Providing small loans at affordable prices has always been a challenge. The problem is that the cost of originating and servicing a loan is much the same for a small loan as for a large one, but the interest return, based on the loan amount, is smaller on the smaller loan. -
Even the Smallest of Loans Has a Price
Providing small loans at affordable prices has always been a challenge. The problem is that the cost of originating and servicing a loan is much the same for a small loan as for a large one, but the interest return, based on the loan amount, is smaller on the smaller loan.-
By Jack Guttentag