public limited company incorporated under the Company’s Act (Chapter 21:03) of the laws of Zimbabwe at the request of funders, particularly the Microstart and Social Dimension Micro Enterprise Programme and Hivos-a Netherlands donor. Nissi’s Senior Management together with a determined Board of Directors led the start-up and expansion of this profitable donor funded project which grew from one branch to twenty-three branches nationwide during the pre-dollarization era. Nissi global has now expanded
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Introduction: The Gatwick Gold Corporation business credit proposal brought Wellfleet Bank with an opportunity to obtain a highly profitable deal and conduct a new and long-term relationship with the third-largest gold producer in the world, and a number of “broader issues” at same time. Corresponding to the attitude the Chief Risk Officer Cromwell holds for risk, ensuring the risk infrastructure is growing with business opportunities at same speed. Identifying and measuring all risks involved in
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[pic] |Background | BASIC Bank Limited (Bangladesh Small Industries and Commerce Bank Limited) registered under the Companies Act 1913 on the 2nd of August, 1988, started its operations from the 21st of January ,1989. It is governed by the Banking Companies Act 1991. The Bank was established as the policy makers of the country felt the urgency for a bank in the private sector for financing small scale Industries (SSIs). At the outset, the Bank started as a joint venture enterprise
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The article by Robert A. Modansky and Jerome P. Massiminom mainly discusses the features and rationale of three asset-based financing methods-revolving lines of credit, purchasing order financing and factoring and further introduces how to account for them according to U.S. GAAP. Companies that are highly-leveraged or do not have the credit rating or track record to qualify for bank financing now find asset-based lending a pleasant choice instead of the financing option of last resort. The main difference
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defines as the commercial production and sales of goods and services; industrial management as distinguished from labor. Arrow Financial Services LLC (AFS) is part of the Sallie Mae (SLM) family and a nationally recognized leader in the receivables management industry with over $ 16 billion in consumer debt under management. AFS offer a full range of recovery solutions across a variety of asset classes including credit cards, student loans, utilities, telecommunications, retail, and automotive. AFS
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MF 820: Management of Financial Institutions Hong Kong Disneyland Finance Ron Shell Jiang Jiang Zhaojie Wang On August 10th 1999, Disney awarded the sole mandate to Chase Manhattan Bank for the Hong Kong Disneyland financing of HK $3.3 Billion. We believe this decision was beneficial for both parties. For Chase, the rewards included underwriting fee, interest payments, being a part of a big loan-financing project in Asia and developing networks and relationships with Asian governments and companies
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Business Loan vs. Business Line of Credit 1.Business loans are used one time whereas lines of credit can be used multiple times. 2. "When" you get a loan is different from "when" you get a line of credit. A loan is normally not something you would get until you need it because it's normally for one specific purpose. A line of credit is something you obtain before you need it. Remember the line of credit, unlike a loan, is not for one specific purpose. 3. With a loan you have a monthly payment
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Abstract This study focuses on demand of P2P market among SMEs and consumer market. The researcher has developed a framework based on how peer to peer lending platforms are important for SME’s and what are the governmental regulations to promote online lending platforms, how SMEs play an important role in the development of economy, how important is the peer to peer platform to them and the future position of peer to peer market in Singapore. The focal point lies on the demand of peer to peer lending
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proprietor, has approached the Commercial Bank of Ontario in order to obtain an additional $194,000 bank loan and a $26,000 line of credit. Paul owns and operates a general merchandising retailer in Riverdale, Ontario named Lawsons’. The bank loan is needed for Mr. Mackay to reduce his trade debt that has a sheer 13.5 per cent interest penalty. The line of credit is needed for sales seasonal downfalls so that Mr. Mackay could properly manage those tough months. Jackie Patrick, a first time loans
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Reject inference applied to large data sets Introduction One of the most common use of reject inference technique is negotiation and application scoring. When prospective customers approaches a bank for a loan, it is important to evaluate their credit worthiness or rather if they are likely to default on the loan. Therefore, appropriate models are usually applied, which are pegged upon the bank’s previous performance, and on discovering the fundamental characteristics that could be useful in establishing
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