All you have to do is to apply online and wait for your approval and they will remit it you through your preferred transfer mediom, be it a bank transfer or a remittance service or what not. They will be requiring little to no documentation and with no collateral at all which is a first in the financial industry.
In addition to this once a customer successfully
repay their loans then they will have their first
credit history on a Blockchain that can be also
used in different companies that require some
credential from their customer but the company
needs to pay for it and request a consent from
the customer and if the customer approved this
request they he/she will be rewarded of AMM
tokens so it is a really win-win situation for any
users of the platform.
Correct! The data gathered from their borrowers may be used by other companies for them to use as a basis for their own credit rating mechanisms and approvals. In this sense, we can help that sector to secure their dream, like buying a home through a home loan for example which was approved by another creditor using micromoney's credit data.
Yes they will really make some changes in the
financial industry, MicroMoney ecosystem
offers a great deal for anyone not only to give
profit from their investors but also helps
individuals and ease the pain for some companies
when they are checking the creditworthiness
of the applicants or clients.