Tag: Micro loans

Americans Take Loans for Cars and Education

Over 1 million of Americans are delaying payments on car loans for 2 months or over, the share of overdue loans has peaked since 2009. The US car loan market in 2016 grew by $93 billion to $1.16 trillion (data from the Federal Reserve Bank of New York). On average, borrowers owe $18,400 on car…

Loans for Farmers

“Selling loan” system lies in the heart of in the mechanisms of product-specific support for the United States. This loan comes into force when the market price drops, the farmer is guaranteed a minimum level of income from the sale of agricultural products on the market. A farmer can obtain a “sales loan” through the…