Small credits foster rural entrepreneurship in Guinea

Access to borrow small amounts has been greatly facilitated.

Certificates of bank loan as of 31.12., small credits

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Despite the difficulty, some small specific credits remain accessible.

A small loan of 5000 euros is among the small loans.

This bank would make extremely small loans to poor people.

That meant he could launch his business with a smaller loan.

Makes it possible to obtain small loans that traditional banks would not grant.

People also run up small amounts of credit with local shopkeepers on a weekly basis.

Provides instant access to small loans at low interest

For example, some private loans have interest rates that exceed 18 percent.

A 20000 euro loan is no longer under the category small loan.

However, special attention should be paid to rates when it comes to mini credit.

The legislation is somewhat different for small loans of less than $ 200.