03-12-2018, 01:04 PM
[quote quote=1026]Over here, there are several micro finance banks that helps small scale businesses to fund their business. They give a reasonable amount of loan money with little interest, and allow for installment payments in clearing the debt. I have actually taken $500 loan from a micro finance bank to pay %15 interest on the money.[/quote]
15% interest on a $500 loan from a micro finance bank isn't a bad one, and to also have the money paid back in installments makes it a lot easier to pay back without feeling chocked by paying the full amount at once.
15% interest on a $500 loan from a micro finance bank isn't a bad one, and to also have the money paid back in installments makes it a lot easier to pay back without feeling chocked by paying the full amount at once.