Business loan and insurance brokerage for very small firms and freelancers
Starting costs about $12,300 in the United States and 2,260,000 NGN in Nigeria. After 12 months, this business can bring in about $3,570 net per month in the United States and 903,000 NGN in Nigeria. The starting money comes back in about 9 months, with 40 hours of work per week.
Mundyo estimates, data as of 2026-11-02.
See the numbers for my countryFree, no account, in the currency of 250 countries.
The numbers
| Country | To start | Net per month (month 12) |
|---|---|---|
| United States | $12,300 | $3,570 |
| Nigeria | 2,260,000 NGN | 903,000 NGN |
| United Kingdom | £8,340 | £2,500 |
| Kenya | 567,000 KES | 124,000 KES |
| India | 276,000 INR | 90,100 INR |
Amounts adjusted to each country's price and income levels.
The problem
Small businesses lose time preparing financing applications, get refused because of poor presentation, and often pay for unsuitable insurance.
The solution
A broker who prepares the financing file, presents it to several lenders, then compares and negotiates business insurance and owner protection cover.
Your customers
Tradespeople, shopkeepers, independent professionals, small businesses starting or growing.
How you make money
File fee of €500 to €1,500 plus lender commission; recurring insurer commissions on policies placed.
Competition
Banks directly, large brokerage networks, online lending platforms, accountants and insurance agents.
Who has an edge
A former business banker who knows lender criteria and has a network of referring accountants.
The risks
Regulated intermediary status with mandatory training and insurance, irregular income at first, dependence on rates and bank policies.
The first 3 steps
- Check the legal requirements for credit and insurance intermediary status.
- Sign agreements with several banks, lenders and insurers.
- Meet ten accountants to propose a referral partnership.
How the numbers are calculated
Example in a high-income eurozone country, at month 12: revenue €4,500 − costs €2,000 = €2,500 net per month. Revenue: 3 files × €900 + €1,800 in commissions. Costs: liability insurance, regulatory registration, software, prospecting, social contributions. For other countries, Mundyo adjusts the starting budget to the price level (World Bank) and the income to prices and customers' purchasing power, then converts at the day's exchange rate.
Frequently asked questions
How much does it cost to start: Loan and insurance broker?
About $12,300 (United States), 2,260,000 NGN (Nigeria), £8,340 (United Kingdom), depending on the country. Mundyo calculates the amount for 250 countries.
How much can you earn per month?
After 12 months, about $3,570 (United States), 903,000 NGN (Nigeria), £2,500 (United Kingdom) net per month, after costs.
How long until I get my starting money back?
About 9 months, with 40 hours of work per week.
What are the risks?
Regulated intermediary status with mandatory training and insurance, irregular income at first, dependence on rates and bank policies.
Where do I start?
1. Check the legal requirements for credit and insurance intermediary status. 2. Sign agreements with several banks, lenders and insurers. 3. Meet ten accountants to propose a referral partnership.
Similar ideas
- Distributing health, crop and funeral micro-insurance in underserved areasMicro-insurance agent
- Financial education workshops and coaching for employees and individualsMoney coaching
- Mobile money, transfer and bill payment service pointMobile money point
- Cash flow forecasting and automatic invoice reminder softwareCash flow software
Register your business in your country
Belgium · Brazil · Cameroon · Colombia · France · Ivory Coast · Mexico · Morocco · Peru · Portugal · Senegal · Spain