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How to find Investors

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Before approaching investors, I would make sure you are truly ready for an investment. You must be highly scalable for growth when you ask for an outside investment. This means that you have a clear path to execution which guarantees some kind of return back to the investor. I would also be prepared to explain how your micro loan business is different from all the other micro lenders in Nigeria.

Micro lending is a crowded industry and there are questions about how effective it is for SME’s (Small Medium Sized Enterprise) in Africa: | https://www.un.org/africarenewal/magazine/august-2015/microfinance-good-poor | https://www.vox.com/future-perfect/2019/1/15/18182167/microcredit-microfinance-poverty-grameen-bank-yunus | https://africasacountry.com/2019/09/a-fatal-embrace

Be prepared to defend your industry when it comes to growth. It looks like it is a very mature industry with a number of online lenders: https://mishi1zguladze.medium.com/top-10-online-easy-business-loans-in-nigeria-2021-e1eb832a7dcf Please note that micro lending has high overhead costs compared to other forms of lending, making it less attractive as an investment.

I assume you have studied the competition and identified what distinguishes your micro lending service from everyone else. I assume you have a pitch deck prepared, no more than 20 slides – Correct? I assume you have prepared a script to follow? Investors get pitched lots of opportunities and they pretty much know the drill – they are business savvy people who will ask very direct questions. Therefore, you should make sure you are properly prepared in advance.

Here is a YouTube video on how to pitch to investors: https://youtu.be/SB16xgtFmco

Here is a recommended script to follow: https://uploads-ssl.webflow.com/5755c32caff2cb202fee0616/5b4772d2c3102c2c69f15491_Aleberry%20Pitch%20Script.pdf

Report Matt's answer

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James hi. Investors are everywhere (i.e. web, biz clubs, chambers of commerce) but first you need to properly prepare yourself to "sell" your proposal in terms of an appealing pitch / presentation supported on a market analysis, a detailed business plan (including a financial subplan), and so on. Showing that previous homework will demonstrate you are a reliable entrepreneur, with a good commercial initiative, and able to respond to the financial agreement (principal plus return on investment). A positive financial credit history will also help. Have success.

Report Miguel 's answer

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It's very hard to find one in Nigeria- Investors

Report James Ndifreke's answer

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