Finance for Small Business, Challenges faced by Small Business Owners
Finance for Small Business
Loan for Business Startup, Finance for Small Business – Issuing money to people has become a more common business among each and every individual nowadays. It is even the most profitable one and hence many people are attracting towards it. But the thing here is it is a business, till that there is no problem but when it comes to a context of imposing greater amounts of interest to such money is really a hard thing to listen and even to digest that harsh truth it merely takes a great time for a human being.
This particular type of situation has been occurring in the villages where the people, not much aware of the facts and situations that they will face in case of any bad that happened to them and that they could not pay their monthly interest or fail to pay their money back in time. These people mainly concentrate on the people who are in great need of money. Many people will take money from them not concentrating the amount of interest that will impose on them. According to them they only need their work to get complete and they mostly think that they could return the money to the owner in time.
We can come across these kinds of situations in the case of farmers taking money from the Financiers who impose a huge amount of interest. Most of the Farmers don’t know the interest and the hardships that they are going to face if they fail to return back the money on time. In case if they fail to pay the interest at the end of every month no one can personally understand the situation of the particular farmer.
They neither get their plant in an appropriate way that they expected it to come and rather than this difficulty they cannot even be able to maintain their family and in turn their interest goes on increasing and the burden goes on increasing. In such situations, the poor farmers take a decision of suicide to go away from all the problems. So in this way financiers are being the cause of the death of some poor farmers.
This is an illegal way and the judiciary system and many laws oppose such people. This is not meant that pursuing business in such way is a bad thing, but it is that imposing a great interest on the name of finance is a bad thing. There are also some bounds of imposing the interest to follow while doing such business. Of course yes while starting one business the person’s main aim is to achieve profit. So, while being a financier one should maintain some rules.