JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.
Credit Ready Quiz
So you are interested in getting a loan from OZÉ? Take this quiz to see if you are ready. Your responses will help us calculate your eligibility for a loan so make sure to study here first (
http://bit.ly/LearntoBorrow
). Someone will be in touch after you finish the quiz.
Full link to training:
https://www.oze.guru/oze-blog/are-you-and-your-business-ready-to-take-on-a-loan
Sign in to Google
to save your progress.
Learn more
* Indicates required question
What is your business name?
*
Your answer
What are good reasons to take a loan for your business? (check all that apply)
*
Buy Inventory
Purchase Equipment
Meet Payroll
Pay School Fees
Buy yourself a car for personal use
Required
What does DSCR stand for?
*
Don't stop carrying rate
Debt service coverage ratio
Did someone create risk
Divest Stop Car Riot
A good DSCR should be above...
*
0
1
1.5
2
2.5
3
3.5
4
What information do you need to calculate the DSCR
*
Debt you already have
Net income
Interest rate on the loan
Duration of the loan
Required
What is the total interest paid on a GHS 1000 loan with 10% flat monthly interest over 12 months?
*
GHS 100
GHS 1100
GHS 1200
GHS 2200
If an interest rate is calculated on a declining balance, you figure out your interest payment by multiplying the interest rate by...
*
The number of months
The total amount of the loan
100
The principal remaining to be paid
What is duration?
*
The time you have to pay back a loan
The time it takes to drive to the bank
How many months you are allowed to be late on your loan
The time between applying for a loan and receiving cash
The total interest you pay can be more than the principal amount you borrow.
*
True
False
Which option is preferable?
*
Taking a short term loan when you know you will not be able to pay back on time to save on interest
Taking a longer term loan with a feasible payback period but more interest
You just received a loan from the bank when your child falls ill and you need to pay hospital bills. What should you NOT do? PLEASE READ CAREFULLY - CHOOSE WHAT YOU SHOULD NOT DO.
*
Spend my loan on the hospital bills and figure it out later
Ask my neighbors to help me pay for the hospital bills
Sell an old smartphone to pay for the hospital bills
You took a loan to buy a stock of glass bottles and fruit to make juice. On the way to Kumasi to sell your product, the delivery truck goes off the road. Your bottles all break and the product is spoiled. What should you do?
*
Pray that you'll get money in some other way and take out your sim card so the banker can't call you
Explain to your banker what happened and try to create a plan to pay back
Take another loan to pay back this first loan
Move to Nigeria. There are a lot of people there. They'll never find you.
What is interest?
*
The cost you pay to borrow money
A program you like to watch on TV
The amount of money you need to buy inventory
The amount of money the bank will give you
What is principal?
*
The amount that you need to borrow
The amount that you need to borrow plus interest
The director at your child's school
Something you believe in
What can you not use as collateral for a loan?
*
A birth certificate or national ID
Landed property
Inventory
Invoices
Machinery
What is your name?
*
Your answer
What is your email?
Your answer
What is your phone number?
*
Your answer
Are you an OZÉ user?
*
Yes
No
Submit
Clear form
Never submit passwords through Google Forms.
This form was created inside of Dare to Innovate.
Report Abuse
Forms
