Our most asked questions and general information about us and our platform
ABOUT THE COMPANY
We are here to help. We are a lending company determined to help grow your business, regardless of its size. Whether you are looking to expand your company, buy new inventory or working capital, we tailor-make our loans to fit you.
WHERE ARE WE LOCATED?
What is a microfinance institution? (MFI)
Although most MFI’s provide microloans to entrepreneurs of low-moderate income, they can differ in services, size and reach; some serve a few thousand clients in their immediate geographical area, while others serve hundreds of thousands, even millions, in a large geographical region, through numerous branches. Many MFIs offer services beyond loans and savings, including education on business and financial issues and social services, focused on health and children.
What is microlending?
What is a microcredit?
HOW IS MICROCREDIT DIFFERENT FROM A TRADITIONAL LOAN?
Qualification: Microcredit clients spend all their time taking care of their businesses themselves, they have less than 5 employees, they are also referred to a small business, and in cases, they use their own money to finance their commercial activity. In that regard, microfinance methodology is based on a very personalized service in which the loan officers go to the client to guide and assist them during the application process.
Conditions: The interest rates reflect the risk of the target market.
Terms: Significantly shorter than traditional bank loans.
WHO CAN APPLY FOR A MICROCREDIT?
If the potential client has less than 6 months in business, it must be able to prove previous experience in the field.
WHAT IS A MICROENTREPRENEUR?
WHY DON’T PEOPLE JUST USE TRADITIONAL BANKS?
WHERE CAN I DOWNLOAD THE APP?
CAN I START MY APPLICATION ON MY COMPUTER AND THEN CONTINUE THE APPLICATION THROUGH MY PHONE?
HOW CAN I REACH OUT ABOUT ANY QUESTION?
Loan application process
HOW DO I APPLY?
– Fill out an application with information regarding yourself and your company
– Tell us what loan are you looking for and how much do you need.
– Schedule a visit to your business with one of our loan specialists
– Get approved in 48 hours