The microcredit company FinaGuru issues short-term and long-term online loans to individuals. The organization does not have a branch network; it operates remotely via the Internet.
Creditnice is a microfinance company operating since 2013. It specializes in loans with online processing, including to pay for purchases from partners; it also issues virtual credit cards and provides credit lines.
Some microfinance and microcredit companies allow you to borrow from $4,000 online. This amount will be useful to you if you urgently need money to pay for utilities, groceries or medicines. To apply for a loan, just leave an application on the IFC or MCC website. Here you can choose a convenient microloan in the amount of $4,000 or more. When choosing, take into account the amount and term, interest rate, requirements for borrowers and other conditions. Possible reasons for the refusal of an MFO
Possible reasons for the refusal of an MFO
A company may refuse to provide a microloan for the following reasons:
- The borrower does not meet the mandatory requirements for age, citizenship, registration
- Unsatisfactory solvency of the client
- High debt burden
- Availability of current overdue debt
- Availability of bankruptcy status of an individual or an open procedure for its assignment
- Inaccurate information provided in the application form
- Error in passport data
- Using someone else’s documents
Instructions for withdrawing a loan from a bank card or account opened to a third party
Advantages
A small amount can be easily repaid in full within the term
There are no strict requirements for the borrower when submitting an application.
Flaws
Many companies have a minimum loan amount of more than $4,000
Also, such a microloan may have higher interest rates.