Introducing SUBA Thrift Platform
Since the launch of StartUp Business Africa (SUBA) community in July 2016, we made it crystal clear that our goals are to create an avenue to; Network, Develop & Generate Funds for our business idea and projects.We've enjoyed viable business networking among ourselves... Testimonials abound. We've been able to develop ourselves through development materials in the community and courses from #AskSilas Academy Now! We want to officially announce the launch of the SUBA Thrift & Credit Platform as a Fund Generating Solution for new and existing businesses within and outside the community. SUBA Thrift & Credit Cooperative Ltd is a registered cooperative (crowd fund) business model that helps a group of people pull cash together through contributory savings and loans towards a particular goal. According to Wikipedia, "...a cooperative society is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations..." This platform is a two-fold package; i. StartUp Grant (#StartUpPitchChallenge): The idea here is to help raise cash for new and existing business ideas start or exponentially grow within N200,000 budget for members of the community and non-members alike. This interest-free grant would be given every month to the winner of the StartUp Pitch Challenge. To get in is apply via text message by sending Kampus SPC NAME to 33811. Top 10 entries would be selected monthly to go head to head for the N200,000 grant prize on a KampusTV NG produced show - StartUp Pitch Challenge with Silas Ozoya. To enter send Kampus SPC NAME to 33811. (SMS cost N50). Multiple entries allowed. (Terms & Conditions Apply) ii. StartUp Loan Scheme: Using a cooperative (crowd fund) savings and loans model, we would be giving financial members of the community 3, 6 and 12 months loans at 10% interest rate and 15% to non-financial members (Terms and Conditions Apply). We've been developing this for a while and we hope it would benefit both members of the community and nonmembers alike in terms of business expansion and growth.
To benefit from this funding solution, you would need to be a financial member of the cooperative or be referred by a member of the cooperative. REGISTER HERE NOW
To be a financial member, you would have to save with the cooperative for at least 180days. Savings can be between N5,000 - N50,000 monthly.
Return on Investment (savings) - All saved funds earn a simple interest of 5% returns per quarter totally to 20% ROI per year.
REGISTER HERE NOW!!! to start saving and to have access to loans.
Qualification for Loans is based on your saving circle track record in the last 180 days period before the loan application. Loans are given in 3 stages; Stage 1 Loan - N50,000 - N499,000 Stage 2 Loan - N500,000 - N999,000 Stage 3 Loan - N1,000,000
All above loans are at 10% interest rate in 3, 6 or 12 months period. Interest is deductible at source.
Need a StartUp Business Loan? JOIN NOW by filling the attached form, Start Contributing a minimum of N5,000 to qualify for a loan of up to N1,000,000 in the next 180 days