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 issue loans to their clients for a long period – for example, for a year. Such offers are convenient due to larger amounts and low interest rates. To apply for a loan, just leave an application on the IFC or MCC website. This page lists all companies that issue loans for up to a year. When choosing, consider the amount and term, interest rate, requirements for borrowers and other conditions.
Advantages
Under the same conditions, obtaining a microloan is easier and faster than a consumer loan
The debt amount is repaid in installments over the term; if desired, it can be repaid ahead of schedule
The longer the loan term, the lower the interest rate.
Flaws
Typically, long-term loans are available only to regular customers of companies
Taking an amount less than $30,000 for a year will most likely not work.