Diaspora Opportunities

Mobile apps have been at the forefront of the new wave of digital innovation. Apps are essentially platforms that assist individuals and organisations to work more efficiently, and reduce their paper work digitally, putting aside much paper work. Formelo  is an enterprise mobility platform that enables companies to build mobile apps quickly.It is user friendly and highly innovative and helps companies create custom mobile apps that perform different functions including helping sales executives connect to their company's CRM, providing doctors with quick access to medical records, and helping government inspectors carry out more inspections efficiently. Formelo is highly secure and has highly scalable servers, and runs on severs located around the world in such places as Virginia(US),Strasbourg (France),Falkenstein(Germany). Niyi Gbodimowo (co-founder,Formelo) Niyi Gbodimowo, one of the founders, narrated to me how they started. The company started as an idea...

Doing business in Nigeria for a small scale business can be somewhat difficult without adequate funding.Most banks and finance houses demand for collateral to enable them give you loans Three banks presently giving out loans without capital: 1.First Bank 2.Diamond Bank 3.Stanbic IBTC Bank First bank- They make you pass through a psychometric test and if you pass you give them your business plan and financial projection. Diamond Bank-Their loan can be assessed through:revolving credit,Instalmental loan,Local Purchase Order(LPO)Finance and contract Finance.However you need to open a corporate account with them before you can assess an SME loan. Stanbic IBTC bank-You need to furnish them with projected cash flow statement,your own contribution,your business financial statements,CV of each member of your management team,the reason for needing the finance,Personal statements of assets of Management team.