Microcredit: What is it?

Now in the vast Global Web, it is often possible to meet advertising banners with the words "microcredit". But what is it and how is it different from the ordinary loan, knows not everyone. That is why we will make small digression to history.

the Founder of this concept is Muhammad Yunus (Professor of Economics), received higher education in America. In 1974, after graduation, Muhammad returned to his native Bangladesh in order to experience its own concept, the meaning of which was to help overcome the financial crisis insolvent groups of the population through small loans for short periods. The poor it was not possible to get a Bank loan, due to the fact that the risks of non-repayment of money was very high, which is why the only way for them to become microcredit.

In the 90s such kind of crediting has appeared in other States, and in 2006 Muhammad Yunus was awarded even the Nobel peace prize. Today these kind of lending has become popular in European countries, including Ukraine.

Microcredit: Where can you issue?

today, in Ukraine there are 2 main types of microfinance organizations that differ in methods of registration of the loan:

  1. Online companies. They give online the microloan on the card your chosen Ukrainian Bank. The first time you can take 1 - 30 days amount from 2,000 to 10,000 UAH. The process of registration and issuance of the loan entirely on the Internet that gives an opportunity to considerably save your time, without making any extra effort. By the way, if you are interested in microcredit, it will execute it ;
  2. Offline > company. They give credit in cash and only at personal presence of the borrower. In this case, you need to visit 1 from the offices of that company and to provide the identification code + passport. In all other respects, the principle remains the same – you give a small amount of money for a short period of time.

However, the last time there was a so-called "hybrids" – the organization that the 1st loan is issued in the Department, but all the subsequent in the online mode, transferring money to your card, because you can submit the documents again and fill in the registration form after repeated appeals, there is no need.

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Source: http://uzinform.com.ua/

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