Before approaching investors, I would make sure you are truly ready for an investment. You must be highly scalable for growth when you ask for an outside investment. This means that you have a clear path to execution which guarantees some kind of return back to the investor. I would also be prepared to explain how your micro loan business is different from all the other micro lenders in Nigeria.
Micro lending is a crowded industry and there are questions about how effective it is for SME’s (Small Medium Sized Enterprise) in Africa: | https://www.un.org/africarenewal/magazine/august-2015/microfinance-good-poor | https://www.vox.com/future-perfect/2019/1/15/18182167/microcredit-microfinance-poverty-grameen-bank-yunus | https://africasacountry.com/2019/09/a-fatal-embrace
Be prepared to defend your industry when it comes to growth. It looks like it is a very mature industry with a number of online lenders: https://mishi1zguladze.medium.com/top-10-online-easy-business-loans-in-nigeria-2021-e1eb832a7dcf Please note that micro lending has high overhead costs compared to other forms of lending, making it less attractive as an investment.
I assume you have studied the competition and identified what distinguishes your micro lending service from everyone else. I assume you have a pitch deck prepared, no more than 20 slides – Correct? I assume you have prepared a script to follow? Investors get pitched lots of opportunities and they pretty much know the drill – they are business savvy people who will ask very direct questions. Therefore, you should make sure you are properly prepared in advance.
Here is a YouTube video on how to pitch to investors: https://youtu.be/SB16xgtFmco
Here is a recommended script to follow: https://uploads-ssl.webflow.com/5755c32caff2cb202fee0616/5b4772d2c3102c2c69f15491_Aleberry%20Pitch%20Script.pdf
Report Matt's answer
James hi. Investors are everywhere (i.e. web, biz clubs, chambers of commerce) but first you need to properly prepare yourself to "sell" your proposal in terms of an appealing pitch / presentation supported on a market analysis, a detailed business plan (including a financial subplan), and so on. Showing that previous homework will demonstrate you are a reliable entrepreneur, with a good commercial initiative, and able to respond to the financial agreement (principal plus return on investment). A positive financial credit history will also help. Have success.
Report Miguel 's answer
It's very hard to find one in Nigeria- Investors