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Alex Socorro

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Femzziy LogoOdunayo James Recent answer authors
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Odunayo James

No. Bank should not reduce their requirements before lending money, when we are talking about visibility, visibility is to have the details of the person that want to lend money, the kind of business the person want to use the money do or, what the person want to use the money for. And the capability of that person Before bank can lend person money. So the requirements from bank is not too much .

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I won’t say bank should reduce their money lending requirements because it can make them run at loss. What I think they should do is to reduce the requirements for people that want to use it for business with future prospect. The reason I used the words f”prospect” is because some people lend money to do businesses that the future returns are not feasible.

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