Help in a Global Scale – Microfinance Loans!
February 19, 2018
Christmas is at the corner and once again we remember our social responsibility to help ones who need help. Although this should be our habit, but to be perfectly honest most of us (including myself) get lost into fast pace of life (and work) and sometimes even forget the whole purpose of our life.
The last course that I took in my MBA was about Investment. I think out of all different topics we went through the most interesting one was Microfinance.
The term microfinance covers the provision of financial services as a whole to the poor. This includes microcredit, microinsurances and savings too. The best example of Microfinance has been given by Nobel Prize Laureate Muhammad Yunus in Bangladesh.
What is now Grameen bank started with an experiment by Prof. Yunus in 1976 to lend his own money to the poor villagers of Jobra and turned small entrepreneurs. From such a small beginning the bank has grown as an institution serving 7.4 million borrowers. The first question that came up was about the insurance of these loans and the rate of default. We were all amazed that only a 2% of loans end up in default! Microfinance is an important engine for economic development. Through micro credit we can empower entrepreneurs in emerging countries to redefine their economies and fuel economic growth.
To our surprise, we learnt that the concept is so developed that there are some Investment Funds purely based on microfinance. In the other word, investors can buy units (or shares) of these investment instruments to invest in poor economies to satisfy their need of social responsibility and as well, make descent return. ResponsAbility is one of many that is ran by Credit Suiss. Some of these microfinance funds has outperformed the market indices.
A little bit of “Internet” gradient into the concept can make a tasty recipe for individuals who follow investment, economy and entrepreneurship. Kiva has provided a platform where individual investors can (in a non-for-profit way) lend microcapital as low as $25 to entrepreneurs in developing countries. Microfinance Institutes (MFI) qualify the candidates, validate the case/project and bridge between the microfinance-investors (financier) and the receiver of the fund. MFI is the local organization on ground in the respective developing country which facilitate the lending and collecting of the loan repayments. Through Kiva.org you can build your team and promote this global initiation. You can search for projects in a specific country, a sector or even search for your target entrepreneur based on gender.
What are you waiting for? Let’s finance a project for as little as $25 today and help poor people build their economy and help their family.
How Can I Refinance a Car Loan?
January 8, 2018
Vehicle owners from past generations had to rely on industry professionals and published books with regards to refinancing. Although, today’s car owner can seek out refinancing and find an abundance of helpful facts regarding the various types of loans and refinancing options available online. Vehicle owners can also use the net to access calculators which perform the involved equations you previously had to leave up to the trained professionals. These same calculations which may have taken a considerable period of time to conclude and right are now solved within a fraction of a second.
Selecting a Reputable Lender
Vehicle owners who’re doing most of their refinancing investigation and searches online should carefully consider the lender they choose. This is important because whether a lender is found online or offline, care should be taken to make sure the lender is respectable. The best way to perform this is to stick with a better established lender who comes highly recommended by friends and family members. This doesn’t signify new lenders and smaller lenders are not respectable but there is importantly less risk engaged in choosing a founded lender than there is in picking out a new lender. Make sure you validate that the application you compete online is secure. OpenRoad Lending is a new player in the refinance market but has an extensive background in auto finance and data security.
Vehicle owners who are investigating their refinancing options online may find the web site OpenRoadLending.com to be a very valuable resource. This site offers articles and calculators which the vehicle owner can use to gain the knowledge they require to make an informed decision. The articles on the internet site are written in clear and concise language which is easy to comprehend and the loan calculator is extremely user genial and allows the borrower to enter in a few variables to acquire the desired results.
Another great feature of this site is the inclusion of a link which provides access to obtaining a free of charge credit status. This is done to safeguard homeowners from identity theft or other acts of fraud. This is significant because vehicle owners are likely to realize the terms of their refinance will rely largely on their credit rating. Vehicle Owners who have good credit will likely be offered favorable rates and terms while those with not up to perfect credit will not be offered favorable rates and terms.
All the same, the most significant feature of this site is the skills to obtain a loan decision rapidly and you can complete the refinance process in minutes. The information that is requested is basic in nature and is information you will have readily available. Once this application is submitted, the loan decision is received virtually instantly.