Alexandoy
VIP Contributor
The small businesses here cannot be considered thriving even if the sales are good. Most of those sellers of merchandise are experiencing lack of capital. They turn to the micro lenders who charge a high rate of interest. The sellers say that it is better to be in debt instead of not having a business at all. Part of the profit that they earn in a day goes back to the lender because the installment is daily.
I think the only way to end the agony of the sellers is to create an agency that will provide micro loans – amount is from $50 to $200. When they borrow money with little interest then they can afford to roll the profit for a bigger capital on the next day. For sure they will be free of debt in a month or so.
I think the only way to end the agony of the sellers is to create an agency that will provide micro loans – amount is from $50 to $200. When they borrow money with little interest then they can afford to roll the profit for a bigger capital on the next day. For sure they will be free of debt in a month or so.