mirandakariba86

If the credit rating is thoroughly spoiled, it will be almost impossible to get a loan from the bank. In this case, MFIs will come to the rescue, which issue loans without failure with a bad credit history. True, the conditions for receiving money will not be the most profitable. To protect themselves, MFIs will offer a limited amount (which will have to be returned quickly, but there is a lot to pay for the service: interest rates on loans with bad credit history are set at 0.5-4% per week. An increased percentage guarantees a refund, even if the borrower will not be able to pay off the debt to the end, so MFIs protect their capital and increase their client base.