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Akhuwat's loan portfolio consists of 58% male borrowers and 42% female borrowers. [12] The most common type of loan offered by Akhuwat is the Family Enterprise Loan which comprises 92% of Akhuwat's loan portfolio. The loan is intended for the entire family that is involved during the process of appraisal and lending.
The bank's client has a strong incentive to report less profit to the bank than it has actually earned, as it will lose a fraction of that to the bank. As the client knows more about its business, its accounting, its flow of income, etc., than the bank, the business has an informational advantage over the bank determining levels of profit.
However, the Pakistan government claims that Chinese loans will be repaid over 20–25 years at a rate of 2% interest. [445] Pakistan has already started negotiating debt relief from China due to difficulties in repaying the loan and is seeking more favorable payment terms for the projects under CPEC. [446]
The scheme used a system that rewarded users for recruiting more under them. [188] The Central Bank of Sri Lanka had warned the public that MTFE operated in a manner similar to a pyramid scheme. [189] In reality, MTFE did not actually carry out trades. Instead, the bot fabricated profits and losses to make the platform seem legitimate.
Chip and PIN is the brand name adopted by the banking industries in the United Kingdom and Ireland for the rollout of the EMV smart card payment system for credit, debit and ATM cards. Chip and PIN was trialled in Northampton , England from May 2003, and as a result was rolled out nationwide in the United Kingdom in 2004 with advertisements in ...