4 Signs That You Are Ready For a Loan

Especially kwa my smart sistaz in biz, these are the signs you need to look out for so as to boost your confidence that yes it’s time to borrow.

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✨ But utajuaje uko in control? Let me show you examples za mtu ako in control of their money. First, ako na budget. Huwa haanzi kuspend ovyo ovyo. Then next, anatrack expenses zake. Anamek sure that anafollow hiyo budget carefully na pia anaweza tell exactly where his or her money went to. Then finally anasave something out of the income anapata hata kama ni kidogo kidogo. Someone with those 3 traits ndio example ya mtu ako in control of their money.

✨ Whenever unathink about borrowing, ni very important to know exactly what you want to use that money for. Take for example, unapika chapo along the street na bihashara inaenda poa but unafeel like its time to move into a kibanda so that clients wapate kashade pia wewe usioperate only when climate iko favorable. So, you need to be very clear on exactly how much you need kuset up hiyo kibanda hadi isimame, na pesa utaneed kuongeza utensils extra kama pan hivi, na pia kukuwa na plan vile unapanga kulipa loan kila month hadi umalize. If you have done all this, hiyo ni sign that uko ready. Remember bila kuplan, unaplan kufail.

✨ The 3rd sign ni kama business yako iko stable. Kama over the last few months biz imekuwa reliable to the point that, unaweza tell how much it makes, how much it needs, then hiyo ni a good sign that biz yako iko healthy na inaweza take a loan na ikalipa. Biz kama hii, especially when uko kwa space ndogo na clients wanajaa hadi wengine wanakosa space, then unaweza plan expansion na ukamanage kulipia bila stress. Kama viti ndio less unaweza take a loan ukaongeza viti. Kama uko na bakery for example na order ziko reliable na consistent hadi unaweza project income then hiyo biz yako iko reliable. If unaweza plan and know how much unaweza repay, that’s indeed a very good sign that uko ready.

✨The 4th sign is when demand for what you do iko more than supply in your current biz. Unaweza kuwa uko na orders beyond your current resources or production capacity. For example, kwa biz yako ya chapo, huwa in the first 2 hours, zishaisha zote na bado clients wanakuja wakitaka more, then hiyo ni a very strong indicator that unafaa kuexpand na kuongeza capacity to make more. Therefore, taking a loan inaweza kua kitu poa at this point.

✨One last sign, ni kama you already know you are good at paying off loans. Kama this is not your first loan, then uko na history already na ushajua whether unastruggle to repay, ama ni how much unaweza lipa bila pressure. If you have been good at repaying loans na bills zako, tena on time, then jua that this is a very good signs hata lenders wenyewe wanapenda kuona that. It is a very strong indicator that you are responsible with your money na in that case, you can be more confident ukitaka kuborrow.

And these are some of the signs to know that uko ready to take that loan.