★ SUR ★ Token As A Pledge for Suretly - page 23.

Todaytech

newbie

Activity: 364

Merit: 0

Quote from: BTCdude007 on October 15, 2018, 02:39:23 PM

Quote from: suretly on October 11, 2018, 01:53:35 AM

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

Hello! We will work in different countries, and everywhere we will find partners who are aware of the local situation. They do have all means to choose the disciplined borrowers for the crowdvouched loans. And we will also work in wealthy countries, like the US, for example.

In many countries borrows are very disciplined becouse there are a very strict laws for those who do not pay for credits. People who not pay for the credits have a bad reputation and bad credit history.

That's just these borrowers with bad credit histories will be among the first to apply for a guarantor, because in ordinary banks they rarely give loans.

BTCdude007

sr. member

Activity: 686

Merit: 250

Quote from: suretly on October 11, 2018, 01:53:35 AM

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

Hello! We will work in different countries, and everywhere we will find partners who are aware of the local situation. They do have all means to choose the disciplined borrowers for the crowdvouched loans. And we will also work in wealthy countries, like the US, for example.

In many countries borrows are very disciplined becouse there are a very strict laws for those who do not pay for credits. People who not pay for the credits have a bad reputation and bad credit history.

berlinboy

newbie

Activity: 364

Merit: 0

Quote from: ukloon on October 12, 2018, 03:05:46 PM

Reclaiming a loan in fiat is going to have to go through the courts, unless you use a private enforcer. What happens if they are unable to pay back the SUR loan - is it treated in the same way as fiat money or do they walk away with the SUR without being chased?

If I correctly remembered the explanation of the representative of the project, then in case the substitute does not return the loan, the amount of the outpost is blocked in the account with the guarantor. But whether it will be possible to use it a second time or not, I do not know.

Enchantment99

jr. member

Activity: 238

Merit: 1

Quote from: ukloon on October 12, 2018, 03:05:46 PM

Reclaiming a loan in fiat is going to have to go through the courts, unless you use a private enforcer. What happens if they are unable to pay back the SUR loan - is it treated in the same way as fiat money or do they walk away with the SUR without being chased?

Borrowers will receive loans from microcredit organizations in the national currency of their country, but not in project tokens.

ukloon

sr. member

Activity: 798

Merit: 281

Reclaiming a loan in fiat is going to have to go through the courts, unless you use a private enforcer. What happens if they are unable to pay back the SUR loan - is it treated in the same way as fiat money or do they walk away with the SUR without being chased?

Aleksandra 81

member

Activity: 434

Merit: 11

Quote from: lumierre on October 11, 2018, 03:32:48 PM

Quote from: suretly on October 11, 2018, 01:57:29 AM

Quote from: LegendaryMemberArt on October 07, 2018, 07:31:35 AM

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

I am also interested in this question , how will the loans be insured if the borrower just runs away and does not pay .perhaps there will be any agreement with the regulatory authorities

Hello! If the borrower would not return the loan, the MFI will send the information to the credit bureau of the country. The vouchers can also file a collective lawsuit to make borrower pay.

It becomes more difficult for the borrow not to pay for the loan. If he will not pay he will not get a new credit. I became a problem to him.

The creators of this platform have concluded agreements with microcredit organizations. These documents confirm the agreement to offer reduced rates to those customers who are ready to receive guarantors from the Suretly platform. Therefore, now microcredit will be beneficial to receive.

lumierre

full member

Activity: 862

Merit: 100

Quote from: suretly on October 11, 2018, 01:57:29 AM

Quote from: LegendaryMemberArt on October 07, 2018, 07:31:35 AM

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

I am also interested in this question , how will the loans be insured if the borrower just runs away and does not pay .perhaps there will be any agreement with the regulatory authorities

Hello! If the borrower would not return the loan, the MFI will send the information to the credit bureau of the country. The vouchers can also file a collective lawsuit to make borrower pay.

It becomes more difficult for the borrow not to pay for the loan. If he will not pay he will not get a new credit. I became a problem to him.

Charisma359

jr. member

Activity: 238

Merit: 1

Quote from: barabeku on October 10, 2018, 01:01:38 PM

Quote from: oficman on October 10, 2018, 11:48:21 AM

Quote from: barabeku on October 08, 2018, 09:29:18 AM

Here is a representative of the team and he answer to all the questions. There is a road map and you can check all the main poins. But I agree that it is very hard to wait when the platform will be ready.

In the latest news of the project, it was said that the platform was already prepared for work and launched. You can register on it and replenish your account with Russian rubles.

It is good that the platform start to work in Russia. It will get the fist profit and the price of the tokens will rise up. It will be good to investors.

Very much the price will rise on tokens when the platform starts working in other countries of the world and users will buy project tokens in order to make a deposit and work as a guarantor.

barabeku

full member

Activity: 568

Merit: 100

umachit.fund

Quote from: oficman on October 10, 2018, 11:48:21 AM

Quote from: barabeku on October 08, 2018, 09:29:18 AM

Here is a representative of the team and he answer to all the questions. There is a road map and you can check all the main poins. But I agree that it is very hard to wait when the platform will be ready.

In the latest news of the project, it was said that the platform was already prepared for work and launched. You can register on it and replenish your account with Russian rubles.

It is good that the platform start to work in Russia. It will get the fist profit and the price of the tokens will rise up. It will be good to investors.

oficman

member

Activity: 434

Merit: 10

Quote from: barabeku on October 08, 2018, 09:29:18 AM

Here is a representative of the team and he answer to all the questions. There is a road map and you can check all the main poins. But I agree that it is very hard to wait when the platform will be ready.

In the latest news of the project, it was said that the platform was already prepared for work and launched. You can register on it and replenish your account with Russian rubles.

ukloon

sr. member

Activity: 798

Merit: 281

It is better to borrow from suretly than from a loan shark, if you can't pay back those loans then you can lose more than just some extra bucks! If it is a safe way to get a loan then i'm sure people will get on board. All it needs is a few good customers to get it going

lumierre

full member

Activity: 862

Merit: 100

Quote from: FORTUNA88 on October 09, 2018, 01:02:28 AM

Quote from: Distinctin on October 08, 2018, 09:58:20 PM

But there should be no limitations, risk in loans are normal and as a business, we should be aware on that.
It's easy to minimize the risk while still increasing the potential borrowers, just minimize the risk by increase the interest rate.

The Suretly team on the contrary wants to lower the interest rate on loans in order to attract the attention of a large number of borrowers, and you propose to raise the interest. Cheesy

In microfinance organisation the interest of the loans is very big. It is very uncomfortable for borrows. If interest will be smaller it will b good for everybody.

FORTUNA88

jr. member

Activity: 98

Merit: 1

Quote from: Distinctin on October 08, 2018, 09:58:20 PM

But there should be no limitations, risk in loans are normal and as a business, we should be aware on that.
It's easy to minimize the risk while still increasing the potential borrowers, just minimize the risk by increase the interest rate.

The Suretly team on the contrary wants to lower the interest rate on loans in order to attract the attention of a large number of borrowers, and you propose to raise the interest. Cheesy

Distinctin

hero member

Activity: 2926

Merit: 657

No dream is too big and no dreamer is too small

Quote from: ukloon on October 08, 2018, 05:00:40 PM

Quote from: Enchantment99 on October 06, 2018, 07:23:34 AM

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

Strange, I thought that Americans have a different mentality and that they are more responsible than Russian borrowers.

There is a big difference between north and south america. North America refers to the USA which has the worlds largest economy, while South America refers to venezuela, and it's neighbours. If you want to loan your money to borrowers in those south american countries then you take a higher risk to get it back

But there should be no limitations, risk in loans are normal and as a business, we should be aware on that.
It's easy to minimize the risk while still increasing the potential borrowers, just minimize the risk by increase the interest rate.

ukloon

sr. member

Activity: 798

Merit: 281

Quote from: Enchantment99 on October 06, 2018, 07:23:34 AM

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

Strange, I thought that Americans have a different mentality and that they are more responsible than Russian borrowers.

There is a big difference between north and south america. North America refers to the USA which has the worlds largest economy, while South America refers to venezuela, and it's neighbours. If you want to loan your money to borrowers in those south american countries then you take a higher risk to get it back

BTCdude007

sr. member

Activity: 686

Merit: 250

Quote from: suretly on October 08, 2018, 07:44:36 AM

Quote from: Ipwich on October 05, 2018, 03:54:23 AM

Quote from: lumierre on October 04, 2018, 01:37:00 PM

Quote from: Aleksandra 81 on October 04, 2018, 03:07:07 AM

Quote from: yourcatsofat on October 03, 2018, 05:07:56 AM

All projects are long-term. But few ones can live more than 1-2 years. I do not see the future here

Why do not you see the prospects of this project? The credit market for a long period of time will be in high demand among consumers. Therefore, the Suretly platform will need borrowers all this time.

Micro credits was popular 100 years ago and will be popular in 100 years. Creditors needs guarantees too. I think the idea of the project is usefull.

The idea is good but in the market there are competitors therefore in order to excel over them, we need to beat them in every angle if possible.
So, we have to trust that to the team to develop the project, for how long? Only them knows.

Hi! We are in the blue ocean, guys, we do not have competitors. What we need is people to believe in the crowdvouching idea and start making money on it.

Microloans becomes more and more popular and more organizations give microloans. But not all borrowes pay for microloans so I think the service with guaranters will be popular.

Todaytech

newbie

Activity: 364

Merit: 0

Quote from: suretly on October 08, 2018, 07:42:10 AM

Actually, first microloans were something like crowdvouched loans - a person took a loan, and people from his or her village guaranteed that the borrower will return it.

The first such microloans, if I’m not mistaken, gave out postal orders and moneylenders. Their guarantors were friends, acquaintances or neighbors.

barabeku

full member

Activity: 568

Merit: 100

umachit.fund

Quote from: Ipwich on October 05, 2018, 03:54:23 AM

Quote from: lumierre on October 04, 2018, 01:37:00 PM

Quote from: Aleksandra 81 on October 04, 2018, 03:07:07 AM

Quote from: yourcatsofat on October 03, 2018, 05:07:56 AM

All projects are long-term. But few ones can live more than 1-2 years. I do not see the future here

Why do not you see the prospects of this project? The credit market for a long period of time will be in high demand among consumers. Therefore, the Suretly platform will need borrowers all this time.

Micro credits was popular 100 years ago and will be popular in 100 years. Creditors needs guarantees too. I think the idea of the project is usefull.

The idea is good but in the market there are competitors therefore in order to excel over them, we need to beat them in every angle if possible.
So, we have to trust that to the team to develop the project, for how long? Only them knows.

Here is a representative of the team and he answer to all the questions. There is a road map and you can check all the main poins. But I agree that it is very hard to wait when the platform will be ready.

MoLoKo789

jr. member

Activity: 168

Merit: 1

Quote from: KRAUSS on October 07, 2018, 12:32:45 PM

This was my first ICO ever )) And The first mistake in this field as well ))) Seriously - any news from the team. Hope they are not scmmers....

Why is there no fresh news if the team is already launching its platform in the Russian territory? If you live in Russia, you can register on the platform, replenish your account with rubles and work as a guarantor.

LegendaryMemberArt

member

Activity: 448

Merit: 10

Quote from: ukloon on October 06, 2018, 04:49:20 AM

Poorly developed economies is not always the best place for this product. I'm sure if you tried to launch it in some south american countries you will give out your loan they will run away without paying. There will be few guarantors if that happens which is bad for suretly

I am also interested in this question , how will the loans be insured if the borrower just runs away and does not pay .perhaps there will be any agreement with the regulatory authorities

Topic: ★ SUR ★ Token As A Pledge for Suretly - page 23. (Read 312457 times)