Deposit insurance is a new service that banks have begun to offer to customers.
The essence of insurance is that if the bank refuses to pay the client a deposit, he can write a statement to the insurance company. She submits an official request to the bank and, after receiving a response, reimburses the deposit amount to the client. Typically, customers who have insured deposits receive a slightly lower interest on the deposit. For example, if a client should receive 20% per annum on a deposit, he will receive only 15-17%, but he will be insured against problems and unforeseen circumstances. In any case, the insurance company will pay him the full amount of the deposit. The insured event occurs at the moment when the bank is declared bankrupt. Continue reading
Many people dream of starting their own business, but often these dreams are broken because of the lack of seed capital. It turns out a vicious circle:
to make money, you must first take it somewhere. But this circle can be broken with loans for small businesses. This is a way out, but not as simple as it seems, because banks are not very enthusiastic about lending to budding entrepreneurs who, before that, had no successful experience in conducting independent activities.
Getting a loan for a business from scratch Continue reading