Filippo
Thu Sep 26 2024
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7 answers
1896
How much is a typical micro loan?
Could you please elaborate on the typical amount of a micro loan? Are these loans usually granted in small denominations to cater to specific financial needs, or are there variations in the loan amounts based on factors such as the borrower's creditworthiness or the intended use of the funds? Additionally, is there a standard range within which most micro loans fall, or do they vary significantly from case to case?
Maria
Thu Sep 26 2024
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7 answers
1703
How long does it take to get approved for a micro loan?
I'm curious to know, how long does the process of getting approved for a micro loan typically take? Is there a standard timeline that borrowers can expect, or does it vary depending on factors such as credit score, loan amount, and the lender's requirements? Additionally, are there any steps that borrowers can take to expedite the approval process and potentially get their funds faster?
