Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
Latest activity
Earn Money
Review Website/Apps
Passive Income
Money apps
Paid Survey
Stock
Forex
Real estate
Paid to write
Social Media Monetization
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Personal loan
Retirement
Debt help
Savings for Students
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Micro financing must be regulated for protection of the borrowers
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Alexandoy, post: 125968, member: 25510"] The micro financing in our country is unabated. The usurious lenders are having a heyday with the borrowers from the poor sector. Such lenders do not require a collateral for small loans ($20 to $200). That makes it very attractive to borrowers. With the 20% monthly interest it is a given that borrowers will always be borrowing. The government should have an agency to regulate micro financing. Maybe the registered or licensed micro financier can levy an interest of 5% per month which will alleviate the situation of the small borrowers. A certified lender will also have the backing of the government in case of non-payment by the borrower. Most of the usurious lenders here are foreigners so you can imagine the profit that they are raking from the borrowers. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Personal Finance Forums
Personal loan
Micro financing must be regulated for protection of the borrowers
Top