We can give out loans just to owners of Economy Fixers to a max of 5k.
We could wait for sometime until the bank has plenty money to start giving out huge loans
if we want to make money on it yes we need loans and if we want to actually have any deposits we need interest and without loans we would lose money
Definitely, also it would best be a long term deposit bank, where you deposit, and can not withdraw for a some time and it grows fast.
What would we do to ensure loan safety, as in people don't fail to pay back
Give out only small loans and look at their credit score?
Max $500 if no credit score. High interest for lower credit scores.
i dunno maybe high daily installments? or low daily installments if it's long term
Quoting spacetinker:
i dunno maybe high daily installments?
Wouldn't that discourage them from paying, they could start other accounts
