Sitting in a small, dimly lit café, you tap away at your laptop, finalizing the launch of your micro-lending platform. This is more than a business; it's your mission. Your first customer is on the line, and three choices lie ahead of you. (Still need: $50,000 in loans issued to reach your next milestone) a. Offer a Low-Interest Rate: Attract initial borrowers by promising lower interest rates than banks. b. Referral Program: Encourage word-of-mouth by giving small discounts for every new customer referred. ***munity Event: Host a networking event to introduce your platform to local leaders and potential investors.
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