Discussion: Research-based Peer Alternative Response to 4.3 Peer Topic : The U.S based Micro Loan Provider Please review previous submissions and the alternate response should be new not similar to pr

MicroLoan Provider

         Over half of the population of the US depend on borrowing from microfinance. Microfinance is cheaper and affordable to most individuals as they can easily access it. 40% of Americans' income consist of significant associations. The great recession has not affected the large associations, retaining their full positions (Zhang & Liu, 2012). Significant associations do not have organized credit elements and have not been affected by credit-oriented emergencies.

        Advertising is one of the ways that a business can make consumers familiar with the products they sell. This can be done through promotions and having a sales team that is focused and goal-oriented. For a business that has not ventured into advertising, it becomes challenging for the customers to familiarize themselves with its products. When advertising, the cost of the product should be explicit, and when advertising, as well as the objectives

          Wealthy families can easily acquire capital from the bank regularly, and the banks are not threatened and the charges of making tiny and secured credits. For account holders not dwelling on the neediness line, microloans may not be of help (Zhang & Liu, 2012). They can sustain themselves with their capital. Microlenders located in the well of cities in the United States tend to make no profits since the people living there are stable and can acquire their money.

          To conclude, microfinance was formed to mainly help the poor and marginalized communities (Roodman, 2012). They help the less fortunate in society have access to financial services to acquire goods and services similar to financially capable individuals. I would recommend that microfinance be taxed less and be provided with financial aid as they assist inferior individuals in having access to loan facilities. Large organizations should support them as they help a large part of the population improve their living standards.

References

Roodman, D. (2012). Due diligence: An impertinent inquiry into microfinance. CGD Books.

Zhang, J., & Liu, P. (2012). Rational herding in microloan markets. Management Science, 58(5), 892-912.