PHILIPPINES P2P CROWDFUNDING MICROFINANCE P2P LENDING LOAN WITHOUT SALARY PAWNBROKING
In the Philippines, a loan without a job is usually accessible through specific financing institutions to provide with funds to Filipinos without work.
In the Philippines a loan with no job is dedicated to help people to have access to financing despite their unemployment.
In the Philippines, a loan with no job is not dedicated to be used like a personal loan to satisfy consumers need but rather to contribute to the social inclusion of the borrower.
The Philippines offer to borrowers with no job to obtain funds through microfinance lenders who assist unemployed people to enhance their economic situation allowing them to create a small business with the injected funds.
A loan without employment can be also needed from a person who has a business idea and cannot obtain any funds from a classical bank. Knowing that the banks are very severe when it comes to approving a credit especially if the person is unemployed or doesn’t have a stable income or has a poor financial history.
In Philippines, loans for unemployed offer several options of financing:
crowdfunding with or without reward
loans for students,
collateral loans secured through a propriety,
microcredit in the context of microfinance,