Fintech Lending: Financial Inclusion, Risk Pricing, and Alternative Information
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Lending Trend Etfs AMPLIFYLEND CROWDBUREAU® ONLINE LENDING and DIGITAL BANKING ETF WHY INVEST in LEND?
As of 3/31/2021 Invest in the Online Amplify Lending Trend ETFs AMPLIFYLEND CROWDBUREAU® ONLINE LENDING AND DIGITAL BANKING ETF WHY INVEST IN LEND? 1. Access to a rapidly growing and evolving industry that seeks to disrupt the LEND seeks investment results that generally financial and banking sectors. correspond to the CrowdBureau® P2P On- line Lending and Digital Banking Index (the 2. Diverse group of global companies providing solutions for increasing Index). The Index is comprised of companies capital needs of businesses and individuals. that 1) operate the platforms that facilitate 3. Expertise – CrowdBureau® (Index Provider) is a thought leader in the P2P lending and digital banking, and 2) pro- online lending & digital banking space. vide the technology & software that enable the operation of these platforms. WHAT IS PEER-TO-PEER LENDING? FUND FACTS Peer-to-peer (P2P) lending is the practice of lending money to businesses and Ticker LEND individuals through online services that match lenders with borrowers. P2P/ CUSIP 032108862 online lending generally refers to the financing method, typically internet-based, by which capital is raised through the solicitation of small individual investments Intraday NAV LENDIV or contributions from a large number of persons, entities or institutions that Expense Ratio 0.65% lend money directly or indirectly to businesses or consumers. Inception Date 5/9/2019 P2P lenders provide a solution for businesses and individuals to the inefficiencies Exchange NYSE Arca found within the traditional banking systemvestment to the mining space. M&A activity favors junior miners, as it is cheaper for senior miners to buy production Index-Tracking than build capacity themselves. -
Tips on Choosing a Reputable Credit Counseling Agency
NATIONAL CONSUMER LAW Consumer CENTER INC 77 Summer Street, 10th Fl Boston, MA 02110 for Older 617 542-8010 www.nclc.org Facts Americans Tips on Choosing A Reputable Credit Counseling Agency There have been a lot of problems with credit counseling agencies in recent years. For example, the vast majority of credit counseling agencies are non-profit organizations, yet many behave like for-profit businesses. These non-profits in disguise spend huge amounts of money on advertising and aggressively try to sell “debt relief” products to consumers. You should be careful if you think you want to go to a credit counseling agency for help with credit card debt. Credit counseling can be very useful in some cases. Unfortunately, not all credit counseling agencies are acting in your best interests. Below are a few tips to help you decide whether credit counseling is right for you and to help you find a reputable agency. Do You Need a Credit Counseling Agency? 1. Are You In Financial Trouble? Some warning signs of financial trouble are clearer than others. For example, if you are consistently late in paying bills or are already behind in paying some debts, you probably know that you need help. Other warning signs of financial trouble are not so obvious. If your total debt payments, excluding your mortgage and car, are between one-quarter and one-half of your after-tax income, you could benefit from credit counseling or other forms of financial assistance. You should consider seeking assistance even if you are current on all bills. -
Student Module 13.1 Bankruptcy Page 1
STUDENT MODULE 13.1 BANKRUPTCY PAGE 1 Standard 13: The student will evaluate the consequences of bankruptcy. Managing High Levels of Debt Montana and Carolina could not wait to graduate from high school and get married. They planned to go to college, if they could get student loans. In their premarital counseling class on debt, they each were shocked to learn how much the other person owed. Montana had a new truck. He borrowed money on his credit card for the down payment, tag, and title. He also booked their $5,000 honeymoon to Mexico on his credit card. Carolina drove an old car. It was a “money pit,” constantly costing her much money on repairs. She charged those repairs on her credit card, along with her clothes, shoes, dinners with friends, and Lesson Objectives everything else she wanted or needed. Her Identify ways to deal with high levels of personal debt. charges totaled $8,000. Compare the costs and benefits of filing bankruptcy. Is this a good way to start Recognize the impact of filing bankruptcy. a marriage? What do you Explain the importance of reestablishing positive credit recommend Montana and history. Carolina do to get control Demonstrate the steps to rebuilding positive credit over their debt? history. © 2008. Oklahoma State Department of Education. All rights reserved. Student Module 13.1 2 Personal Financial Literacy Vocabulary Bankrupt: A person or company with insufficient assets to cover their debt. Bankruptcy: A state of being legally released from the obligation to repay some or all debt in exchange for the forced loss of certain assets. -
Person-To-Person Lending
PERSON-TO-PERSON LENDING IS FINANCIAL DEMOCRACY A CLICK AWAY? Prepared under AMAP/Financial Services, Knowledge Generation Task Order microREPORT #130 September 2008 This publication was produced for review by the United States Agency for International Development. PERSON-TO-PERSON LENDING IS FINANCIAL DEMOCRACY A CLICK AWAY? Prepared under AMAP/Financial Services, Knowledge Generation Task Order microREPORT #130 DISCLAIMER The author’s views expressed in this publication do not necessarily reflect the views of the United States Agency for International Development or the United States Government. AKNOWLEDGEMENTS This report was prepared and compiled by Ea Consultants and Abt Associates under the Accelerated Microenterprise Advancement Project-Financial Services Component (AMAP-FS) Knowledge Generation Task Order. It was authored by Jennifer Powers, Barbara Magnoni and Sarah Knapp of EA Consultants. The authors would like to thank the Management of Calvert Foundation, dhanaX, Kiva, MicroPlace, MyC4, Prosper, and RangDe, for taking the time to speak candidly with us about their institutions, their industry and some of the challenges and opportunities they face. The authors also acknowledge the contributions of the microfinance institutions benefiting from these sites including: International Microcredit Organization (IMON), Norwegian Microcredit LLC (Normicro) and YOSEFO, who allowed themselves to be interviewed for this report. Finally, the authors would like to acknowledge the guidance and support of Thomas DeBass, USAID. CONTENTS I. -
Current State of Crowdfunding in Europe
Current State of Crowdfunding in Europe An Overview of the Crowdfunding Industry in more than 25 Countries: Trends, Volumes & Regulations 2016 Current State of Crowdfunding in Europe 2016 CrowdfundingHub is the European Expertise Centre for Alternative and Community Finance [email protected] www.crowdfundinghub.eu @CrowdfundingHub.eu Keizersgracht 264 1016 EV Amsterdam The Netherlands This report is made possible by the contribution of: Current State of Crowdfunding in Europe is a report based on research conducted by CrowdfundingHub in close cooperation with professionals from all over Europe. Revised versions of this report and updates of individual countries can be found at www.crowdfundingineurope.eu. Current State of Crowdfunding in Europe 2016 Foreword We started this research to get a structured view on the state of crowdfunding in Europe. With the support of more than 30 experts in Europe we collected information about the industry in 27 countries. One of the conclusions is that there is a wide variety of alternative finance instruments that is being offered through online platforms and also that the maturity of the alternative finance industry in a country can not just be measured by the volume of transactions on these platforms. During the process of the research therefore, the idea took root to develop an Alternative Finance Maturity Index. The index takes into account the volumes in the industry, the access to relevant and reliable data, the degree of organization of the industry, the presence and use of all the different forms of alternative finance and also the way governments are regulating the industry with rules that on one hand foster alternative finance but on the other hand also protect consumers and prevent excesses. -
Debt Consolidation Vs Bankruptcy Which Is The
CONTENT Introduction 01. Debt Consolidation 02. Debt Settlement and Debt Management 03. Why is Bankruptcy Typically Saved for the Last Resort? 04. More Options and Tips for Winning the War of Debt INTRODUCTION When you’re facing what feels like a mountain of debt, seeing the other side can feel like an impossibility. When will you ever overcome your current situation? Is there such a thing as life on the other side of your debt? The answers to all of your questions can be found by speaking with a financial professional, but along the way, you will surely encounter numerous paths you can take to achieve your ultimate goal of being debt-free. Even with the guidance of a knowledgeable professional, it will still be up to you to decide which options are in your best interest. To do that, you’ll need to know more about each option. Here, we’ll examine some of the most common options you have when facing significant debt, including how each option impacts your life and finances for the future. Debt Consolidation Debt consolidation is one of the most popular alternatives to bankruptcy when it comes to reducing personal debt in America. However, it is not without its own balance of benefits and drawbacks. Weighing these can help a person decide whether this avenue would be a good fit for their situation. Oftentimes, consumers find that bankruptcy may be a better option. First and foremost, it’s important to know that debt consolidation involves taking out a loan to pay down the rest of your outstanding debts. -
Access to Finance: Developing the Microinsurance Market in Mongolia
Access to Finance Developing the Microinsurance Market in Mongolia Mongolia experienced a challenging transition from socialist economy to market economy from 1990 onwards. Its commercial insurance market is still at its infancy, with gross written premiums in 2013 amounting to only 0.54% of gross domestic production. ADB undertook this technical assistance study to support microinsurance development in Mongolia. The study provides an overview of the development of Mongolia’s insurance market in ACCESS TO FINANCE general and the microinsurance segment in particular, then identifies gaps in the insurance regulatory framework that need to be bridged to expand microinsurance coverage to more households. DEVELOPING THE MICROINSURANCE MARKET IN MONGOLIA About the Asian Development Bank ADB’s vision is an Asia and Pacific region free of poverty. Its mission is to help its developing member countries reduce poverty and improve the quality of life of their people. Despite the region’s many successes, it remains home to approximately two-thirds of the world’s poor: 1.6 billion people who live on less than $2 a day, with 733 million struggling on less than $1.25 a day. ADB is committed to reducing poverty through inclusive economic growth, environmentally sustainable growth, and regional integration. Based in Manila, ADB is owned by 67 members, including 48 from the region. Its main instruments for helping its developing member countries are policy dialogue, loans, equity investments, guarantees, grants, and technical assistance. ISBN Asian Development Bank 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org Printed on recycled paper Printed in the Philippines ACCESS TO FINANCE DEVELOPING THE MICROINSURANCE MARKET IN MONGOLIA Access to Insurance Initiative Kelly Rendek and Martina Wiedmaier-Pfister © 2014 Asian Development Bank All rights reserved. -
Financial Sector Development
Financial Sector Development – The role of effective local banking structures Background paper for the 2019 UN Inter- Agency Task Force Report on Financing for Development Axel Bertuch-Samuels Table of Contents Part I. Introduction ................................................................................................................. 3 Part II. Saving/Financial Access/Inclusive Finance and Growth ............................ 5 II. 1. Is diversity in financial sector structure conducive to fostering savings and credit opportunities for all? .......................................................................................................... 5 II. 1.1. Savings ............................................................................................................................................... 5 II. 1.2. Credit ...................................................................................................................................................... 6 II. 1. 3. Financial sector structure ............................................................................................................ 7 II.2. Macroeconomic effects of financial inclusion ........................................................... 10 II. 3. Conclusion ............................................................................................................................ 12 Part III. Sparkassen and cooperative banks in Germany—lessons from their history for financial sector development .................................................................... -
Americans May Face a Crisis with Past Due Debt in 2021 Credit Card Defaults and Delinquencies Are Expected to Rise Next Year
Americans May Face a Crisis with Past Due Debt in 2021 Credit card defaults and delinquencies are expected to rise next year. If you focus solely on cold numbers, it looks like Americans are doing exceptionally well when it comes to consumer debt. The St. Louis Federal Reserve shows that credit card delinquencies were on the decline in the third quarter of this year, the third quarterly decline consecutively. That follows a 0.2% decrease in household debt in the second quarter of 2020. However, experts are warning that the headway consumers are making against debt may run out quickly next year once the second stimulus passes. According to Ted Rossman, a credit analyst at Bankrate, the stimulus and ongoing Congressional relief efforts from the CARES Act are, "keeping a lid on delinquencies." Essentially, the Economic Impact Payments and deferment and forbearance programs granted through the CARES Act have contributed to helping consumers stay out of credit card default. This year, consumers have been able to defer their credit card payments up to 180 days due to financial hardship. What’s more, many Americans used their stimulus to pay down debt. The issue is that once CARES Act protections run out, consumers may be on the hook with more debt than they can handle. And while a second round of stimulus would help, many experts say it will only delay the inevitable. “Unless the job market can bounce back significantly over the next few months, many families will be facing a crisis once stimulus checks and other consumer protection programs run their course,” warns Gary Herman, President of Consolidated Credit. -
Plan to Pay Creditors and Protect Family Welfare
PURDUE EXTENSION CFS-704-6-W Consumer and Family Sciences Department of Consumer Sciences & Retailing When Your Income Drops: Fact Sheet 6 Plan to Pay Creditors and Protect Family Welfare Many circumstances can lead to a loss or drop in income, and you may be caught unprepared, with a seemingly endless list of bills to be paid. When this happens, you want to protect your family’s welfare, but you will also have to deal with your creditors. It’s important that you not leave the decision-making to others, or to chance. Pretending you have no money problems won’t make the problems go away. You and your family must face the situation honestly. Openly discuss the situation with all family members. This will help everyone realize that changes and sacrifices must be made, at least for the immediate future. The publications in this series were You will want to contact your creditors. Don’t (savings, items that could be sold) do you have adapted by Purdue wait for them to contact you. Your past experi- that could be used to pay off your debt? What Extension specialists ences with creditors are important. If you have debts are the most important to pay first? Will based on subject consistently paid bills when due, your creditors vital service be cut off if you don’t pay? matter from a will be more cooperative than if you were publication by Carol frequently late or didn’t make regular payments. Who gets paid first? S. Kramer, Extension You are legally obligated to pay all of your specialist, consumer Creditors are in the business of lending money creditors. -
Financing the 2030 Agenda
United Nations Development Programme FINANCING THE 2030 AGENDA An Introductory Guidebook for UNDP Country Offices January 2018 Disclaimer The views and recommendations made in this guidebook are those of the authors and do not necessarily represent those of the United Nations Development Programme or Member States. Cover photo: UN Photo Victoria Hazou RwandBatt is working with the local community on a "Umuganda" ["Shared Work"] project, constructing a new primary school for the students in Kapuri. FINANCING THE 2030 AGENDA An Introductory Guidebook for UNDP Country Offices January 2018 Table of Contents Introduction 6 PART ONE Financing for Development: the Global Context 8 A Dynamic Development Financing Landscape 9 1. The 2030 Agenda: Assessing Financing Needs 10 2A. Emerging Patterns of Resources: New Opportunities 12 2B. Emerging Patterns of Resources: Challenges and Limitations 16 3. An Age of Choice? Diversity and Innovation in Financing Approaches 23 4. Financing for What? 29 5. Is Money Everything? Financial Versus Non-financial Means of Implementation 31 5.1. Global Economic Conditions Matter 32 5.2. Other Non-financial Means of Implementation 33 PART TWO Country Level Support on Financing for Sustainable Development 40 1. Developing a Coherent Financing for Development Strategy: UNDP’s Approach 45 2. Implementing UNDP’s Structured Approach 48 2.1 Context Analysis 48 2.2. Public and Private Expenditure Reviews 49 2.3. Identifying and Costing National Priorities and Building an Investment Pipeline 52 2.4. Developing a Financing Strategy 56 2.5. What are Possible Financing ‘Solutions’? 58 3. Concluding Remarks 61 PART THREE UNDP Tools, Policy and Programme Support on Financing for Development 63 1. -
Debt Consolidation
debt consolidAtion Prepare • Progress • AchieveTM www.ucu.maine.edu • 800-696-8628 What is debt consolidation? Debt consolidation is when you roll all of your smaller individual loans into one large loan, usually with a longer term and a lower interest rate. This allows you to write one check for a loan payment instead of many, while lowering your total monthly payments. How do you consolidate your debts? There are many ways to consolidate your debts. One way is to transfer them to a credit card with a lower interest rate. Most credit card companies allow you to transfer balances by providing them with information, such as the issuing bank, account number, and approximate balance. Or, your credit card company may send you convenience checks that you can use to pay off your old balances. Keep in mind, however, that there is usually a fee for this type of transaction, and the lower rate may last only for a certain period of time (e.g., six months). Another option is to obtain a home equity loan. Most banks and mortgage companies offer home equity loans. You’ll need to fill out an application and demonstrate to the lender that you’ll be able to make regular monthly payments. Your home will then be appraised to determine the amount of your equity. Typically, you can borrow an amount equal to 80 percent of the value of the equity in your home. Interest rates and terms for home equity loans vary, so you should shop around and compare lenders. Some lenders offer loans specifically designed for debt consolidation.