Professional Documents
Culture Documents
As mostly people who are willingly to quit an employee life, have a sincere
desire to build a better life for themselves. They know that the loans offer an
important opportunity and they are committed to making the most of them. Most
of our kababayans were already involved in some kind of small enterprise, like
vending on the street. Therefore, they have a good business sense. The loans
allow them to diversify, be creative, and buy products in bulk.
Furthermore, this paper can broaden the thinking of the researchers with
regard to the challenge in the business world and urge them to be informative on
how lending business accompany and fight those challenges.
Definition of Terms
9. Term period over which a loan agreement is in force, and before or at the
end of which the loan should either be repaid or renegotiated for another term.
10. Underground Lending informal engaging in lending activities, usually offers
higher interest rate.