Microcredit is usually a loan made to a person or a group of people so that they can develop a project; For example, to make a small restaurant, shop or similar economic activities, these are available through certain non-profit, community-based organizations that have experience in lending and business assistance. If a client wishes to apply for microcredit financing, they may be required to meet the training or planning requirements before considering their loan application. This business training is designed to help you launch or expand your business.
Sea Trade Financial wants to offer its clients a financing designed to support the development of their business, which guarantees loans with flexible terms and payable in comfortable installments with the most competitive rate on the market.
To any natural or legal person who, under any form of organization or productive management, carries out activities of commercialization, rendering of services, transformation and industrial, agricultural or artisanal production.
Interest rates vary, depending on the project, costs and laws that govern the US. These rates vary between 8% and 13% per year.
Microcredit can be used to:
The terms of repayment of the loans vary according to several factors: