Using a trust as collateral for a loan can initially seem challenging when the real estate is held in an irrevocable trust. Traditional financing from banks or other large institutional lenders is typically not
AN INSTRUCTIONAL CASE IN USING RECEIVABLES AS COLLATERAL FOR A LOANdoi:10.1016/S1574-0765(05)10008-9S. MintzM. NourayiEmerald Group Publishing Limited
Thus, our findings could be ascribed to factors such as lack of collateral and unfavorable loan repayment plans (Yegoh and Kosgey, 2013). The interviewed household heads had a mean age of 54.98 and 52.52 in Gatanga and Meru South, respectively (Table 3). The average household size in Gata...
The group discussions showed that using land certificates as collateral, farmers can get loans ranging from 2000 to 5000 Birr (USD 105–265) (Birr is Ethiopia's national currency; one Birr equaled approximately USD 0.0494 at the time of the study) at an interest rate of 10% for 12 months...
kn=73&locale=en (Accessed: 21 December 2023) A mortgage refers to a housing loan taken out to purchase a house, with the house itself serving as collateral for the loan. 6 The law for mortgages for the housing finance was put into effect as of March 6th, 2007,...
In that case, you may consider a secured credit card. If you're approved for a secured credit card, you deposit an amount of money upfront as a form of collateral to the lender. You can rebuild your credit with responsible use, like repaying your balance in full on time each month, ...
Would You Believe That Walt Disney’s Magic Kingdom Wouldn’t Even Exist Today If He Didn’t Have A Well-Funded Permanent Life Insurance Policy To Borrow Against? Even Though Walt Could Never Convince The Financiers That Disneyland Was Feasible, Because Dreams Offer Too Little Collateral. Fortun...
the availability of capital depends on the area of land, the other assets and the risk behaviour. If both the factors and the opportunity for a product are favourable the farmer may decide to practise only one, or several components depending on his personal context, his vision on the rela-...
In China, farmers have severe credit default challenges for several reasons. First, farmers often have unexpected setbacks, making prompt repayment difficult (Skees et al., 2007). Moreover, Chinese farmers lack sufficient collateral, as the state owns rural land through local collectives, hence, ...
In addition, given the influence of land market reform, land can be used as an important financial tool to attract foreign investment; it can also be used as collateral for a bank loan [18]. The land system makes local governments the only legal supplier of non-agricultural construction land...