Rebirth 79: I opened a bank in the United States

Chapter 15 Thoughts on Microloans

"Okay, ladies, I've calmed down a lot. Thank you very much for your help, now, here's your tip, please leave my office in a mellow manner!"

Half an hour later, in Carter's office.Sweating profusely, Carter took out dozens of dollars and forced them to the two female workers standing in front of him, and "politely" asked them to leave.

This indescribable business has existed since ancient times and has never been cut off, and it is impossible to stop it.A small place like Douglas will not lack these people, but correspondingly, market demand leads to market supply.

How big is the demand for such a big, small city?How high can the quality of this female worker be?There's a hole and it's over
But the calming effect was achieved by them in an alternative way!
The scene rewinds to three minutes ago, when Carter heard the knock on the door and couldn't wait to open the door.Two white women with heavy makeup, wearing fishnet stockings, aged at least [-] and above, and weighing [-] and above, poked Carter in front of him. What made their eyes even hotter was that one of the aunts even wore purple eyeshadow.
That guy is so vulgar and vulgar.Facing such two peerless "beauties", can Carter remain calm?Does he dare not be calm? !

In the end, after spending half an hour and wasting two hundred dollars, Carter calmly sat back at his desk and called the strange-looking Goodman.
"Uncle Goodman, please help me to show me the current loan information of Black Bank."

"Okay, so you're done so soon?"

Goodman accepted the order, turned around and walked out halfway, Goodman suddenly turned his head and asked tentatively.

"roll!"

The young man's dignity seemed to be offended, and he pointed at the door angrily.Another half an hour later, this time it was the boy's turn to look up strangely:
"Uncle Goodman, why are all the people who come to get loans are white people? Don't we have more than [-] black people in Douglas who don't need loans? Are they all so rich?"

"Huh? Black people? It's not that they don't come to borrow money, but they don't have a decent collateral to get a loan at all. As for the guarantee, it's not that I don't trust black people, but that they are gang-like groups that guarantee each other in exchange for You, can you trust them?"

Goodman took a drag on Carter's loose cigarette and nearly choked to death.He never expected that Carter would ask such a strange question after reading the loan information for a long time.

Is this question weird?

To Carter, he felt normal.He was really curious why in all the loan information, the borrowers were all white and there were no black people.There are even very, very few black depositors. Among the more than one hundred white depositors, there are only one or two black depositors.And they all opened checking accounts, not even savings accounts.

He doesn't want savings with interest, and he doesn't take out loans. It's hard for Carter not to wonder if these black people are really rich?As I said earlier, due to the high inflation in the [-]s, in the United States, consumption with loans was much more cost-effective than normal consumption.Don't take out a loan, okay, let's say that black people don't trust banks and dare not take out loans, so what about deposits?

How much money is stored in the bank also has interest?Even if it can't keep up with the inflation rate, it's better than keeping a dime in your own home without interest, right?As a result, this group of people neither took out loans nor saved money, and lived like a godlike saint, who could no longer eat grains!
In Goodman's eyes, it is only natural not to lend money to black people.I have never heard of any bank that provides loans to black people, and does not say anything about discrimination or non-discrimination. With their little wealth, what do they use as collateral?

There is no mortgage, and the guarantor cannot be trusted, so why lend to them?If the loan is released, can it be recovered?
"Well, what you said makes sense. But with so many blacks in Douglas, it is actually a huge potential market. What if we introduced unsecured loans for blacks? Because there are no mortgages, we can raise the interest rate, and then"

"Are you crazy?! Loans to black people? Or unsecured loans? They won't pay back, you're not taking out loans, you're giving benefits! You fucking should run for president and give your shit to black people unsecured As soon as the loan is announced, all the niggers will vote for you!"

Carter's "then" hadn't finished yet, and Goodman rose up.The cigarette dangling from the corner of his mouth fell to the ground without even caring, and he repeatedly slapped the table excitedly, trying to wake up this whimsical little boss.

"You run a bank! A bank! Not an orphanage! There has never been a bank that borrows money without collateral. Without collateral, let alone black people, white people will not pay back the money!"

"Think about it this way, I, Goodman, are here to borrow money now. If I mortgage my two-hundred-dollar watch to you and borrow 160 yuan from you, if I don't pay back the money, my two-hundred-dollar The Yuan watch is yours. I owe 40, but I don’t want to owe it, so I have to pay it back!”

"But now I don't need to mortgage anything. I borrowed 160 yuan, and I don't pay back the money. The two hundred yuan watch is still mine. It means that I have earned 360 yuan! If this is the case, why should I pay back the money?"

Of course it's because of the credit check!

Carter almost blurted out, but then shut up.Indeed, later generations saw more of small unsecured loans, so they subconsciously thought of using unsecured loans to expand their business.However, the issue of recall
But now that he thought of the small loan for future generations, Carter realized another brilliant idea: installment repayment!
As mentioned earlier, there is almost no installment repayment for this year's loan.How many years are borrowed, and when the time limit is reached, the principal and interest will be repaid in one lump sum.In this way, for the borrower, it is a lot of pressure to take out a large sum of money at a certain point in time; similarly, for the lender, that is, the bank and the lending institution, it is convenient to do so. Fund recovery, but it is not easy to make a fuss about interest rates.

After all, the interest to be repaid at one time is divided by the principal and the number of years, and it is easy to find out what the actual interest rate is.As for the installment repayment, especially after some tricks such as equal principal and interest come out, [-]% of the borrowers actually don't know what standard of interest they are repaying at all.

I just took a quick look, hey, the monthly repayment seems to be not much, so I can afford it!So I borrowed money in a daze.There are many more things that can be manipulated here. For example, if you forget to pay it back one time, if there is overdue, there will be penalty interest, right?How much is the penalty interest?How much is the penalty interest plus your original principal and interest?
Carter himself can't figure out the way to do this, but just looking at the future, almost no matter what platform has opened his own micro-loan business, he knows that the profit here is definitely a huge number!

As long as the repayment problem of these years can be solved, this kind of small loan business is definitely another super-value profit point besides the increase in the federal funds rate!Moreover, the two seem to be linked together.
(End of this chapter)