What is meant by - loan "to pay"?

 

We are talking about a small amount kratkosrochnomzaeme. In nastakie loans issued for up to 35 days in the amount of up to $ 500 and are designed to just cover the urgent needs to paycheck. Short Term Loan and a small amount of the loan involves commitment on timely repayment of debt in full by a certain date. I note that in the loan portfolio of borrowers less. Recent trend is gradually becoming a gradual repayment of loans, small periodic payments, and therefore, the throughput of loans to the salary amounts.

 

The greatest interest from our clients cause a loan online. The product involves periodic payments and is designed for 12 payments every 2 weeks. At the same time the repeated queries the customer may qualify for a "long" a loan of up to 2 thousand dollars. In this sense, we are conceptually close to the retail banks.

 

What services can provide micro-finance institutions in the United States?

 

The main direction of our activity - loans for urgent needs. The social component of our work is that we help the ordinary people in difficult situations. If a person urgently need money, but it does for some reason there is no time or opportunity to appeal to the bank on the "long" credit, he comes to us and solve their financial problems - fast and easy.