1.5% Daily for 25 Days, 1.8% daily for 35 Days (Principal Return) | 3.8% Daily for 50 - 90 Days (Principal Included)
Min/Max: 20 / ∞
Added: Mar 20th, 2020
Monitored: 11 days
Lifetime: 11 days
Services of companies engaged in microloans to the population are very in demand. Each person is faced with situations where money is urgently needed, the required amount is often small, and there is nowhere to take it. A sudden illness, a debt to be repaid, a breakdown in a car or a working computer can undermine the financial stability of a middle-income person.
Even having a reputation as a frugal and practical person, it is not always possible to rationally allocate a personal budget. Sometimes a couple of hundred is not enough to pay, or a more substantial amount is required to compensate for unforeseen expenses associated with repairing a house, buying auto parts, paying for services and goods.
To take a loan from a bank or borrow from relatives - such methods can not always solve the problem. Native money may not be available, but the bank will require a whole package of documents, the preparation of which will take time. In such circumstances, contacting a microfinance organization may be the way out. In this case, a specialized online lending service will help out, which relies on favorable and transparent conditions for cooperation with borrowers.
How it works?
The essence of this business model is to provide own or borrowed funds in debt at interest. The main income is the percentage of borrowed funds that is charged on the principal amount of the debt and paid by the borrower on the maturity date.