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kunle·Business·

Youthcreed Loan Shows Zero Income Despite Millions in Business Account Transactions

Good morning, everyone. I started registering for the newly introduced Youthcreed loan after reading about someone who applied successfully. However, while linking my bank account through Mono for an assessment of my financial records, I received an unexpected result. The platform showed my average monthly income as zero, even though the account I linked is my business account and it has monthly transactions worth millions of naira. Has anyone experienced this issue? How can I correct the income assessment, especially since there is no option to upload my transaction history manually?

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K
kris

Has anyone else linked an account through Mono and seen zero income despite regular business transactions?

0
L
lucy

Yes, that kind of mismatch is worth checking carefully, especially when the account activity does not reflect in the income view.

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D
dapo

Account turnover and income are not always the same, so the assessment may be classifying those transactions differently.

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J
jaruma

Millions moving through an account alone should not automatically prove profitability or loan repayment capacity.

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P
peter

Check whether business inflows are clearly labelled, then compare the linked account records with your actual sales and expense history.

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