– The borrowers are usually from low income backgrounds
– Loans availed below microfinance are usually of small amount, i.e., micro loans
– The loan tenure is brief
– Microfinance loans do not require any collateral
– These loans are usually repaid at increased frequencies
– The purpose of most microfinance loans is income technology
We have now made plans to ensure we penetrate the market and supply our prospects what they actually need – quick access to microloans; thereby deleting the arduous and long process needed to obtain loans from the bank and different monetary institutions. Another benefit we’ve in this industry is the quality and expertise of our workforce. The house owners, down to each employee at AMB LLC, are all effectively educated to operate nicely within the microfinance trade.
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