Over the last 12 months, Equities First has seen a different generation of borrowers. For starters, borrowers are now between the ages of 18 and 28. Traditionally, older people were more prone to borrow funds than younger people. Moreover, this new generation of borrowers has been changing the way loans are given and paid back and read full article.
Many young people have been able to secure stock loans as an alternative to traditional loans. The main reason why these people have been choosing stock loans is due to all the trouble banks are giving young people who need a loan. Credit scores need to be at an all time high to secure a loan from a traditional bank, interest rates are at an all time high, and borrowers have a hard time agreeing to the terms of a loan.
Stock loans are give out for an average of a two year period. The shares of the borrower are listed as collateral for the loan. That is why a stock loan is so easy to get, and the interest rates on stock loans are very low.
Equities First is a company for the people. It exists to help people get loans when traditional institutions say no to them. Equities First has a big operation in South Africa. Before Equities First arrived, majority of people within South Africa did not even know a stock loan existed. Equities First was able to deliver this knowledge in common terms, and today many people are getting loans; some even with no interest at all.
Equities First is planning on expanding in the region of Africa. Representatives of Equities First want to reach more people in Africa. This is mainly because this is one of the poorest countries in the world. Equities First believe securing funds to go to school or build a business will change this and contact it.