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What are individual loans?

individual Loans
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What are individual loans?

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This loan product provides loans to individuals who become solely responsible for the repayment of interest and principle. These loans are often supported by guarantors or may even be collateralized. Individual loan sizes are typically larger than those of group loan products. Individual loans are made to clients who have an established history of repayment and can now utilize larger loans or clients who reside in countries/regions where community banking is not feasible.

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