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Hi, perhaps you have to do research before start a lending business. Make sure you understand with administration procedures and law enforcement.
Report Debbie's answer
The largest hurdle with micro lending currently is the high interest charges, roll over charges being charged, if you can find a way around that then there is potential in that "niche", you can also look into DeFi (Decentralised Finance) and see how it can play into the micro lending space
Report Cyrus's answer
In some situations, socio-cultural hurdles deter success- its a moral challenge to be overcome, and persist only if the results are worth and with due respect to self also [in terms of health, your future wellbeing and progress]. Connecting with support systems that believe in your cause for this work could be effective
Report Reshma's answer
I think you must cooperate with government to start Micro lending company.