MICRO-LOAN WITHOUT JOB

MICRO-LOAN WITHOUT JOB

MICROCREDIT LOAN WITH NO JOB MICRO-LOAN FOR UNEMPLOYED

A micro-loan without job is defined by a financing instrument elaborated by microfinance institutions for unemployed people who are facing difficulties when trying to borrow from banks.

A micro-loan with no job is a credit facility which is not based on an assessment relying on commercial criteria likes it’s the case for banks but rather on a social basis with the aim to achieve financial inclusion.

A microcredit for unemployed people is a lending solution similar to a loan obtained through a bank, but is different in nature and size as microfinance is normally small volume and satisfy specific needs of low-income people (urban and rural) also microcredits are generally given to individuals and households or business owners and help unemployed people to set their own new business.

A microcredit loan without job helps unemployed people to enhance their social and economic integration by funding their needs in terms of professional development and helping them to achieve a financial independance.

A microfinance loan with no job provides in some cases with funds to acquire a vehicle or access to a retraining to increase the chances to find a job or to allow to the borrower to create his own business.