How economical are loans provided by micro-financiers compared to banks?

  1. Anjili profile image81
    Anjiliposted 6 years ago

    How economical are loans provided by micro-financiers compared to banks?

  2. Rui Carreira profile image87
    Rui Carreiraposted 6 years ago

    Hello Anjili,

    Due to their dimension, micro-credits are usually more expensive, because the interest is higher.

    Micro-credit is good if you only need a small amount or your credit rating is low.

 
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