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IS AROCOM INVESTMENTS SOFT LOANS FOR REAL

11 comments :
I recently chanced upon a company called the Arocom group that looks very good on paper. The ceo/ chairman is an Abeokuta chap, he is Alhaji Shuaibu Aro. Under the Arocom Group are; Arocom global investments ltd, Arocom global merchandise limited, Arocom automobile industries limited and Arocom property development limited. They claim to be committed to the use of private sector finance initiatives to improve and develop the standard of living of the masses as part of its contribution of private sector operators to poverty elevation in Nigeria… Good talk.

I also saw during my investigation, an elaborate pamphlet published by the company during the commissioning and distribution of 70 motorcycles to support transportation in ogun state on Thursday, January 28th 2010 at the Alake’s Palace, Abeokuta.

I am not satisfied however with their terms. They are too harsh for the poor they are supposed to cater for. According to information, to receive a soft friendly loan, you have to save N1,000 with them weekly for six months, before they consider you for a loan. LAPO which is the market leader for such small loans gives people money after 4 weeks. Why should Arocom be different? Why should people wait for six months before they pick up the soft loans? It certainly will be medicine after death if you ask me.

I also quarrel with their assets acquisition scheme for okadas, cars or household items. According to my sources, you will pay 25% of the value to Arocom and then wait for between 7 to 90 days to take possession of the asset. I am not impressed by their system. They are not masses friendly in any way. And I hope they will change for the masses need more of such schemes to alleviate the biting poverty that our leaders have thrown us into.

11 comments :

  1. To the owner of this website, try and make constructive criticisms and not a destructive one.

    A.Q.A

    ReplyDelete
  2. Why not investigate prior to writing this article or report? The company itself is not taking down payment for a long time before issuing loans. But the fact still remains that so many people are waiting on the list, because of the long queue of applicants throughout the Federation. Let us pray for the initiator of this project and encourage him further.

    My believe is that Nigeria will be much better if we can find someone like Alhaji Shuaibu Aro who can boldly rise up to support the active poor the way he does. Lawrence Kotun

    ReplyDelete
  3. Is this not a first chance to try something really progressive in Nigeria?With all the 10percenters,thieves and 419ers in Nigeria,where are the philanthropists,venture capitalists and crowd funders to help us out of our artificially imposed poverty.
    Give AROCOM a chance to try the first zero-interest experiment in Nigeria.The European economy was helped greatly by the very small number of non-usury banks that are just beginning to arise in it-many know that!Whovever believes there is Nemesis must understand that Usury is Accursed,Exploitative and Unblessed.

    ReplyDelete
  4. I quite agree that "usury is accurssed, exploitative and unblessed". What I have heard reliably is that you pay 10% of the asset you wish to acquire. If this is real I believe it's fair enough.

    ReplyDelete
  5. Don't be decieve by what you see or heard, in Ilorin 2day arocom has left so many pple wit wound nd injury of nt paying them d so call loan, as am posting this pple of plateau state ar also nurseing their wound 2, since march dis yr arocom collected their 10% wit d promise 2 giv them loan, now d loan is nt forth coming and arocom find it dificult again 2 return back masses hard earn 10%, any way Mr Shaibu Aro dnt tink pple of plateau will 4get or 4giv u even if u die without paying this money yet they wil nt 4giv u 4 d stress u put many pple on the plateau. Arocom bury ur head in shame come and pay back pple's 10% 2 save ur name 4rm been destroy. Dis must be hard loan nt soft loan.

    ReplyDelete
  6. its true these AROCOM are deceiving the masses they collect my money in JOS PLATEAU for over two years now they have not give the loan and my own money is not back of to today,they the ifs .

    ReplyDelete
  7. the chairman of arocom, OBA AROOO he a big theif, and DAMN SCAMMER, OLORIBURUKU MASHANFANI, THAT WILL RUT IN JAIL FOR EVER, SCAMMED US IN OSUN STATE, UR SURFERING WILL RUN IN UR ENTIRE FAMILY, U ARE THE FULL OF SHIT, OLE

    ReplyDelete
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  9. Hi everyone!
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    ReplyDelete
    Replies
    1. Hi everyone!
      I'm so excited share this testimony here about how i got my ex husband back after a break up. I'm Clara 28 yr old from Califonia USA, Am a woman who love and cherish my husband more than any other thing you can imagine on earth continent. My husband was so lovely and caring after 3years of marriage he was seriously ill and the doctor confirm and said he has a kidney infection that he needed a kidney donor, that was how I start searching for who can help, doctor has given me a periodic hour that he will live just 25hours left, that was how I ask the doctor if I can be of help to my husband that was how he carried out the text, the confirming was successful, I was now having this taught that since 3 years now we got married I have not be able to get pregnant can I be able to get bring again? That was the question I ask the doctor, he never answer his response was did you want to lost your husband? I immediately reply no I can't afford to lose him. After the operation my husband came back to live and was healthy I was also ok with the instruction given to me by the doctor, after 3months my husband came home with another lady telling me, that is our new wife that will give us kids and takecare of us, that was how I was confused and started crying all day, that was how my husband ran away with his new wife clearable. Since then I was confuse don't know what to do that was how I went back to the doctor and tell him everything, he told me that, this is not just an ordinary it must be a spiritual problem that was how he gave me this Email: Ahmedutimate@gmail.com that I should tell he all my problem that he can help that was how i contacted he and I do as instructed. After 28hours and I have done what he ask me to do, my husband start searching for me and went back to the doctor, that was how we well settle he also told me not to worry that I will get pregnant, this month making it the fifth Month I contacted he am now 3months pregnant. These great spell cater is a great man, if you have any kind of problem you can contact him here on his email: Ahmedutimate@gmail.com or call him +2348160153829

      Delete