What are the types of loans provided by banks that contribute to raising the economic situation of the country, especially in developing countries
Try Microcredit and Microfinance streams of studies if you have not done it yet.
The most famous author is M. Yunus
The greatest crippler of lending in developed countries is corruption. It makes otherwise creative and effective loans worthless. Lending directly to entrepreneurs who add value and create wealth and employ people is by far the most effective lending.
The question of what sectors might benefit the most varies by country. I'd suggest two general criteria:
1. most insulated from corruption
2. business that can set precedents and create inspirational models
Loans for young entrepreneurs ill Whether they are loans for small projects or loans for large projects The important is to employ young people and develop their talent and creativity
Economic, housing, consumer and other loans granted on the basis of a thoroughly conducted risk management process, on the basis of corporate social responsibility, business ethics, unaffected credit costs and the bank's failure to use information asymmetry.
Regards,
Dariusz Prokopowicz
Sustainable development banking is ideal, in which reliable and constantly improved banking procedures, developed credit risk management systems, IT systems, operational systems, cybercrime in online banking, etc. as well as loans granted on the basis of corporate social responsibility, business ethics, i.e. overpriced credit costs and the bank's lack of information asymmetry, mean that banks play an important pro-development role in the developing economy. In this situation, banks are prosocial institutions and the risk of a financial crisis is very small. For the banking system to operate in such a formula, it is necessary to improve the control system and institutions supervising banks, which continually and permanently verifies whether banks operate according to the above principles, or adapt their product offers, procedures and IT systems to developing information, internet and industry 4.0 technologies . This is important because in the current era of the growing importance of the Internet, it is not enough to offer loans via the Internet as part of electronic online and mobile banking. Banks should do it safely, i.e. so that they and themselves do not expose themselves to the high risk of cybercrime and not to generate unnecessary costs and offer credit and other products on partner terms, taking into account not only their business goals but also the financial security of clients.
Have a nice day, Regards,
Dariusz Prokopowicz
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