Frequently Asked Questions (FAQ).


INVESTMENT


When you invest with Marigan Space Limited, your ROI annually is between 9 – 12%. The said ROI will be spread quarterly and to be paid into your stated bank account. As an investor, you will also be briefed quarterly about the company’s growth and development.

SAVINGS


Marigan Space Limited offers savings to all our customers and to those who intend to obtain loan services. Savings can either be daily, weekly, bi-weekly or monthly.

LOANS

Marigan Space Limited (MSL) LOAN PRODUCTS
a. Market Women Loan (MWLo)
b. Transport Union Loan (TULo)
c. Agricultural Loan (ALo)
d. Civil Servants Loan (CSLo)
e. Business Support Loan (BSLo)

A. Market Women Loan (MWLo)


This loan platform is designed for market women & men who need fast & efficient small loan services. To qualify, make a daily contribution for 30 consecutive days with MSL and you automatically qualify for 200% loan of your total savings.

Benefits


*Quick and easy access to credits
*Low interest rates on loan repayments
*Lower interest rates for repeated loans

Borrower’s eligibility


*Must have a guarantor (above 30 years old)
*Must have at least twelve (12) months experience in the same business
*Be able to demonstrate capability, competence & expertise of operating a business profitably
*Must have collateral (e.g. business equipment’s, house, etc.)

B. TRANSPORT UNION LOAN

This loan platform is designed for transporters (Keke Napep riders, Okada riders, Taxi drivers etc) to help with their vehicle maintenance & repairs. To qualify, make a daily/weekly contribution for 30 consecutive days with MSL and you automatically qualify for 200% loan of your total savings.


Benefits

*Quick and easy access to credits
*Low interest rates on loan repayments
*Lower interest rates for repeated loans

Borrower’s eligibility

*Must have a guarantor (above 30 years old)
*Must have at least twelve (12) months experience in the same business
*Must have a guarantor
*Be able to demonstrate competence & expertise in the particular transport sector
*Must have collateral (e.g. vehicle documents, house, etc.)

C. Agricultural Loan (ALo)


This loan platform is specifically designed for farmers to help run their respective farms more efficiently since it is usually difficult to keep with the cost associated with it. We help secure needed agrochemical products, animal feeds and the likes for a fruitful season/harvest.

Features

*Minimum loan amount starting from N 50,000:00
*Convenient repayment periods from 1 – 6 months depending on the authorized loan amount
*Competitive interest rates on loan repayment

Borrower’s eligibility

*10% equity contribution of loan amount
*Must present 2 guarantors (including one civil servant)
*Must have at least twelve (12) months experience in the same business
*Be able to demonstrate capability of operating the agricultural business profitably
*Must have collateral (e.g. business equipment’s, vehicles, lands, etc.)

D. Civil Servants Loan


This loan platform is designed for civil servants and other salary earners to help with household/domestic needs, children school fees, acquire properties and those in need of emergency/urgent funds.

Features

*Minimum loan amount starting from N 50,000:00
*Convenient repayment periods from 1 – 3 months depending on the authorized loan amount
*Competitive interest rates on loan repayment

Borrower’s eligibility
*A copy of letter of appointment with current organization
*Last 3months salary account statement
*Must have at least twelve (12) months working experience in the same organization
*Standing Order on salary account
*Must have a guarantor

E. Business Support Loan (BSLo)


This loan platform is specifically designed for entrepreneurs to provide working capitals or to finance inventory, equipment purchases or any other business related purpose. This product is intended for revenue producing activities (business) only.

Features
*Minimum loan amount starting from N 50,000:00
*Convenient repayment periods from 1 – 3 months depending on the authorized loan amount
*Competitive interest rates on loan repayment

Borrower’s eligibility
*10% equity contribution of loan amount
*Must present 2 guarantors (including one civil servant)
*Must have at least twelve (12) months experience in the same business
*Be able to demonstrate competence & expertise in the particular business sector
*Must have collateral (e.g. post dated cheque(s), business equipment’s, vehicles, house, etc.)
*Last 3months account statements detailing business transactions