A QUICK INTRODUCTION ABOUT WHAT YOUR COMPANY DOES/YOUR VALUES/MISSION.
Funddial – Best loan agency in kerala we providing personal loan , business loan,vehicle loan,property loan all over kerala
TELL US ABOUT YOURSELF?
i am a financial advisor working in this field almost 10 years in kerala. i started my company in 2017
IF YOU COULD GO BACK IN TIME A YEAR OR TWO, WHAT PIECE OF ADVICE WOULD YOU GIVE YOURSELF?
help peoples mainly help poor peoples…………………………
WHAT PROBLEM DOES YOUR BUSINESS SOLVE?
intrest rates, service charges, processing fees and
WHAT IS THE INSPIRATION BEHIND YOUR BUSINESS?
Supporting economic growth: Another inspiration for a loan company could be the desire to support economic growth and development. By providing capital to businesses and individuals, a loan company can help fuel innovation, create jobs, and stimulate economic activity in local communities.
Addressing financial inequality: A loan company can also be inspired by the desire to address financial inequality and provide access to capital for underserved communities. By offering loans to individuals and businesses that may have been overlooked by traditional lenders, a loan company can help promote financial inclusion and empower underrepresented communities.
Embracing technology and innovation: A loan company can also draw inspiration from the potential of technology and innovation to transform the lending industry. By embracing new technologies and exploring alternative ways of evaluating creditworthiness, a loan company can develop new products and services that better serve customers’ needs and improve the overall lending experience.
WHAT IS YOUR MAGIC SAUCE?
Sound underwriting practices: A loan company needs to have rigorous underwriting practices in place to evaluate potential borrowers and assess their creditworthiness. This includes analyzing credit reports, income and expense statements, and other financial data to determine whether the borrower is a good candidate for a loan.
Customer-centric approach: A loan company should focus on providing excellent customer service and meeting the needs of its clients. This could involve offering flexible repayment terms, competitive interest rates, and other features that make the lending process as smooth and convenient as possible.
Risk management: A loan company needs to have effective risk management strategies in place to mitigate the potential for loan defaults and losses. This could include diversifying the loan portfolio, setting appropriate lending limits, and monitoring borrower activity to identify potential red flags.
WHAT IS THE PLAN FOR THE NEXT 5 YEARS? WHAT DO YOU WANT TO ACHIEVE?
Helping individuals achieve their financial goals: Your vision could be to help people achieve their dreams, whether it’s buying a home, starting a business, or paying for education. You could aim to provide affordable and accessible loans that help people reach their goals and improve their financial well-being.
Supporting small businesses: Another vision for a loan company could be to support small businesses and entrepreneurs. You could focus on providing loans and financing to help small businesses start, grow, and succeed. This could include offering flexible repayment terms, low interest rates, and other services that help businesses thrive.
Empowering underrepresented communities: A loan company could also have a vision of empowering underrepresented communities by providing access to capital and financial education. This could involve offering loans to individuals and businesses that may have been overlooked by traditional lenders, as well as providing resources and support to help people make informed financial decisions
WHAT IS THE BIGGEST CHALLENGE YOU’VE FACED SO FAR?
managing credit risk is one of the biggest challenges facing a loan company. By developing effective risk management strategies and focusing on sound underwriting practices, a loan company can mitigate these risks and build a successful and sustainable lending operation.
HOW DO PEOPLE GET INVOLVED/BUY INTO YOUR VISION?
Creditworthiness assessment: One of the biggest challenges is assessing the creditworthiness of potential borrowers. A loan company needs to have rigorous underwriting practices in place to evaluate the financial health of borrowers and determine their ability to repay the loan.
Monitoring borrower behavior: Once a loan has been issued, a loan company needs to monitor the borrower’s behavior to identify any potential signs of financial distress. This could include monitoring the borrower’s credit score, income, and spending patterns to identify potential red flags.
Managing loan portfolio: A loan company needs to manage its loan portfolio effectively to ensure a healthy balance between risk and return. This involves diversifying the loan portfolio, setting appropriate lending limits, and monitoring the overall risk profile of the portfolio.
Economic downturns: Economic downturns can increase the risk of loan defaults and create challenges for a loan company. A loan company needs to have effective risk management strategies in place to weather financial storms and manage its loan portfolio through challenging economic conditions.