[image credit: hapinoy.com]
The repayment of a microfranchise loan relies on the business acumen of the borrower
As microfinance continues to grow, lenders screen potential borrowers to attempt to find the best credit risks, but this is a reactive process. Many lenders are looking for ways to actually improve a borrower's ability to do business (and repay the loan).
Solution: Put all borrowers through a business management course
Hapinoy franchise store owners learn best practices on key retail essentials such as inventory management, store efficiency and branding. They achieve better negotiating power for merchandise, financing and even technology. Some stores are already planning to install internet kiosks to provide their communities with much-needed online access. The social community factor has been retained as well: stores allocate space on the walls for posters promoting local events and seminars.
- hapinoy.com | Hapinoy–The Microfinanced Franchise Model | Hapinoy