There has never been so many innovative ways to get a loan as there are today. The credit crunch has hit many consumers hard and many have been unable to attain bank loans because of it. However, in times of crisis, innovation tends to flourish.
Since the recession hit, concepts of collateral-free microcredit, online startup micro-financing and mico-lending have all become popular topics. People are innovating to help others out in their time of need and in the process, they are starting up very promising businesses.
The economic state of the world may seem uncertain, but savvy entrepreneurs who take advantage of this financial climate are sure to prosper (and maybe even change the lives of those who need help). These ways to get a loan are truly inspiring.
16 Innovative Ways to Get a Loan
From Collateral-Free Microcredit to Student Loan Micro-Lending:
Shelby Lee Walsh — Apr 6, 2011 — Social Good
14
Lebanese Liposuction Loans
First National Bank Promotes Plastic Surgery
13
Microfinance Investing
Kiva.org Lets You Become a Banker to the Poor
12
Ebay Ventures Into Microfinance
MicroPlace.com
11
Co-Branded Loaner Cars
Fiat 500 Edition Ferrari
10
Federal Help Sites for Homeowners
MakingHomeAffordable.gov Aids Fannie Mae & Freddie Mac Mortgages
9
Credit Crunch Netrepreneurs
‘Robin Hood Marketing' Takes a Social Networking Slant
8
Billion-Pound Borrowing
The UK's Olympic Village Loan
7
Fashionable Micro-Lending
Benetton's Global Campaign to Support Birima
6
Collateral-Free Microcredit
Muhammad Yunus's Grameen Bank Has Revolutionized Finance
5
Online Startup Microfinancing
ProFounder Leverages Family and Friends for Seed Money
4
Student Loan Micro-Lending
Kiva Student Loans Let You Fund a Student's Education
3
$85 Billion Loans
AIG Bailout “The Most Radical Intervention” in History
2
Alternative Loan Products
Fair Finance Offers Affordable Banking to Urban Populations
1
American-Based Microlending
ACCION Chicago Provides Financial Access to Small Business Owners
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Accessible Skincare Gadgets
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Startup Idea Newsletters
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New Tech Product Announcements
Apple Unveiled New Products at a Recent Event
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Niche Private Market Funds
Pursuit Asset-Based Income Fund Targets Niche Market Funds
Accessible Mobility Financing Initiatives
CA Auto Bank Partners with Olmedo Special Vehicles
Heartfelt Bank Ads
Synchrony Bank’s Lemonade Stand Campaign Spotlights the Power of Saving
Accessible Credit Card Guidelines
UK Finance Has Launched a New Accessible Cards Code of Practice
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Social Finance Ecosystems
Venmo blends payments, rewards, and social discovery features
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Wristband Balance Donations
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