· Starting a Micro-Lending or small financing business Posted in Money By Entre Pinoys On October 31, 2012. Q. I have a capital money to put up a microlending and small financing money, My problem is I have only few idea about this business, That’s why I need your help and idea about this. What are those techniques or tips of marketing system.

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There will always be a big demand for small loans, and the micro lending entrepreneur is well placed to cater this need. Want to learn more about this business? BusinessCoach, Inc., a leading business seminar provider, conducts seminars on how to start this venture.

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Complete Guide To Starting A Small Business In The Philippines – Consider starting a small social media campaign when you first open to generate buzz and foot traffic. Find A Good Lawyer; It is a good idea to research some lawyers in your area that specialize in small business just in case you ever get into a situation that would require legal knowledge.

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And before starting a. rate for a personal business loan is often 4% to 6%, according to the ValuePenguin personal finance site. By contrast, the average credit card rate is about 17%. Government.

Simplex is the only currency based peer-to-peer lending platform offering small business loans in the Philippines. The business is based in the Philippines and was launched in 2013. Loans of between P15,000 to P150,000 ae available to businesses that have been in business for at least one year with terms of between 6 to 9 months at an interest rate of 2% to 3% a month.

To operate a legitimate micro-lending business, not only are you required to register with the Securities and exchange commission (sec), you also need to comply with all the necessary permits and put up a capital of at least Php1 million.

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Starting a Micro Lending Company – Sample Business Plan Template. For example, if you live in a city or country where fishery or other agriculture-based businesses are the most lucrative, you can start by offering your credit packages to entrepreneurs in those businesses. Similarly, you can decide to target women-only businesses, such as day-care enterprises, adult care services, and so on.

One of the hottest trends in finance today is micro lending. This is the lending out of. Here are some pointers for those who plan to put up their own microlending business: Locate in a. *Originally published by the Manila Bulletin. Written by.