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FINANCE LEASE
The Nigerian economy is getting more and more sophisticated by the day. The
growth and innovation in the financial sector has been tremendous. The banks
and other financial institutions have introduced many financial products in
the market and credit is beginning to assume a wider dimension in business
activities. Nigeria is drifting gradually towards the system in developed
countries where virtually all business transactions are done on credit. We
have seen the emergence of the debit cards such as Value card, Smart card,
ESCA, etc which I believe will metarmophous into credit cards in the near
future. This form of individual credit, no doubt, will attract a large
market. A market that should be exploited.
C & I Leasing Plc can be a player in this market by offering consumer leases
or lease facilities to private individuals. Take advantage of our solutions
to meet your individual needs.
TARGET MARKET DEFINITION
Apart from a few high net-worth but very well known individuals that may
qualify in their own right, our customers under this arrangement shall be
senior employees of very viable organisations.
The target market shall therefore be defined as follows:
- Senior staff of approved organisations
- High networth individuals (on an exception basis only)
WHAT ASSETS ARE TO BE LEASED
In order to have a firm control of the business and also contain the
associated risk it will be wise to limit the type or items of asset that can
be leased. The following, which is by no means exhaustive, is recommended:
- Cars
- Generating sets
- Computers
- Telephone lines (Mobitel and any other willing PTO)
- Television sets
- Video cassette recorder
- Music systems
- DSTV
- Washing machines
- Refrigerators/Deep Fridzers
- Gas/Electric Cookers
- Indoor sports equipment
The brands, makes or models of the final and approved list of assets shall
be limited to one or two of each. This is to ensure effective control. In
deciding on the particular brands, etc to adopt, ease of purchase,
maintenance, and disposal shall be considered.
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