Traditional financial instruments give low profits, so collective financing platforms are an alternative to grow your money.
Gradually online loans have their viability. Not only do they represent an option for those who decide to have non-bank financing, they are also an option for those seeking to increase their capital. One of the unwritten rules, but that every saver who wants to grow his money must take into account, is that the gain granted by the chosen instrument is greater than inflation, which is about 4 percent.
The opportunity to start with a small loan seems the safest
There are platforms where loans from 250 pesos can be made, such as good lender. Although the opportunity to start with a small loan seems the safest, it is recommended to start with at least an amount of 5,000 pesos to diversify it. The above is a way to increase your returns; While the biggest risk to your money is default, the more you diversify your loans, the less it will be.
The platform ensures, after a case study, that credit applicants make monthly payments with rates from 8.9% to 28.9% annually. These payments are credited to the account of the lender, who is charged a commission of 1% for each payment. This meets the premise of offering a profit greater than 4 percent.
You must be aware that there is zero risk in any instrument
Of course, you must be aware that there is zero risk in any instrument, there is always, and therefore you must think about it before integrating into any model.
An endorsement for lenders is that companies such as good lender request, together with the credit history of credit applicants, other collections that they collectively value to qualify the applicant. That qualification of the applicant will help you choose who you lend to and who does not, according to your grades and score.
Another advantage is that once the deadline for your money is returned, you can withdraw it or reinvest it. They say that everyone talks about how they do at the fair, in this case you can see if it is a way to grow your money and if you just don’t like it, you stop lending and that’s it.
The idea of this model is that people finance people
Which is a novelty in a globalized world, but especially when the population has so many doubts about the financial system of our country.
Even the Inter-American Development Bank (IDB) has recognized it as a financing alternative that moves quickly with platforms that are adapted and designed in local markets.
The IDB made a series of recommendations to promote these types of platforms, including more financial education and the promotion of their achievements to break down the barrier of mistrust.