The project objective is: to produce an inexpensive and scalable alternative pay day loan item. So: individuals residing on lower-incomes can avoid or leave a harmful financial obligation period and begin to construct assets that lead them toward a livelihood that is sustainable.
Design Question: exactly exactly What system or item models would be best in a position to attain the target above? Project Scope:
Ecological Scan and Market Feasibility (roughly 20% of task): the objective of this goal is always to investigate the existence and success of other alternate lending models, therefore the feasibility regarding the two choices described above. The consultant is responsible to within this objective.
Confirm current Calgary market size and earnings information (if available) for main-stream lending that is payday. >Conduct a higher level scan|level that is high of payday lending alternatives currently offered in North American cities (eg BankOn, Van City Fair & Fast Loan, brand brand New begin Canada).