The concept of «loan» is quite extensive. On the website http://usapaydayloans.info/reviews/check-city-review-online-payday-loans/
find out more. In the simplest case, a loan is a transfer of ownership of money and other material assets from the lender to the borrower on the terms of subsequent repayment after a certain time period. In a more detailed sense, the definition of a loan can be formulated as follows:

A loan is a type of relationship in which one party transfers money or other values formed by generic characteristics to the other: weight, measure, number, etc.the Borrower undertakes to return a similar amount or other property in the amount, of the same kind and quality, in which it was taken for temporary use.

As for the services of MFIs and other financial institutions, in th...