Whether you're starting a business or an entrepreneur with a proven track record, you may need funding to make your dreams come true. In this case, the answer may be a microloan.
What is a microloan?
As the name suggests, microloans are loans for relatively small amounts of money, usually up to 100 thousand rubles. Generally speaking, microlenders have more flexibility in lending decisions than traditional banks. Keeping track of their standards for credit rating, collateral, and business history is not that hard, making it easier to get a loan. Because of this, interest rates on microloans will be slightly higher than on loans from traditional banks.
How do microloans differ from bank loans?
Requirements for a microloan application are set so that people who could not get a loan from a bank could get a loan from a microlender. Women and low-income people are just a few of the groups that tend to be more successful in borrowing from microlenders than from banks.
It is not difficult to acquire a microloan. In any city there are organizations offering this service. The easiest way is to enter your eKapusta personal account online
Who is microloan suitable for?
Microloan for small business It may not seem like the most profitable financing option, but in fact it is well suited for many types of small businesses and those situations where you cannot count on a regular bank loan.
But besides this, there are many fairly trivial reasons why someone might need a microloan. Here are some of them:
Delayed wages. There is not always enough money until the next paycheck. Regardless of the reason for this, you may need a small amount, literally, for a few days. A microloan is a great option.
Expensive purchases. If you urgently need to buy a new model of a fashionable smartphone or a thing that you need for a party or meeting;
Urgent provision of medical services. There are different situations in life. A microloan can be used at any time, which makes it especially attractive.
Debt on payments for housing and communal services. A small microloan will help with this.
Debt for a fine. Another reason from the category of force majeure. Delay in car fines, fines for participation in a rally, etc., unfortunately, is fraught with a doubling for delay
Relaxation. The hot tour you've been dreaming about for a long time can open quite unexpectedly. A microloan is something that can help you out here as well.
Evening outfit. Ball gowns can be quite expensive and you don't want to wear old clothes to a party. In this case, a microloan can also help you out.
Payment for gym membership... health is not something that is worth saving for later.
Investing in beauty. The long-awaited date should take place in the coming days, and there is not always enough money for a good hairdresser, nails and a solarium.
