Individual money lenders

A lender is any institution or individual who loans borrower money. There are a number of
types of lending organizations, including educational lenders, commercial lenders,
hard money lenders, lenders of last resort, and mutual organizations. The most traditional
type of lender is a commercial lender. Often a commercial lender is a banking institution,
though it may also be a private financial group. This type of lender makes an offer to the
borrower of certain terms, including interest rate and length of loan, with the goal of
maximizing their profit in relation to the borrower's risk of defaulting on the loan.

Often a loan is brokered, meaning that the borrower is evaluated by a third-party who then
proposes the loan request to a number of different lenders. These lenders are chosen based
on their likelihood of accepting the particular borrower, and may negotiate small changes in
the terms to attract the borrower if they find her desirable.

Retail store
Of French origin, the word "retail" refers to "sale in small quantities." Retail stores
are business establishments that sell goods and merchandise to consumers or
other businesses.

Business Aspect
 a retailer purchases the goods in large quantities from manufacturers at wholesale prices
and then sells the merchandise to consumers at higher unit or retail prices.
Franchising
 a franchiser grants an individual or group the right or license to distribute and market its
products and trademarks for a certain percentage of the sales.
Types
 Retail stores include, but are not limited to, boutiques, department stores, emporiums,
markets, outlets and discount houses. In addition, they can be located in residential
neighborhoods, shopping streets or strip malls.

Pawnshop

The word pawn is derived from the Latin pignus, for pledge, and the items having
been pawned to the broker are themselves called pledges or pawns, or simply the collateral.
If an item is pawned for a loan, within a certain contractual period of time the pawner may
purchase it back for the amount of the loan plus some agreed-upon amount for interest. The
amount of time, and rate of interest, is governed by law or by the pawnbroker's policies. If
the loan is not paid (or extended, if applicable) within the time period, the pawned item will
be offered for sale by the pawnbroker/secondhand dealer. Unlike other lenders, the
pawnbroker does not report the defaulted loan on the customer's credit report, since the
pawnbroker has physical possession of the item and may recoup the loan value through
outright sale of the item. The pawnbroker/secondhand dealer also sells items that have been
sold outright by customers to the pawnbroker or secondhand dealer.

A savings bank
A savings bank is a financial institution whose primary purpose is
accepting savings deposits. It may also perform some other functions.

A banking association which accepts customer deposits and funds mortgages.

A bank that receives and invests the savings of private depositors and pays interest on the
deposits.

Rural bank
These are government-sponsored or assisted banks (which are privately engaged and
largely privately-owned) that provide credit facilities on reasonable terms to farmers and
merchants, or to cooperatives of farmers and merchants, or in general, to the people of the
rural community. They are classified into those with and without authority to accept demand
deposits.

Rural banks do the nation a great service that people in the cities seldom give a thought to.
They serve a market segment big banks don’t want to be bothered with. The money of the
farmers, rural businesses and agricultural and fishery entrepreneurs that make up that
market segment is too small—and therefore too expensive—for the large commercial banks
to attend to.

Development bank

DBP services various sectors of Philippine society, from farmers to businessmen. Although
the Philippines has an economy largely dependent on agriculture, something that Landbank
addresses, DBP aims for national development through financing the various businesses and
economic sectors that keep the Philippine economy afloat. Like Landbank, it provides the
services of a regular universal bank; however, it is officially classified as a "specialized
government bank" with a universal banking license.

The Development Bank of the Philippines is the country's most progressive development
banking institution.

Through the years, DBP has been a key player in nation-building by assisting critical
industries and sectors, promoting entrepreneurship particularly in the countryside, helping
build more productive communities, advancing environmental protection and contributing to
the improvement of lives of Filipino across the nation.

Insurance companies
Excess line insurance companies (also known as Excess and Surplus) typically insure risks
not covered by the standard lines market. They are broadly referred as being all insurance
placed with non-admitted insurers. Non-admitted insurers are not licensed in the states
where the risks are located. These companies have more flexibility and can react faster than
standard insurance companies because they are not required to file rates and forms as the
"admitted" carriers do. However, they still have substantial regulatory requirements placed
upon them. State laws generally require insurance placed with surplus line agents and
brokers not to be available through standard licensed insurers.

Lending corporations

There are many national lending corporations competing for business in the huge financial
market. They have to adopt many strategies to have their market presence felt across the
widest possible range. They advertise various ways of contacting them through billboards,
television, radio, pamphlets, and other innovative ways to attract the attention of the
people. Most lending companies can be reached over the phone, the Internet or by visiting
their local offices.

National lending corporations have loan officers, underwriters, assessors and other support
professionals who are linked together as a part of loan providing machinery. They have loan
officers who generate business for the company by making potential customers aware of
their products and securing their business. They have assessors and underwriters to
determine the amount of risk the lending company will be taking in advancing the loan to
the applicant. This assessment is done based on the credit history and payment record of
the borrower, the term of the loan chosen, and the down payment made.

National lending corporations operate on a large scale and offer loan programs besides
conventional plans. They have specialized professionals to monitor the business generated
through people with bad or no credit rating. Lending companies provide help and counseling
to their customers regarding the type of loan that is best suited to their needs and budget.
They also help them decide their payment plans and rates.
Cooperatives

is a business organization owned and operated by a group of individuals for their mutual
benefit.[1] Cooperatives are defined by the International Co-operative Alliance's Statement on
the Co-operative Identity as autonomous associations of persons united voluntarily to meet
their common economic, social, and cultural needs and aspirations through jointly owned
and democratically controlled enterprises.[2] A cooperative may also be defined as a
business owned and controlled equally by the people who use its services or by the people
who work there. Cooperative enterprises are the focus of study in the field of cooperative
economics.

A type of common property ownership, such as when the residents of a multi-unit housing
complex own shares in the corporation that owns the property, rather than owning their own
units. Also called co-op.

A cooperative, or "co-op," is a business that is owned and controlled by its members, each of
whom votes on management decisions. Co-ops are not designed to make profits for
investors, but to provide the goods or services their members want. Cooperatives are
usually started by individuals and/or organizations to produce or obtain what they can't
find--or find affordably--through other, more conventional vendors.

Commercial bank

An institution which accepts deposits, makes business loans, and offers related services.
Commercial banks also allow for a variety of deposit accounts, such as checking, savings,
and time deposit. These institutions are run to make a profit and owned by a group of
individuals, yet some may be members of the Federal Reserve System. While commercial
banks offer services to individuals, they are primarily concerned with receiving deposits and
lending to businesses.

cooperatives

Advocates of producer cooperatives claim numerous comparative advantages over what is

generally referred to as a classical firm (CF). The proposed advantages extend to a host of
theoretical issues. Many overlap the separate disciplines of labor economics, industrial
management and organization theory, investment and finance, and property rights theory.
Academicians have devoted significant amounts of research and analysis to such issues as
(1) the absence of "shirking" by workers in producer cooperatives; (2) superior productivity
rates that result from the extension of democratic principles into the cooperative workplace;
(3) the lack of unnecessary supervision due to the "horizontal monitoring" performed by
cooperative members; and (4) the pursuit of cooperative employment and output strategies
that are less sensitive to business cycle fluctuations.
Still other cooperative advocates simply emphasize the overall psychological and social
influence exerted by the set of worker-control parameters. These are thought to have a
transformational quality that converts adversarial relationships common to most CFs into an
atmosphere of cooperation. The logic of cooperative theory unfolds thusly: once worker
members begin to identify their individual and collective efforts with their firm's enhanced
performance, an atmosphere of cooperative problem solving takes root. As a result of this
more communicative workplace, improvements in production methods result from an
upward or horizontal flow of information originating from the shop floor. With heightened
satisfaction spreading throughout its membership, lower worker turnover and absenteeism
result and members build task-specific expertise.

Individual money lenders

A moneylender offers small personal loans at high rates of interest, usually higher rates than
the market rate charged on credit cards or on bank overdrafts. Moneylenders are an
important source of credit to a category of borrowers who would normally be refused credit
by most financial institutions because their income may be at or below the poverty threshold
or whose credit score indicates that the borrower might be unable to repay the loan

retail store

Retail consists of the sale of goods or merchandise from a fixed location, such as a
department store, boutique or kiosk, or by mail, in small or individual lots for direct
consumption by the purchaser.[1] Retailing may include subordinated services, such as
delivery. Purchasers may be individuals or businesses.

pawnshop

place to pawn things: a shop where articles of personal property may be left as security in
exchange for a loan of money

savings bank
A savings bank is a financial institution whose primary purpose is accepting savings
deposits. It may also perform some other functions.

rural bank
a rural bank is a financial institution that helps rationalize the developing regions or
developing country to finance their needs specially the projects regarding agricultural
progress

A multilateral institution that provides financing for development needs of a regional group
of countries. National or regional financial institution designed to provide medium- and long-
term capital for productive investment. Such investment is usually accompanied by
technical assistance. Some development banks are government-owned and -operated, while
others are private.

A company that offers insurance policies to the public, either by selling directly to an
individual or through another source such as an employee's benefit plan. An insurance
company is usually comprised of multiple insurance agents. An insurance company can
specialize in one type of insurance, such as life insurance, health insurance, or auto
insurance, or offer multiple types of insurance.

Lending Company shall refer to a corporation engaged in granting loans from its own capital
funds or from funds sourced from not more than nineteen (19) persons. It shall not be
deemed to include banking institutions, investment houses, savings and loan associations,
financing companies, pawnshops, insurance companies, cooperatives and other credit
institutions already regulated by law. The term shall be synonymous with lending investors.

A cooperative is a duly registered association of persons with a common bond of interest,

who have voluntarily joined together to achieve a lawful common social or economic end,
making equitable to contribution to the capital required and accepting a fair share of the
risks and benefits of the undertaking in accordance with universally accepted cooperative
principle.

A commercial bank is a type of financial intermediary and a type of bank. Commercial

banking is also known as business banking. It is a bank that provides checking accounts,
savings accounts, and money market accounts and that accepts time deposits.