Finacial Management: How to Obtain Credit or a Loan
| Date of acession | 2024-12-18T13:14:44Z | |
| Date of availability | 2024-12-18T13:14:44Z | |
| Date of issue | 2013 | |
| Abstract | This material provides an overview of how to obtain credit or a loan, emphasizing its importance for business establishment or expansion. It explains the roles of the creditor (provider) and debtor (recipient) and explores various sources of credit and loans, including informal and formal channels. The document outlines essential steps for entrepreneurs to take when seeking credit or loans, such as being prepared by registering the business, maintaining financial records, and creating a business plan. The process of approaching financial institutions or service providers, understanding loan conditions, and completing the required documentation is also detailed. The fact sheet further emphasizes the criteria used by creditors to assess applications and highlights key considerations, such as interest rates, repayment schedules, and collateral requirements. It also stresses the importance of timely repayment and building a positive credit history for future borrowing opportunities. | |
| URL | https://hub.ifdc.org/handle/20.500.14297/3357 | |
| Language | en | |
| Subject | Financial institutions | |
| Subject | Loans | |
| Title | Finacial Management: How to Obtain Credit or a Loan | |
| Type | Learning Object |