What is micro loan?

[Kevin29]

Anyone?

[1714569813]

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[1714569813]

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[1714569813]

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[1714569813]

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[Woshib]

Micro loan is a small loan in Bitcoin that someone give you, to repay with interests, most require collateral, and most require to have a good rank on Bitcointalk.
Look here:
https://bitcointalk.org/index.php?board=65.0

[zeaderza]

A microloan is a small amount of bitcoin.If you find a lender and you want a microloan you can request ~1mbtc-10 mbtc.

[Velkro]

Micro loan is a small loan in Bitcoin that someone give you, to repay with interests, most require collateral, and most require to have a good rank on Bitcointalk.
Look here:
https://bitcointalk.org/index.php?board=65.0

Micro loan is just small loan, nothing magic/secret here.
Be extra caucious while lending/loaning, check interest rates etc.

[thend1949]

Anyone?

Micro loan is loan that small amount of bitcoin.
But here you need to have a collateral so that many lenders want to give you a loan.

[Leonard2016]

why doesn anybody want to take a micro loan anyways?

i don't really get it, you see people asking for a very small amount of money as loan!

[Mumbeeptind1963]

why doesn anybody want to take a micro loan anyways?

i don't really get it, you see people asking for a very small amount of money as loan!

They take a micro loan because they need it because they dont have that amount of money or they money is not enough fir they want to buy.
Thats only the reason why

[Cyaren]

Anyone?

Well, a micro loan is basically a loan that is small in amount. It's usually around BTC0.1 or less. Some lenders prefer to diversify their loans to avoid having to deal with big loans which has big potential to go scam.

Hope this helps.

[bitkilo]

Anyone?

Well, a micro loan is basically a loan that is small in amount. It's usually around BTC0.1 or less. Some lenders prefer to diversify their loans to avoid having to deal with big loans which has big potential to go scam.

Hope this helps.

With the price the way it is now i wouldn't call 0.1BTC a "micro loan" anymore, maybe 6-12 months ago it was but now i think about 0.01BTC would even be a large micro loan.

[medevlo]

Anyone?

Well, a micro loan is basically a loan that is small in amount. It's usually around BTC0.1 or less. Some lenders prefer to diversify their loans to avoid having to deal with big loans which has big potential to go scam.

Hope this helps.

With the price the way it is now i wouldn't call 0.1BTC a "micro loan" anymore, maybe 6-12 months ago it was but now i think about 0.01BTC would even be a large micro loan.

yes as the price is so high now we cant say it as a micro loan ! its a small amount of loan like 0.005 or 0.01 also and paying small amount of interest while returning too !

[wintermeasures]

Anyone?

Micro loan is a loan in this case (bitcoin) by the number ketch. The concept is the same as borrowing money, just that it's different if micro to small quantities. Thank you

[Mastsetad]

A loan is an amount taken from someone to be returned with an interest of some percent.
So a micro loan will be a small amount borrowed by someone to be returned with an interest.

[nizamcc]

Micro loans are loans that are considered small in size here, typically loans under BTC0.05 are micro loans.
Some even provide much lesser loans like BTC0.001 - 0.005.

[JITENDERPAR]

Micro loans are small amounts of Bitcoins which is taken as loan. Micro loans Vary from 0.001-0.01 Bitcoins....