgeting or creating a business plan and those are definitely important but without a routine, it's easy to lose direction in the day-to-day hustle. A routine gives structure to your tRead more

    Yes, having a proper routine can really help when you’re starting a business. A lot of people focus on things like budgeting or creating a business plan and those are definitely important but without a routine, it’s easy to lose direction in the day-to-day hustle. A routine gives structure to your time, helping you stay consistent even when motivation drops. It keeps you focused on the tasks that actually move your business forward instead of getting caught up in distractions. It also helps you avoid burnout by making space for rest, which is just as important as hard work. Over time, having a routine lets you spot what’s working and what’s not, so you can adjust and grow more efficiently. And if you plan to build a team, the routine you set early on becomes the model for how your business operates. So while it might seem simple, a routine can make a big difference in staying grounded and productive as your startup grows.

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Augusta
AugustaEnlightened Mentor
Asked: August 16, 2023In: Money & Business

Where to source for low interest loans

A lot of times what keep people in debt is borrowing. When you source and get loans that comes with high interest it might just be difficult to pay off as you anticipated. It is better to go for loans ...Read more

A lot of times what keep people in debt is borrowing. When you source and get loans that comes with high interest it might just be difficult to pay off as you anticipated. It is better to go for loans with low interest. Where can one source for this kind of loan?

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  1. Avarose
    Avarose Enlightened Mentor
    Added an answer on August 4, 2025 at 8:04 am

    One of the best places to look is credit unions. They’re not-for-profit, so they usually offer much lower rates than banks. You’ll need to become a member, but that’s usually cheap and easy, and the savings can be well worth it. Another option is to check online lenders like SoFi, LendingClub, or UpRead more

    One of the best places to look is credit unions. They’re not-for-profit, so they usually offer much lower rates than banks. You’ll need to become a member, but that’s usually cheap and easy, and the savings can be well worth it.

    Another option is to check online lenders like SoFi, LendingClub, or Upstart. Some of them give decent rates, especially if you’ve got good credit. Just be sure to compare offers and always read the fine print some hide fees or conditions that can raise the cost.

    Government loan programs and nonprofits (like CDFIs) also offer fair, low-interest loans especially for small businesses or people with lower income. These take more effort to find, but they can be a real lifeline if you qualify.

    If you’re employed, it’s worth checking whether your company offers payroll advances or employee loans. Some employers have low- or no-interest programs that many people don’t even know about.

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Light
LightTrusted Adviser
Asked: September 19, 2023In: Money & Business

How do you manage multiple business sites?

Effective delegation, transparent communication, and reliable systems are necessary for managing multiple business sites. Make sure each location has competent managers, stick to standardized procedures, and make use of technology for centralized management and real-time information. Make sure each site ...Read more

Effective delegation, transparent communication, and reliable systems are necessary for managing multiple business sites. Make sure each location has competent managers, stick to standardized procedures, and make use of technology for centralized management and real-time information. Make sure each site is in line with your overall business plan by conducting regular performance assessments.

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  1. Japstics
    Japstics
    Added an answer on August 3, 2025 at 8:35 pm

    We can manage multiple business site by having aids or worker who help mange other activities of the business, for instance, let say I own a printing press and a restaurant, which demand my attention, the easiest way I'll handle it is to employ enough man power to help handle the other site of the bRead more

    We can manage multiple business site by having aids or worker who help mange other activities of the business, for instance, let say I own a printing press and a restaurant, which demand my attention, the easiest way I’ll handle it is to employ enough man power to help handle the other site of the business, in cases of online business, I suggest have a good network systems at least two to three which will help monitor the businesses easier and faster.

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yusra
yusraTrusted Adviser
Asked: September 15, 2023In: Money & Business

What are some tips for reducing expenses and saving money?

With the high cost of living making saving a challenge, what practical money-saving strategies like cutting discretionary spending, downsizing housing/transportation, negotiating bills, meal prepping, avoiding impulse purchases, and finding free entertainment can help individuals trim expenses and consistently set aside ...Read more

With the high cost of living making saving a challenge, what practical money-saving strategies like cutting discretionary spending, downsizing housing/transportation, negotiating bills, meal prepping, avoiding impulse purchases, and finding free entertainment can help individuals trim expenses and consistently set aside funds to build savings and financial health?

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 2, 2025 at 9:15 pm

    Making a budget is a very good way to actually avoid some kind of unnecessary spending otherwise called impulsive spending. If you have a budget it helps you to stay on track and avoid any kind of spending that is it necessary Also you can avoid unnecessary spending by making sure that you have bettRead more

    Making a budget is a very good way to actually avoid some kind of unnecessary spending otherwise called impulsive spending. If you have a budget it helps you to stay on track and avoid any kind of spending that is it necessary

    Also you can avoid unnecessary spending by making sure that you have better things to do with money. If you have nothing to do with money, you will spend it uselessly. Find investments and save accordingly

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[Deleted User]
[Deleted User]
Asked: July 29, 2025

Balancing Motherhood and lifestyle

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 2, 2025 at 8:59 pm

    In everything there is always a need for one to strike balance and even in parenting, motherhood and family relationship, you must maintain a healthy balance with your lifestyle Of course once you marry and start a family, there is a need for you to understand that it has already become part of youRead more

    In everything there is always a need for one to strike balance and even in parenting, motherhood and family relationship, you must maintain a healthy balance with your lifestyle

    Of course once you marry and start a family, there is a need for you to understand that it has already become part of you and it must be factored as the number one but you must also maintain good relationship with people outside and also as a family make sure you make time for your leisure. Go out for dates with your partner, go alone or together for walks and do things that will help you take some fresh air not just the act of cooking and caring for children

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Svishok
SvishokExpert Mind
Asked: September 23, 2023In: Money & Business

Are remote jobs the future of work?

With the rise of remote work, this question examines whether traditional office-based employment is giving way to remote and online work arrangements.

With the rise of remote work, this question examines whether traditional office-based employment is giving way to remote and online work arrangements.

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  1. Carpon
    Carpon Expert Mind Hustler
    Added an answer on August 2, 2025 at 8:46 pm

    Technology is continuously advancing and as the day goes by, most of the things that will require the input of humans physically announcing done with the help of a computer's and other mechanized tools. This should be a pointer to the fact that very soon most work will no longer be done physically aRead more

    Technology is continuously advancing and as the day goes by, most of the things that will require the input of humans physically announcing done with the help of a computer’s and other mechanized tools.

    This should be a pointer to the fact that very soon most work will no longer be done physically and there might be no need for people to come to offices in order to carry out activities. This means that everything will be done remotely.

    It is in a way pointing to the fact that in the future everything will become remote though it may not be very near but of course sooner or later.

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