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How does microfinance work now?
How to choose an MFI?
Check on the site whether the MFI is in the state register. If not, then you should refuse the services of this company.
Each MFI is required to be a SRO in the financial market https://pesoassist.ph/onlineloans-pilipinas-reviews/.
Examine customer reviews. Pay attention not only to a positive rating, but also to negative reviews. They will help you sensibly assess the shortcomings of this MFI. What for some is a drawback, for others it may seem insignificant.
Determining the best loan option
In order to get a loan that is most suitable for your situation, we suggest that you refer to the table. Fill it out and get a clear comparison of conditions, which will help simplify the choice and get the best solution.
When searching for a company in the register of licenses, it should be remembered that often the full name of a legal entity is. entity does not match company name. This may complicate the search or you may not be able to find this MFI in the registry at all. Try to search not only by name, but also by TIN or address.
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