Credit As A Resolution to Provide Financial Stability For Your Loved Ones
As a member of a Nigerian family living in a distant country, nobody prepares you for the responsibilities that come with catering to the needs of your loved ones. While there is no actual rule, there is often a sense of obligation to assist where possible. Your continuous support towards the finances of your loved ones proves the study by the African Development Bank which revealed that Nigerians in the diaspora send an estimated $25 billion back home annually.
This hit a decline to $17.2 billion in 2020, and a more recent brief by the World Bank in November 2021 estimates an increase of 2.6%, leaving the estimation at $22 billion. Being financially responsible to family members and extended relatives is a never-ending obligation. It is difficult to ignore the sacrifices of loved ones, even in the face of difficulties that may hurt your finances. What is most imperative is being able to provide financial security and independence to members of your family. This is what every Nigerian living in the diaspora craves immensely. Many ask, “How can credit help to attain this financial freedom? Isn’t this being bound by more obligations to repay the loans, and what happens when the loans are not repaid? Wouldn’t that be a stain on my reputation?”
While many Nigerians see credit as a negative venture because of the cultural stigma around borrowing money and going into debt, this is not the case. It makes it impossible for them to consider credit a financial tool to achieve their goals. Being credit-worthy is the first step to attaining financial freedom, unlocking a future of financial opportunities, and a lifetime of investment deals to grow and scale a business. This can only happen with an excellent credit portfolio. Early loan repayment increases credit score, making a person credit-worthy. The credit algorithm helps determine how much the borrower can access, and for every successful repayment, the borrower secures an increased credit offering, which builds their credit portfolio. All this and more you can achieve with Veend Black!
Veend Black helps you provide this AMAZING opportunity to your loved ones. Here is how — With a one-time subscription fee of ₦360,000, you can unlock a ₦200,000 credit limit which can be shared among the beneficiaries of your choice. The best news is the Veend Black package offers lifestyle rewards like airtime, data, shopping vouchers, healthcare and cable TV for ten years. With this, you can provide essential services to your loved ones for ten years with just a one-time payment of ₦360,000 and help them attain financial independence at the same time. Find out more about these opportunities HERE and get started with Veend Black.
