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Showing posts with the label technology

How to Finance a Telecommunication Industry

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  Financing a Telecommunication Industry The telecommunication industry remains the most diversified in the economic development of the country, as well as indirectly effecting almost every other industry. Running an effective business in the contemporary technology requires the telecommunication industry to progress. Important segment in a telecommunications industry financing include, wireless communications, communications equipment, processing systems and products, long distance carriers, domestic telecom services, foreign telecommunication services, diversified communication services — basically, the telecommunications industry financing encompasses all aspects of communication technological services and products. This major growth in the telecommunications industry in the last few years has led to the telecommunications sector becoming vital in today’s society, leading to an unavoidable reliance on telecommunication companies’ capability to be essential in the health and comp...

Alternative Loans for logistics Industry

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  Alternative Loans for logistics Industry There are quite a number of similarities associated with  Alternative loans  and convectional loans both rates are calculated based on APR and not on factoring rates. Other than that the similarities end, because alternative loans are much faster than bank loans, and require much less documentation, cash-flow and credit history. Loans can be approved within minutes and funding can take place in less than a week. Cash Advances for Logistics Industry Cash advance is bane for funding the logistics industry. While much more expensive than  bank loans  and alternative lender, the process takes only a day or two with minimal documentation needed. Alternative Source of Financing for the Logistics Industry The rise of technology gave room for manufacturing of some traditional vehicles. This is mostly the reasons why logistics industry have become the mainstay in economic development globally. The alternative source of financing...

Finance and Technology; Basic Principles

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  Finance and Technology; Basic Principles Finance and Technology have always been intertwined, from the invention of the abacus to make financial calculations easier to the mammoth supercomputers that are used to drive complex financial models today. The fintech industry was born out of that merger, and now the majority of financial activity is carried out on mobile phones, enabling more people to have access to financial services. Technological disruptions over the last few decades have changed how we communicate, talk, make purchases, and do business. Emerging technologies in the financial services industry have consistently disrupted how consumers interact with their money, what they expect from financial institutions, and how those organizations operate. Today, new technologies make processes easier, more efficient, reduce errors, improve communication, and change how consumers see and interact with money. What is Fintech (Financial Technology)? Fintech is a combination of th...

Funding Sources for Microfinance Banks

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  Funding Sources for Microfinance Banks Funding sources for microfinance banks are regulated and the need to adhere to regulatory provisions cannot be over emphasized. WHAT IS MICROFINANCE Microfinance refers to the  financial services provided to low-income individuals or groups who are typically excluded from traditional banking Most microfinance institutions focus on offering credit in the form of small working capital loans, sometimes called microloans or microcredit. Sources from funding sources for ease of understanding. #A  Shareholders’ funds (Paid-up share capital and reserves) :  This is the owners’ equity. The funds put together by the owners verified and approved by CENTRAL BANKS. It usually comes at no cost to the business. #B Deposits/Savings of customers:  As operation progresses, the business is expected to generate cashflow through the sale of products and services designed for customers. Here, products can be designed to attract savings, depos...