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The Smart Institute. LALF financing model just like Grameen is focused around a peer team.

The Smart Institute. LALF financing model just like Grameen is focused around a peer team.

Lifestyle https://yourloansllc.com/title-loans-tn/ Resource Loan Fund

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Life resource Inc. is really an organization that is nonprofit Washington D.C. whoever main function is always to offer financial solutions towards the unbanked and underbanked. Lifestyle resource Inc. has built that loan investment, the life span resource Loan Fund (LALF), providing tiny loans to business owners who wish to begin or develop a small company but|business that is small are having problems getting loans from traditional banks.LALF is a substitute for moneylenders, payday organizations, and pawnshops that usually loan cash at exorbitant interest levels, rendering it exceedingly difficult for business owners to show their tips into lucrative companies. (Life resource can also be arranging the proposed “Life Asset Credit Union”).The Lending ModelLALF is dependant on the Grameen financing model developed over 30 years ago by Grameen Bank in Bangladesh.

The figure below illustrates the Grameen Lending Model.

Figure 1. Grameen Lending Model

LALF financing model just like Grameen is focused around a peer team. The peer team model requires potential borrowers to make or join a team of 5 other entrepreneurs, each attempting to begin or expand his/her company.

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