South African Microloan Market Analysis
Budget: $10 – $11 USD
The purpose of this research assignment is to study the microloan market in South Africa by modeling the process of obtaining a short-term microloan. It is required to document all stages of the loan receipt process, including fees, accruals and interest rates.
Conditions:
1. You must reside in South Africa
2. You must have a mobile phone number that starts with +27
You need to register and go through all the registration steps in three products:
wonga: https://www.wonga.co.za /
aloan (mobile application): https://aloan.co.za /
lime: https://www.lime24.co.za/
How to complete the task:
1) You visit a website or install a mobile application
2) Select the loan amount and date on the calculator
3) Enter all the personal data required to obtain a loan: identification number, address, financial information and other necessary documents
4) Wait for the notification from the microloan provider about the status of the loan application.
5) After approval, carefully read the terms of the loan agreement provided by the credit institution, provide electronic consent to the terms set out in the agreement
6) Take screenshots of each stage of registration, send all the documents that you will confirm during registration, tell us in detail about all the commissions and percentages that the credit provider will charge for obtaining a microloan
Conditions:
1. You must reside in South Africa
2. You must have a mobile phone number that starts with +27
You need to register and go through all the registration steps in three products:
wonga: https://www.wonga.co.za /
aloan (mobile application): https://aloan.co.za /
lime: https://www.lime24.co.za/
How to complete the task:
1) You visit a website or install a mobile application
2) Select the loan amount and date on the calculator
3) Enter all the personal data required to obtain a loan: identification number, address, financial information and other necessary documents
4) Wait for the notification from the microloan provider about the status of the loan application.
5) After approval, carefully read the terms of the loan agreement provided by the credit institution, provide electronic consent to the terms set out in the agreement
6) Take screenshots of each stage of registration, send all the documents that you will confirm during registration, tell us in detail about all the commissions and percentages that the credit provider will charge for obtaining a microloan