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Tag Archives: online loans

Whether Regulation of Online Loans May Bring Positive Results

Campaign against online loans has gained momentum. Namely, issuance of online loans will be banned or curbed by regulations. Prime Minister Giorgi Kvirikashvili announced this decision at a government meeting several days ago. Later, vice Prime Minister and Minister of Finance Dimitri Kumsishvili noted that this sector would be subdued …

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Four Million Online Loans Registered in Georgia

Why Credits in Georgia are Rising in Value

Four million online loans have been issued in Georgia, Ani Alibegashvili, financial analyst for the Society and Banks organization told the Saqme (Business) program of the Radio Palitra. Ani Alibegashvili has submitted CreditInfo indicators. “This happens when, according to the last census, only 3.720 million persons live in Georgia, including …

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Online Loans Must Be Banned!

Online loans must be banned! – a major part of the surveyed respondents provided this answer to the question: How should be online loans regulated? Public discontent towards the online credit organizations grows along with rising online credit borrowings. Experts stress that the Georgian government should regulate this field in …

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Banking and Finance Survey: 69% of Readers Demand to Ban Online-loans

"Banking and Finance" Survey : 69% of Readers Demand to Ban Online-loans

The majority of “The Banks and Finance” readers demand to ban online-loans in Georgia. According to the newspaper, along with the rise in popularity of online-loans, public discontent is growing in this regard. The expert circles have been actively discussing the introduction of regulations in the sector. In the period …

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Surrounded By Online Loans

Surrounded By Online Loans

The Market is out of Control and Harmful for Economy and Population Economic experts are giving the alarm as the quantity of organizations issuing online loans grows. They urge the Authorities to adopt the law on crediting business as soon as possible. Growth of similar organizations in quantity cannot develop …

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