Kingsley
Valued Contributor
I personally do not like obtaining loan, rather prefer to borrow from friends and family even i can seem to raise the required some I need to solve a particular issue. But in the case where I can't access anything from friemds and family and am forced to take a loan from either a bank or microfinance bank then i would prefer to take a loan with a shorter payback periods. As having a longer payback period will be challenging in paying back, unless in a case where I have realised that my earnings or returns will not be so fast then I will have no choice than to stick with the longer payback period.