Meculium, Atupec filling station, universal bus stop, medical stores Road, Benin City (2026)

Q: What is the address?

Atupec Filling Station, Universal Bus Stop, Medical Stores Road

16/10/2020

ALL YOU NEED TO KNOW ABOUT LOANS (PART 11)
by Ayevbosa Agbontaen
Still on the topic, all you need to know about loans. Today, we are looking at what is a loan, how a loan works, types of loans and the reasons why loans can be denied. If you missed out on our previous post from last week you can kindly scroll up to see it.

What is a loan? A loan is a borrowed amount of money that is expected to be paid back with a fixed interest rate. It is the lending of money by one individual, organization or other entities to other individuals or organizations. The term loan refers to a type of credit vehicle in which a sum of money is lent to another party in exchange for future repayment of the value or principal amount. In many cases, the lender also adds interest and/or finance charges to the principal value which the borrower must repay in addition to the principal balance. Loans may be for a specific, one-time amount, or they may be available as an open-ended line of credit up to a specified limit. Loans come in many different forms including secured, unsecured, commercial, and personal loans.

How does a loan work? A loan is a commitment that you (the borrower) will receive money from a lender, and you will pay back the total borrowed, with added interest, over a defined time period. The terms of each loan are defined in a contract provided by the lender. Secured loans are loans where borrowers can put up an asset (like a house) as collateral. This gives the lender more confidence in the loan. Unsecured loans are loans approved without collateral, so the lender takes on more risk.

Types of Loans

Secured personal loans: are loans in which the borrower pledges an asset (e. a car or a property) as collateral for the loan which then becomes a secured debt owed to the creditor who gives the loan. The debt is thus secured against the collateral, and if the borrower defaults, the creditor takes possession of the assets used as collateral and may sell it to regain some or all of the amount originally loaned to the borrower.

Fixed-rate loans: A fixed interest rate loan is a loan where the interest doesn’t fluctuate during the fixed rate period of the loan.

Variable-rate loans: They are loans that can be spent, repaid and spent again. It is a loan in which the interest rate can be charged on the outstanding balance varies as market price changes.

NB: Credit history, income, and monthly obligations are important factors to consider before applying for loans.

Demand Loans: Demand loans are short-term loans that typically do not have fixed dates for repayment. Instead, demand loans carry a floating interest rate, which varies according to the prime lending rate or other defined contract terms. Demand loans can be "called" for repayment by the lending institution at any time. Demand loans may be unsecured or secured.

Concessional Loans: A concessional loan, sometimes called a "soft loan", is granted on terms substantially more generous than market loans either through below-market interest rates, by grace periods, or a combination of both.[3] Such loans may be made by foreign governments to developing countries or may be offered to employees of lending institutions as an employee benefit
Instant loans: are loans that require no special documentation and are approved almost immediately without any showcase of collateral for mortgage.

Quick loans: It is a form of short term personal credit built for personal speed and convenience. They are designed to provide fast solutions for cash emergencies.

Did you know that you can be denied loans?
Individuals, organizations or corporate bodies can be denied loan reasons with reasons ranging from;Low credit history Banks often deny loan applicants due to an applicant’s credit score. In some cases, banks simply have credit-score thresholds in place and the failure to meet these thresholds can result in immediate denial.
Insufficient Income Applicants for a personal loan have to provide in order to be approved by the lending bank. This is to ensure applicants have the financial means to repay the borrowed money.
Abundance of Debt Personal loan applicants saddled with excessive debt commonly find their loan applications denied. Rapid changes in the applicant’s debt profile can make lending banks uneasy about extending additional credit.
Poor Documentation Banks typically require an abundance of documents when considering a loan application. Applicants who fail to submit any needed documentation may be denied. A denial can also be issued if there are discrepancies between the documents that the applicant provides and the information the lender confirms.

Don’t miss out on our subsequent posts for more.
We are on a mission to democratize wealth, to give everyone an equal opportunity to increase their income and also have access to finances for their businesses.

15/10/2020

INVESTMENT BASIS (PART 11)
Still on the topic, an insight on investment and more. Today, we are looking at the features of investment and basic terminologies. If you missed out on our last week post you can kindly scroll our page to see it.

FEATURES OF INVESTMENTS
1) Risk Factor
Every investment contains a certain portion of risk. It is a key feature of investment which refers to loss of principal, delay in payment of interest and capital etc. Most investors prefer to invest in less riskier securities.

2) Expectation Of Return
Return expectation is the main objective of investment. Investors expect regularity of high and consistent income for their capital.

3) Safety
Investors expect safety for their capital. They desire certainty of return and protection of their investment or principal amount.

4) Liquidity
Liquidity means easily selling or converting the capital or investment into cash without any loss. So, most investors prefer liquid investments.

5) Marketability
It is another feature of investment that they are marketable. It means buying and selling or transferability of securities in the market.

6) Stability Of Income
Investors invest their capital with high expectations of income. So, return on their investment should be adequate and stable.

INVESTMENT TERMINOLOGIES
Alpha/return on investment - The amount of return expected from an investment from its inherent value.
Capital - The funds invested in a company on a long-term basis and obtained by issuing preferred or common stock, by retaining a portion of the company's earnings from date of incorporation and by long-term borrowing.
Diversification - The process of owning different investments that tend to perform well at different times in order to reduce the effects of volatility in a portfolio, and also increase the potential for increasing returns.
Duration - An amount of time or a particular time interval.
Fund - A pool of money from a group of investors in order to buy securities
Interest rate - The fixed amount of money that an issuer agrees to pay the bondholders. It is most often a percentage of the face value of the bond.
Liquidity - The ability to have ready access to invested money.
Maturity - The date specified in a note or bond on which the debt is due and payable.
Portfolio - A collection of investments owned by one organization or individual, and managed as a collective whole with specific investment goals in mind.
Risk tolerance - The degree to which you can tolerate volatility in your investment values.

I hope you found this article useful, please don't miss out on our subsequent posts for more.

Mefene Blessing.

We are on a mission to democratize wealth, to give everyone an equal opportunity to increase their income and also have access to finances for their businesses.

12/10/2020

PARABLE OF NAIRA (PART 11)
If you followed our story last week Monday on Parable of Naira, you would agree with me that there was a lot we didn’t talk about, If you didn’t, I would advise you go back and read (Parable of Naira, Part 1) it is an interesting article.
Now, we shall be looking at the first question, Why did Chief Aiwiosogban respond to his servants the way he did? From this amazing parable, it is obvious that not everybody spends money the same way, some people naturally have consumption mentality, it means that at any slight chance of money increase, the first thought that crosses their mind is how they can spend every single dime of it rather than multiplication mentality, how they can increase every single dime of the money they receive.
Recall that these servants served their master for some time; hence they ought to have observed how he managed and utilized funds (emphasis on observed). When he gave them those funds, he expected all of them to create streams of income from what he gave to them. That is why he was very excited at the first two servants and very furious at the last one. One very interesting word to note in this amazing parable is the word OBSERVATION, anytime you have the opportunity to serve kings or great and wealthy people; do well to observe all they do. A day would come when they would entrust you with responsibilities, if you have not adequately observed how they manage their life especially in the area of finances, you would miss out on some big opportunities in life. Observing the wealthy is a great skill you must cultivate if you are to be counted among the wealthy. This is something Osazee and Osaigbovo mastered, but was highly lacking in Omorotiomwan.
In our next article of Parable of Naira, you would find out why Chief Aiwiosogban did not give all his servants the same amount and the lesson to glean from there.
We are on a mission to democratize wealth, to give everyone an equal opportunity increase their income and also have access to finances.

09/10/2020

ALL YOU NEED TO KNOW ABOUT LOANS

History
The history of loans began thousands of years ago with farmers using seeds and grains to borrow capital and livestock as repayment options. Since then, the lending process evolved into a complex financial procedure before progressing into a modern, streamlined system in the digital era.

Did you know, the history of loans can be traced back to 3,000 years ago!? Since the beginning of civilization itself, lending has been lurking around in some shape or form.
The history of lending has shown us that the huge progress of civilization would not be where it is today without loans acting as the igniting fuel.

When were loans invented?
The very earliest example of lending dates back to over 4,000 years ago in Mesopotamia, 2,000 BCE, where the very first payday loans were used by farmers. Whether or not loans existed in a small tribe or unknown civilization before this is a mystery, but 2,000 BCE is the very first evidence that has been recorded.
Now, seeing as one farmer’s seed could yield a plant with hundreds of seeds, farmers began to borrow seeds issued against a later payment. This was used in a similar manner with animals where the repayment was issued with the birth of a new calf.

1754 BCE: Mesopotamia – The first interest rates
Sumerian temples actually went on to function not only as places of worship but as banks – and this is where the very first large-scale systems of loans and credit began. As the city grew, so did the complexity of the people’s needs and lending agreements and so the idea of charging interest was developed. Silver at this time began gaining popularity, but unlike calves and grain, did not naturally gain interest.
This is where the Code of Hammurabi (issued by the 6th Babylonian King) came in defining the price of silver and how the interest charged on silver loans was to be regulated.

321 BCE India – The first bill of exchange
One of the earliest ever recorded examples of a bill exchange was in India. A bill of exchange involves a written order that is used to bind one individual to another instructing the payment of a fixed sum of money at a predetermined date.
In the Maurya dynasty, merchants of large towns would give letters of credit to one another which also helped issue bills of exchange to foreign countries for sea-borne trade.

400 BCE Ancient Greece – The first payday loans
One of the oldest lending methods can be found in Ancient Greece where pawnbrokers lent money by collecting collateral from a borrower and reducing the risk of the lender. This is something we still use today when it comes to secured business loans. If you’re looking for a loan and not wanting to use collateral, however, you would need to use an unsecured business loan.

1400 ( Middle Ages) – Lending outlawed
In this period of time, the largest form of authority came from religion, be it the Christian bible throughout Europe or the Qur’an in the Middle East. Both religions banned the practice of lending (or lending with interest outright) however, the Jews’ Torah permitted lending, though only allowed for interest to be charged with non-Jews.
With Jews being the only people allowed to lend money, they soon gained a rather nasty reputation which is arguably what lead to their persecution. This continued into the 18th century and over time, the huge economic benefits of lending were slowly realized. This led to the dilution of restrictions and the traditional banking functions that we know and appreciate today.

Mid18th century: Industrial Revolution - Birth of international finance
By the 18th century, lenders still used collateral but there was a big shift to indentured loans. In this practice, the rich lent to the poor and the borrower then had to work off their debt.
With international trade booming, the banking world had some catching up to do. Greater controls were needed and Mayer Amschel Rothschild is largely responsible for pioneering international finance through the establishment of centralized banks. He cleverly shipped his sons off across the major European cities of the time (Frankfurt, Naples, Vienna, France, and London) to set up banks in each city.
The 1800’s went onto usher in a new era of lending to make loans more widely available to the average Joe (thank goodness!). In 1816, the Philadelphia Savings Fund Society in the US opened its doors as a loan resource and became the very first savings bank in the US.

Mid-20th Century Loans: Cards are the new silver
The mid-20th century saw yet another shift in modern-day lending but this time, to financial data. In 1950, Frank McNamara made history when he paid a restaurant bill with a cardboard card, now known as a Diners Club® Card. A few years later the Bank of America started launching the Bank America, the good old fashion Visa. By 1959 FICO scores were wide-spread and used by lenders to evaluate mortgage loans.

1980’s: Online lending is born
With hundreds of hours of paperwork involved in filing and handling loans combined with a rising population and need for loans, computers came to the rescue just in time. With the evolution of the computer and electronic data, the ways of lending too evolved.

Quicken Loans in Detroit drastically sped up the lending process in 1985 (it’s in the name) by offering most of their application and review process online. Jump forward to 1999 and online banking is a thing and borrowers no longer need to step outside their house or even have any social interactions to apply for a loan (cue the onset of obesity and social awkwardness).

The future of Lending
The future of lending is NOW thank goodness we live in a time where medieval practices are out the window. Now everyone and anyone can easily compare loan options online and see which loan products offer the best deal.
It’s incredible to see how lending has benefited civilization and the economy! Now technology is swinging lending in a totally new direction.

Don’t miss out on our subsequent posts on loans and more.
We are on a mission to democratize wealth, to give everyone an equal opportunity to increase their income and also have access to finances for their business.

Adams Pius Osarenmwinda Olisemeke Blessing Mefene Clinton Efosa Osarenmwinda

07/10/2020

AN INSIGHT ON INVESTMENT AND MORE

INVESTMENT BASIS
Investing is the process of building wealth by allowing your money to work for you. It is not a get-rich-quick scheme, but rather a way to consistently grow the wealth you already have. It is an act of allocating money with the expectation of some benefit in the future. Investing is an essential part of wealth-creation, which helps you beat inflation to follow your financial goals and also establish your financial future. Instead of letting money lie idle in your bank accounts, you can invest in different platforms. It’s never too early or too late to start investing. In fact, just a few years of a head start can often lead to hundreds of thousands of naira in the nearest future. Investing does require setting aside resources to get future benefit, committing money or capital in the hope of financial gain. But it also connotes building things of economic value.

INVESTMENT
An investment is an asset or item that is purchased with the belief that it will produce income or appreciate in value at some point in the future, that is, any mechanism used for generating future income, including bonds, stocks, real estate property, or a business. Any action that is taken in the hopes of raising future revenue can also be considered an investment.

WHO IS AN INVESTOR
An investor is a person who commits money in order to gain or benefit
~Passive investors: They work more in getting and saving their money than allowing their money work for them.
~`Active investors: They work harder in making their money work for them than they get and save it.

TYPES OF INVESTMENTS
Growth investments: Shares and property (Long term investments)
Defensive investments: Cash and bonds (consistently generated income)

SHARES
Every time you invest in a company by buying it shares, you become an owner of a part of the company. Therefore, a share is a unit of ownership in a company. Shares are considered a growth investment because it can help increase the value of your original investment over the medium to long term.

PROPERTY
An example of property investment is the purchase of real estate property with the hope of earning returns on the investment through rental income or future resale.

CASH
Cash investments include everyday bank accounts, high interest savings accounts and term deposits, and typically carry the lowest potential returns of the four different investment types.

BOND
This is a loan taken out by the government or large organizations from willing investors with the promise to repay with a fixed interest rate.
Don’t miss out on our subsequent posts for more.

We are on a mission to democratize wealth, to give everyone an equal opportunity to increase their income and also have access to finances for their businesses.

05/10/2020

PARABLE OF NAIRA
A certain rich bini chief in the person of Chief Aiwiosogban had three loyal servants namely Osazee, Osaigbovo, and Omorotiomwan. A time came when he needed to travel abroad so he called his three loyal servants and gave them , #500,000, and #200,000 respectively, each according to his ability. He returned after 3years and demanded from his servants to give an account of how they used the money. Osazee the first servant gave his account of how he took advantage of some investment opportunities and he had been able to double the money given to him to while Osaigbovo the second also told the chief of how he was able to leverage on some opportunities and he was able to also double his money to , the last servant omorotiomwan gave an account of how he had used the #200,000 to play lotto and he was unable to make anything out of the money. After hearing from them, the chief replied them with the following words; to Osazee the first servant he said you have demonstrated loyalty and faithfulness, I am not surprised at your output, take the 2million and establish something for yourself, same words were repeated to the second servant Osaigbovo, he was given the 1million to establish something for himself, but for the last servant Omorotionmwan, the chief was furious, he asked him why he had used his money to play lotto? The response of the servant was amazing, he told Chief he knew he liked to reap where he had not sown and that he wanted to make huge returns out of the #200,000 he gave him in no distant time. Chief was displeased at his response, he instructed that omoriotomwan be locked up till he provided his #200,000. Now
(1) Why did chief respond in this way to all the servants?
(2) Why did they not get the same amount?
(3) What did the servants do differently among themselves?
All these and more would be looked into in our PARABLE OF NAIRA series, always watch out on this page on Mondays.
We are on a mission to democratize wealth, to give everyone an equal opportunity increase their income and also have access to finances for their businesses.

25/09/2020

MECULIUM is not a get rich quick scheme, neither are we a ponzi scheme, we provide our customers with practical ways of generating wealth through our viable and verified investment portfolios in agriculture, commerce, banking and oil and gas.

25/09/2020

We believe so much in teamwork and collaborations, and we know it the driver of growth in any thriving industry. We surely got you covered.

25/09/2020

Every great Journey has a starting point, some months ago, we launched this great company called MECULIUM and as the day goes by it's gets bigger and greater. We are on a Mission to democratize wealth, we desire for all of our customers to have seamless financial experience, we have created a platform for customers to save, invest and access loans for their businesses easily. We leverage a lot on technology, so as to enhance our customer experience. We hope to enable our customers achieve their desired financial freedom.

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