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This audiobook is narrated by a digital voice.
Start Your Own Micro-Lending Business: A Practical Guide to Building a Profitable Lending Company
A micro-lending business provides small loans to individuals and small businesses—an essential service that is always in demand. Unlike banks, micro-lenders offer faster approvals, fewer requirements, and easier access to cash, making them an attractive choice for borrowers. For entrepreneurs, this creates a highly profitable opportunity.
In this step-by-step guide, you'll discover how to successfully launch and manage your own micro-lending company, even if you're starting small. Learn how to navigate legal requirements, study your target market, and build systems that ensure both profitability and compliance.
Inside, you'll learn:
The essential registration and licensing requirements to operate legally
Key laws and regulations every micro-lender must follow
How to identify the best target market and location for your business
The roles of essential staff members and how to hire effectively
Proven methods for screening borrowers and ensuring repayment
The "Four C's" of credit assessment you must master
Collection strategies that are firm, fair, and lawful
Whether you're looking for a new business venture or want to expand your financial services, this book provides the roadmap you need.
Micro-lending can be your passport to financial success—if you know how to run it right. Start your journey today!