DID YOU TAKE A LOAN PRE COVID-19 AS AN SME OR STARTUP? YOU SHOULD RENEGOTIATE YOUR LOAN TERMS NOW!

If you’re reading this and you’ve lost your job, your salary has been slashed or you’ve suffered business loss as a result of this pandemic that makes it impossible for you to comply with your loan agreements and repayment plans, my counsel to you is to approach your creditor, be it a commercial bank, micro finance bank or any other money lending outfit and request a renegotiation of your repayment plan.