LOAN MYTHS THAT KEEP PEOPLE STUCK IN DEBT By Vanessa Nalugo Kalunda The Marketing & Communications Officer at Ntende Finance Ltd. Loans have helped millions of people start/expand businesses, pay school fees, buy assets, handle emergencies, etc. Yet despite how common loans are, many people still fear them, or use them badly because of myths passed around by friends, family,…
WHAT LENDERS LOOK FOR BEFORE GIVING A LOAN By Vanessa Nalugo Kalunda The Marketing & Communications Officer at Ntende Finance Ltd. When applying for a loan, many people focus only on one question, “will I be approved?” But lenders are asking a very different question, “can this person pay the loan on time and in full?” Understanding how lenders think…
GOOD DEBT VS BAD DEBT: Know the difference By Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd. It all ties back to business loans Vs consumption loans Debt often gets a bad reputation, and for good reason mostly. But here’s the truth, not all debt is bad debt. In fact, when used wisely, debt can be a…
Vanessa Nalugo Kalunda Marketing & Communications Officer at Ntende Finance Ltd. HOW TO GROW YOUR BUSINESS USING A BUSINESS LOAN For many entrepreneurs, especially in growing economies, access to capital is one of the biggest barriers to success. You may have the vision, the skills, and the customers, but without enough money to grow, your business can remain stuck at…
What do you need to do to start a business? There are dozens of websites that have checklists to remind you of the many tasks you should perform when starting a business.
Supporting women-owned businesses makes all those dreams a reality for the owner and the community in which they serve, especially when considering the many obstacles women face in the workforce, like access to affordable child care and fair access to capital.
Small companies face an uphill battle – buyers leverage long-payment terms on invoices and banks are often unable to give businesses the access to the funds they need. Large companies are demanding longer payment terms than ever before.
With a secured loan, the collateral that you submit is also at risk. However, unlike your reputation, profits, and credit history, you have choices when it comes to choosing the type of collateral you’re willing to risk.
Tracking your spending on a regular basis can give you an accurate picture of where your money is going and where you’d like it to go instead.
You’ve been taught to associate debt with over-the-top impulse spending. When you hear the word debt you immediately think of someone that went out and purchased a whole