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India’s garbage turns out to be Goldmine for Foreign Investors: Here is How!

Microfinance provides women from low-income groups funding for which they get comparatively quick results

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widespread garbage on the streets~pixabay
  • Severe problem of garbage disposal and widespread scrap on the streets
  • ScrapApp,a startup aims at recycling the garbage trash from other waste
  • Startups get most of their funding from overseas  investors,the concept of social entrepreneurship still unknown to Indian population

MUMBAI, 24 SEPTEMBER, 2016: ScrapApp founded in 2015 is an app which helps the customer find out what their scrap is worth. It’s an initiative to make Indian streets clean  and bearable to walk on by recycling the garbage. Masked workers from ScrapApp daily separate the recyclable debris from the trash at DLF Mall, the largest mall in India giving the startup a kick in their business.

Vidhur Bakshi, 27, CEO of ScrapApp said that they get most of their funding from foreign investors because social entrepreneurship isn’t  yet popular in India.Other startups have mutual opinions on this matter.The reason behind this is that even if Indians do invest, they expect breakneck returns, mentioned HuffPost report.

The Scrap App. Twitter
The Scrap App. Twitter

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The Global Social Entrepreneurship Network (GSEN) and UnLtd, foundations for social entrepreneurs when carried out a poll found out that the lack of awareness of the public about social entrepreneurship and funds made it challenging for them to make the move and grow their profit,non-profit business.

Though a difficult task, but some startups which have helped people have access to water,sanitation etc have helped in easing the task of finding investors and thus more and more businesses are ready to fund this sector,a sector that which targets at bringing renaissance in the society and mindset of people,a society where recycling garbage is not included as a part of formal sector

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India comes under one of the countries(other than Canada,Singapore,The United States) where it is easiest to access investment.Experts claim that India can play a significant role in developing the domestic lives as well as use similar business ideas in bettering the social conditions in Africa.

Anurag Agrawal, CEO of Intellecap  told the Thomas Reuter’s Foundation that if an enterprise invests in a startup which is backed by a professional team and focused funds there are no chances of the investors suffering a loss. On reviewing many Indian startup Ceo’s, their views on this topic was that nations like the USA and Singapore are eager to  provide financial help to Indian startups focusing on societal development.

Experts say that there is one sector where the Indian enterprises are keen on investing- microfinance. Microfinance provides women from low-income groups funding for which they get comparatively quick results. Some of the top microfinance institutions are-Annapurna Microfinance Pvt Ltd, Arohan Financial Services Pvt Ltd etc.

Since the masses are adopting a change with growing awareness of the new generation so is the perspective of the investors who are gradually wishing to help the Indian startups who are trying their best to light a candle  for a better society.

–  prepared by Ashwati Menon of NewsGram. Twitter: @Ashu_phoebe

 

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Benefits And Drawbacks Of Getting Loans

Another load which is common to most of us is the credit cards. Application process for credit cards is fast but the interest rates can be high. Home equity loans are commonly known as mortgages.

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A probate loan is sometimes known as an inheritance loan which someone borrow against real estate assets which the person has not yet has access to. Pixabay

In today’s world, money plays a very important part especially when we need it to get things done. Not everyone is rich with loads of ready cash at hand. In order to have access to the amount of money needed, there are various loans in the market made available to the people in need.

 

These days, we need loans to buy a house, a car, a loan to further our studies, and a personal loan to get through the month such as paying some outstanding bills. There are four types of common bank loans and they are personal loans, credit cards, home equity loans and the small business loans.

 

Personal loans are unsecured and low in value. Lenders usually need proof of assets equal or greater than the loan requested from consumer. The interest rates are generally higher and usually takes a few days to approve the loan.

house
These days, we need loans to buy a house, a car, a loan to further our studies, and a personal loan to get through the month such as paying some outstanding bills. Pixabay

 

Another load which is common to most of us is the credit cards. Application process for credit cards is fast but the interest rates can be high. Home equity loans are commonly known as mortgages. Interest rates for home equity loans are usually low. The interest rates for small business loans are flexible and the terms may vary in both value and length. Getting the approval of such loan may be difficult and the process is usually strict.

 

What happens if the application of a loan with the bank has been rejected? For those who are hard pressed for money, they usually look elsewhere such as private hard money lenders San Diego. These hard money lenders provides types of loans to real estate investors and property owners who are in need of quick and flexible funding options. Their interest rates and fees are usually competitive. Generally, hard money lenders charge high interest rates compared to the bank because they are providing loans which the bank would not provide.

A probate loan is sometimes known as an inheritance loan which someone borrow against real estate assets which the person has not yet has access to. A probate funding is a short term loan which can be an advance on your inheritance, or a loan using your inheritance as collateral. Before taking any loans e.g. probate loans, it is advisable to make sure that you understand the terms and conditions before applying for the loans.

new home
With a bridge loan, the borrower can buy a new home and wait for the existing home to be sold without restriction and at the same time, he or she could gain a few months free of payments. Pixabay

Another type of loan is the bridge loan. Bridge loans are temporary loans taken from bridge loan lenders to cover an interval between two transactions, usually the purchase of one house and the sale of another house. It is actually something like borrowing a down payment on the new home before they sell off their existing house. This might sound like an ideal solution but it has its risk. Before you decide to commit to a bridge loan, it is better to weigh the benefits and the drawbacks of a bridge loan.

Also Read: Britain’s Prince Charles and his Sons to Attend World Premiere of Netflix ‘Our Planet’ TV Series

With a bridge loan, the borrower can buy a new home and wait for the existing home to be sold without restriction and at the same time, he or she could gain a few months free of payments. Bridge loans are usually more expensive than a home equity and the borrower must be able to quality to own two homes. Borrowers have to also consider the cost of two mortgages plus the interest for the bridge loan.