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Movable Asset Loans Set to Revolutionize Business Opps in Asia Pacific

Posted: August 4th, 2014 | Author: | Filed under: Business News, Socially Engineerd | Tags: , , , , , , , | Comments Off on Movable Asset Loans Set to Revolutionize Business Opps in Asia Pacific

Movable Asset Loans Set to Revolutionise Business Opps in Asia Vietnamese Fishing Coracles

Scooters, coracles, beasts of burden and even crop stocks are providing the poor in the Asia Pacific region with new business opportunities. It’s a huge leap of faith for usually stayed banks and finance companies, but ‘movable asset’ loans are taking off.

Intangible assets, goods that are easily hidden, lost or sold, present unique risks for financiers. Since the global financial crisis the appetite of bankers for taking unnecessary risk has significantly reduced.

To overcome this, countries wanting to offer movable asset loans are passing legislation to set up “secured transaction” registers, one lender in PNG – Credit Corporation – secures 90 percent of its loans against movable assets and all of those loans have gone to Indigenous entrepreneurs :: Read the full article »»»»


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