Micro Finance - Lending

[enzo829]

How are the lending offices different to financing offices?

[Dr_PepPeR]

How are the lending offices different to financing offices?

 

What is your question again? If you could be more specific or maybe if you could tell us why you need to find this out, then that would really help.

[hardcops]

can somebody please post company's or corporations engaged in microfinance in our country. those that you really know involved in this undertaking. thanks

[wallace]

can somebody please post company's or corporations engaged in microfinance in our country. those that you really know involved in this undertaking. thanks

 

Try mo din mga cooperatives, yung nga lang kailangan mo mag member.

[G.I.]

People's Credit along buendia

[Google]

People's Credit along buendia

 

 

yup. PCFC. but imho, they only lend to rural areas.

[dutchiq1400]

micro finance well mga nagpapautang yan ....sila ang magagaling sa microfinancing I read mga tiga India ang magagalingdito ...kaya nga banks kinanagat din ito eh...well the small banks at mga cooperative do some ...microfinacing as well

[sweet06]

kapag nasa ibang bansa po kaya may possibility makapagloan din sa kanila?

[sleep_heavy]

yup. PCFC. but imho, they only lend to rural areas.

 

If there is someone here who has a good bite

as to what the mechanism of micro lending

is I would appreciate an elaboration on it. In my

peasant understanding of this parang pa hiraman lang

ng Bumbay but better rates than 5/6.

 

Considering how micro lending has made a novel

mark on UN workers around the world specially in

Africa and in East Asia, I do not know of any forum

That discusses this in a very lucid way and give us

some lead on how to participate. It can improve lives

on very poor neighborhoods and that really interests me.

 

 

[kaitaro]

If there is someone here who has a good bite

as to what the mechanism of micro lending

is I would appreciate an elaboration on it. In my

peasant understanding of this parang pa hiraman lang

ng Bumbay but better rates than 5/6.

 

Considering how micro lending has made a novel

mark on UN workers around the world specially in

Africa and in East Asia, I do not know of any forum

That discusses this in a very lucid way and give us

some lead on how to participate. It can improve lives

on very poor neighborhoods and that really interests me.

 

 

pwede po magrequest ng list ng nagoofer ng microfinance at interst rates po nila?

[blue+george]

its a lucrative business.

 

do you lend your money to a complete stranger? of course not.

 

so its thru referrals. someone will need to vouch for you. someone needs to cover the sum borrowed if things go south.

 

interest rates and payment terms and schedule of payments all are flexible depending on the borrowers capability, assets, collaterals etc.

 

some lending companies anchor themselves to your salary, sss benefits etc.

 

some are syndicates. they break your legs if cant pay. hehehe

 

some are legit. they charge high. higher than bank rates due to the risk involved.

 

a lot fail in paying the loaned amount in time. usually they are charged. police come. court hearing. settlement. if settlement fails. lengthy jail time and bad record (usually estafa or theft case, depends sa lawyer)

 

those who run well, your collateral will be taken to court for claim.

 

for people who want to engage in lending, dami naman short courses para dun. ask google please.

 

for those who want to borrow money. do ask yourself first, where will you spend the money. if you are going to use it personally, (pambayad utang, pambayad meralco, bili bago bike, vacation trips) dont think of borrowing. the interest will k*ll you. this money is meant for businesses that need capital and can earn back more than the borrowed amount. thats why lending survives. for employees earning monthly salary, kulang na yun sinusweldo uutang. ofcourse mabaon sa utang. pag under sa dami expenses, consider changing your lifestyle first. rather car, mag taxi, rather than mag taxi, mag jeep. kay jollibee, mag carinderia na lang, rather than carinderia, mag baon na lang.

 

for those who want to do business... well... thats another discussion

[YourTemptation]

mukhang maganda ang lending

[BrentChaseUy]

On 11/15/2017 at 11:20 AM, blue+george said:

its a lucrative business.

 

do you lend your money to a complete stranger? of course not.

 

so its thru referrals. someone will need to vouch for you. someone needs to cover the sum borrowed if things go south.

 

interest rates and payment terms and schedule of payments all are flexible depending on the borrowers capability, assets, collaterals etc.

 

some lending companies anchor themselves to your salary, sss benefits etc.

 

some are syndicates. they break your legs if cant pay. hehehe

 

some are legit. they charge high. higher than bank rates due to the risk involved.

 

a lot fail in paying the loaned amount in time. usually they are charged. police come. court hearing. settlement. if settlement fails. lengthy jail time and bad record (usually estafa or theft case, depends sa lawyer)

 

those who run well, your collateral will be taken to court for claim.

 

for people who want to engage in lending, dami naman short courses para dun. ask google please.

 

for those who want to borrow money. do ask yourself first, where will you spend the money. if you are going to use it personally, (pambayad utang, pambayad meralco, bili bago bike, vacation trips) dont think of borrowing. the interest will k*ll you. this money is meant for businesses that need capital and can earn back more than the borrowed amount. thats why lending survives. for employees earning monthly salary, kulang na yun sinusweldo uutang. ofcourse mabaon sa utang. pag under sa dami expenses, consider changing your lifestyle first. rather car, mag taxi, rather than mag taxi, mag jeep. kay jollibee, mag carinderia na lang, rather than carinderia, mag baon na lang.

 

for those who want to do business... well... thats another discussion

Great idea! I am actually doing this.

[Harding]

On 12/21/2021 at 12:30 AM, BrentChaseUy said:

Great idea! I am actually doing this.

lending is much better if there is a collateral just in case the debtor failed to pay which is usual

[justarandomguy]

On 1/14/2022 at 2:40 PM, Harding said:

lending is much better if there is a collateral just in case the debtor failed to pay which is usual

Good day sir, I sent you a message and I hope you get to read it. Thank you.