Revolving loans – Sendika12 http://sendika12.org/ Tue, 30 Nov 2021 02:27:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://sendika12.org/wp-content/uploads/2021/10/profile-120x120.png Revolving loans – Sendika12 http://sendika12.org/ 32 32 Spark New Zealand: Finance sets up sustainability loans linked to its environmental and diversity performance https://sendika12.org/spark-new-zealand-finance-sets-up-sustainability-loans-linked-to-its-environmental-and-diversity-performance/ Mon, 29 Nov 2021 22:11:22 +0000 https://sendika12.org/spark-new-zealand-finance-sets-up-sustainability-loans-linked-to-its-environmental-and-diversity-performance/ Spark Finance Limited, the wholly-owned subsidiary of Spark New Zealand Limited which carries out the borrowing business for the Spark Group (“Spark”), today announced that by refinancing three existing loans, it has set up three sustainability-related loans totaling NZ $ 425 million. Stefan Knight, CFO of Spark, says: “When we launched our three-year strategy in […]]]>

Spark Finance Limited, the wholly-owned subsidiary of Spark New Zealand Limited which carries out the borrowing business for the Spark Group (“Spark”), today announced that by refinancing three existing loans, it has set up three sustainability-related loans totaling NZ $ 425 million.

Stefan Knight, CFO of Spark, says: “When we launched our three-year strategy in 2020, sustainability was identified as one of the four strategic pillars. We focus on supporting Aotearoa’s transition to a high productivity, low carbon economy; improving our own sustainable development practices – in particular our environmental performance; defend digital equity; and continue to build a diverse and inclusive culture.

“We have made progress over the past year in all of these areas. Spark was the first digital services company in New Zealand to set a science-based emissions reduction target (SBTi), verified by the Science-Based Targets (SBTi) initiative, to ensure that we are supporting global efforts to keep warming below 1.5 degrees.

“Through our SBTi, we are committed to reducing our absolute Scope 1 and 2 greenhouse gas (GHG) emissions by 56% by fiscal year 30, and we will focus on our supply chain. to ensure that at least 70% of our suppliers, in terms of spending, also have science targets in place by FY 26. We have also assessed and reported the risks and opportunities associated with climate change in the across our operations, in accordance with the guidelines of the Climate-Related Financial Disclosures Working Group.

“Spark is committed to developing a culture that is deeply rooted in diversity and inclusion. Our board of directors and leadership team met our goal of 40:40:20, and across the company , we are moving towards that goal – with women now making up 35% of our workforce.

“By tying our funding to further advancements in these areas, we hope to demonstrate our conviction and hold ourselves more broadly accountable to our investors and stakeholders. ”

The sustainability related revolving loan facilities are with three lenders – Westpac NZ (Westpac) who acted as the sole sustainability structuring coordinator and sustainability finance lenders, Commonwealth Bank of Australia and MUFG Bank. The facilities will be used for general corporate purposes, with Spark receiving a lower interest rate if it meets its sustainability goals and a higher interest rate on the loan if it does not.

Joanna Silver, Head of Sustainable Finance at Westpac NZ, said: “We congratulate Spark for affirming its commitment to its science-based 1.5 degree emission reduction target and also for engaging its suppliers in this adventure. Spark is a strong voice on the need for gender equality in business. Westpac NZ is excited to be able to work with the Spark team to set annual goals to support Spark on its sustainability journey. ”

Spark Sustainability Loan Details:

Target 1: Reduce absolute GHG emissions from Scopes 1 and 2
Spark is committed to reducing absolute greenhouse gas emissions from Scopes 1 and 2 by 56% by FY30, compared to a benchmark FY20. Target 1 is informed by this commitment for FY30 and Spark is taking steps to move forward in this direction.

Target 2: Suppliers setting science-based emission reduction targets (Scope 3)
Spark commits that 70% of its suppliers, in terms of expenditure covering purchased goods and services and capital goods, have scientific objectives by FY 26. Target 2 is informed by this commitment FY26 and Spark is making progress on this one.

Objective 3: Defend diversity and inclusion
Spark continues to promote equality in gender representation as it strives to achieve its 40:40:20 gender representation goal. Target 3 is informed by this commitment and Spark is making progress in this direction.

  • Westpac NZ has been appointed by Spark as the Sole Sustainability Structuring Coordinator and is providing a $ 200 million sustainability loan, with a maturity date of November 30, 2023.

  • Commonwealth Bank of Australia is a sustainable finance lender and provides a sustainability linked loan of $ 100 million, with a maturity of November 30, 2024.

  • MUFG Bank is a sustainable finance lender and provides a sustainability linked loan of $ 125 million, with a maturity date of November 30, 2025.

  • Deloitte provided assurance on Spark’s greenhouse gas inventory and DNV provided a second opinion for loan targets to ensure they meet international principles and standards.

About SBTi

The Science Based Targets initiative is a global partnership that offers a clearly defined path to reduce emissions in line with the goals of the Paris Agreement. SBTi independently assesses and approves companies’ emission reduction targets according to strict criteria.


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148 Bayelsa trainee farmers get start-up loans – The Sun Nigeria https://sendika12.org/148-bayelsa-trainee-farmers-get-start-up-loans-the-sun-nigeria/ Thu, 25 Nov 2021 07:57:14 +0000 https://sendika12.org/148-bayelsa-trainee-farmers-get-start-up-loans-the-sun-nigeria/ One hundred and forty-eight young Bayelsa following an agricultural training program funded by the International Fund for Agricultural Development (IFAD) received loans of a minimum of 700,000 naira each in Yenagoa. The training was organized by Livelihood Improvement Family Enterprise in Niger Delta (LIFE-ND), an initiative of the Bayelsa government. The Nigerian News Agency (NAN) […]]]>

One hundred and forty-eight young Bayelsa following an agricultural training program funded by the International Fund for Agricultural Development (IFAD) received loans of a minimum of 700,000 naira each in Yenagoa.

The training was organized by Livelihood Improvement Family Enterprise in Niger Delta (LIFE-ND), an initiative of the Bayelsa government.

The Nigerian News Agency (NAN) reported on Thursday that the young people are between 18 and 35 years old.

The revolving loan was introduced to the trainee farmers through their master trainers who serve as their mentors.

Dr Paniebi Ugo, coordinator of the LIFE-ND project, presented the vouchers to the master trainers who manage the beneficiaries in Yenagoa.

Ugo said that in the mentoring program, which has been running for the past two years, interns have been assigned to established farms where they have been trained in cassava, plantain, fish and poultry production.

He advised the trainee farmers to take the project seriously and earn a living.

Ugo instructed the beneficiaries to go into business, make a profit, and repay the loan in installments so that others can also benefit.

“IFAD-assisted LIFE-ND aims to increase beneficiary incomes, guarantee food security and create jobs for young people between 18 and 35 years old.

“We are also focusing on women through agricultural businesses using the incubation model in the Niger Delta region.

“This check presentation is a milestone and a breakthrough for LIFE-ND, IFAD and Bayelsa State.

“This program has two phases – learning and mentoring,” he said.

In her remarks, Ms. Vivian Yerin, one of the master trainers who received a check on behalf of the trainees as part of her mentorship, congratulated LIFE-ND for this initiative.

She called for the sustainability of the project to give many young people the opportunity to have a livelihood.

Yerin, a poultry farmer, said that with the realities in the Niger Delta, the project has helped young people survive and provide for their families.

She added that this would go a long way in improving the livelihoods of beneficiaries. (NOPE)

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Everything you need to know about adoption loans https://sendika12.org/everything-you-need-to-know-about-adoption-loans/ Wed, 24 Nov 2021 19:01:48 +0000 https://sendika12.org/everything-you-need-to-know-about-adoption-loans/ Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. Adoption loans and grants can help you […]]]>

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours.

Adoption loans and grants can help you cover the costs of adopting a child. Learn more about lenders and other organizations that offer them. (iStock)

Deciding to expand your family through adoption is exciting, but it can also be expensive. Adoption expenses vary widely depending on whether you are adopting a foster child, going through a private agency, or adopting from abroad.

Adopting a foster child involves very little expense, as federal and state adoption assistance programs help offset the costs. Corn a private adoption can cost between $ 20,000 and $ 45,000, and an international adoption costs an average of between $ 20,000 and $ 50,000, according to the Child Welfare Information Gateway.

Fortunately, adoption loans can help you fund these costs. Here is what you need to know about adoption loans.

Discover Credible to compare personal loan rates and find the right one for you.

Can I get a loan to finance an adoption?

In short, yes. Many potential parents turn to adoption loans to help pay the cost of adoption. In fact, adoption loans come in many different forms. Some lenders offer loans specifically for adoption. But you can also use a personal loan to finance your adoption costs.

Lenders who offer adoption loans

The following 13 credible partner lenders offer personal loans that can be used for adoption expenses.

Before

  • Loan amounts: $ 2,000 to $ 35,000
  • Loan conditions : 2-5 years
  • Best for: Borrowers who do not have good credit

Axos

  • Loan amounts: $ 5,000 to $ 35,000
  • Loan conditions : 1 to 5 years
  • Best for: Borrowers with good to excellent credit

Best egg

  • Loan amounts: $ 2,000 to $ 50,000
  • Loan conditions : 2-5 years
  • Best for: Low-income borrowers and fair credit

Discover

  • Loan amounts: $ 2,500 to $ 35,000
  • Loan conditions : 3 to 7 years
  • Best for: Borrowers who want quick financing

FreedomMore

  • Loan amounts: $ 10,000 to $ 35,000
  • Loan conditions : 2-5 years
  • Best for: Borrowers who want to choose their own payment date

Loan Club

  • Loan amounts: $ 1,000 to $ 40,000
  • Loan conditions : 3 or 5 years
  • Best for: Borrowers with a good credit score and a low debt-to-income ratio

Loan point

  • Loan amounts: $ 2,000 to $ 36,500
  • Loan conditions : 2-4 years
  • Best for: Borrowers with fair credit

LightStream

  • Loan amounts: $ 5,000 to $ 100,000
  • Loan conditions : 2-7 years
  • Best for: Borrowers who want longer repayment terms

Marcus

  • Loan amounts: $ 3,500 to $ 40,000
  • Loan conditions : 3 to 6 years
  • Best for: Borrowers who want adapted monthly payments

Prosper

  • Loan amounts: $ 2,000 to $ 40,000
  • Loan conditions : 3 or 5 years
  • Best for: Borrowers who wish to repay their loan early

SoFi

  • Loan amounts: $ 5,000 to $ 100,000
  • Loan conditions : 2-7 years
  • Best for: Borrowers with excellent credit

To improve

  • Loan amounts: $ 1,000 to $ 50,000
  • Loan conditions : 2-7 years
  • Best for: Borrowers Who Build Credit

Reached

  • Loan amounts: $ 1,000 to $ 50,000
  • Loan conditions : 3 to 5 years
  • Best for: Borrowers who do not have strong credit but have an excellent education or work history

Interest-free adoption loans

Some nonprofit and religious organizations offer interest-free adoption loans to adoptive families who meet their criteria. Here are some options to consider:

  • ABBA funds The ABBA fund offers loans designed to cover up to one-third of the overall cost of an adoption, typically between $ 6,000 and $ 8,000. The approval of the zero rate adoption loan application takes six to eight weeks.
  • Free loan in Hebrew Hebrew Free Loan is a non-profit organization that offers interest-free loans of up to $ 20,000 to help Jewish individuals and couples in Northern California with adoption costs. To be eligible, you must be a Northern California Jewish resident or work for a Northern California Jewish organization.
  • Song of life for orphans Lifesong for Orphans provides interest-free loans only to traditional two-parent Christian families who are US citizens. The application review process takes four to six weeks.
  • Paths for little feet Pathways for Little Feet offers interest-free loans of up to $ 8,000. Priority is given to families with the greatest financial needs. Applicants must work with a licensed adoption agency.

If you are not eligible for any of these adoption loans, you can compare personal loan rate for adoption expenses using Credible.

What is the difference between adoption loans and grants?

Adoption loans and grants both offer funds to help adoptive parents meet the cost of adoptions, but there is one crucial difference: Adoption loans must be repaid, while adoption grants are costs. gifts that do not have to be reimbursed.

Because they don’t have to be repaid, there can be a lot of competition for adoption grant resources. It’s a good idea to apply for a variety of adoption grants to improve your chances of getting financial help.

Here are some adoption grants to consider:

  • Adoption Gift Fund The Adoption Gift Fund offers grants of up to $ 15,000 to help people complete a parent adoption, at home or abroad. Grants are awarded regardless of race, religion, age, marital status or sexual orientation. Applicants must submit two letters of reference and an application fee of $ 50 with their completed application.
  • HelpUsAdopt.org HelpUsAdopt.org offers adoption grants between $ 500 and $ 15,000 to couples and individuals regardless of race, religion, gender, ethnicity, marital status or sexual orientation. At least one applicant must be a U.S. citizen and applicants must use a licensed adoption agency in the United States. The organization gives priority to applicants without children or whose adoption placements have failed or been interrupted.

What are the alternatives to the adoption loan?

Adoption loans and grants aren’t the only options for financing your adoption costs. Here are some alternatives to consider:

If a personal adoption loan loan is right for you, visit Credible for compare personal loan rates in a few minutes.


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City loans bring water improvements https://sendika12.org/city-loans-bring-water-improvements/ Fri, 19 Nov 2021 15:16:00 +0000 https://sendika12.org/city-loans-bring-water-improvements/ Nov. 19 — A previously approved loan for a water improvement project that ultimately needed more funding, which Duncan’s board members approved last week, received final approval from Oklahoma Water Resources Board (OWRB) Tuesday. Loan funding – which was on the Duncan City Council’s November 9 agenda for approval of an increase after looking at […]]]>

Nov. 19 — A previously approved loan for a water improvement project that ultimately needed more funding, which Duncan’s board members approved last week, received final approval from Oklahoma Water Resources Board (OWRB) Tuesday.

Loan funding – which was on the Duncan City Council’s November 9 agenda for approval of an increase after looking at estimated project budgets – to the City of Duncan was $ 26,450. $ 000 from the OWRB. According to city information, the first request was for $ 16,200,000, funded by the Financial Assistance Program (FAP), and the second request was for $ 10,250,000 and was funded by the Fund. Oklahoma State Renewable Drinking Water System (CWSRF).

Funding approved for Duncan Public Utilities Authority (DPUA) in the first loan will be used to “replace water pipes throughout the system and improve the water treatment plan” while funding for the second loan will cover “l ‘installation of advanced metering infrastructure (AMI) and replacing approximately 13,000 water meters and 9,600 electricity meters with automatic meters. “

Nate Ellis of the Public Finance Law Group told the board on Nov. 9 why the funding increase was necessary.

“We approved this loan for the replacement of the meter at the end of September when we granted the other two loans from the water authority,” he said. “Since then, based on the type of estimated project budget, it has been determined that you need to borrow around $ 10.5 million, as opposed to the $ 6.2 million originally approved. So it’s basically a re-approval of that for a higher dollar amount. “

The board approved it 4-0, returning to the higher entities that approved it on Nov. 16.

“These loans would both progress with a close probably the second, third, fourth week of December,” Ellis said.

The loan for the new meters, according to the documentation, will allow DPUA to “better monitor and bill for water and electricity used by its citizens, thereby reducing the amount of water and energy consumed.” The same documents show that the project is helping “meet Oklahoma’s water targets for 2060 by focusing on water conservation through reduced unintentional flows to the wastewater treatment plant and is recognized under Oklahoma’s Point Source Management Plan for Improved Energy Efficiency, which helps reduce atmospheric deposition of mercury in nearby water bodies. “

According to information from the OWRB, Joe Freeman, head of the financial aid division of the OWRB, calculated that clients of the Office will save a combined estimate of $ 3,719,800 over the term of the two loans by compared to traditional financing. The documents show that the loans will be secured by a lien on the revenue from the Authority’s water, sewer, sewerage and electrical systems and a one-cent sales tax. A representative of the DPUA said, “On behalf of the citizens of Duncan, we would like to express our appreciation to the Oklahoma Water Resources Board. thank the staff of the OWRB for their hard work and help. “

Ellis also gave an update on the project and the loan of the fire station, which was put out to tender. Ellis said the lowest rate to date was 1.98% over 15 years, so “it’s moving forward.”

The next Duncan City Council meeting will be at 5:15 p.m. on Friday, November 19. The meeting is a special meeting and will see a new council member appointed to the board for the vacant Ward 1 position.

Duncan’s council meets in the council chamber, located inside the Duncan Police Department on 7th Street.


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Olean Local Development Corp. considering rehabilitation loans for homeowners | New https://sendika12.org/olean-local-development-corp-considering-rehabilitation-loans-for-homeowners-new/ Wed, 17 Nov 2021 14:00:00 +0000 https://sendika12.org/olean-local-development-corp-considering-rehabilitation-loans-for-homeowners-new/ OLEAN – Authorities hope to turn a loan for a hotel into helping homeowners repair their properties. The Olean Local Development Corp., a non-profit organization created by the city government in 2005, discussed plans for a housing rehabilitation loan program at a special meeting Tuesday morning. The plan, which is still in its infancy, would […]]]>

OLEAN – Authorities hope to turn a loan for a hotel into helping homeowners repair their properties.

The Olean Local Development Corp., a non-profit organization created by the city government in 2005, discussed plans for a housing rehabilitation loan program at a special meeting Tuesday morning.

The plan, which is still in its infancy, would likely function as a revolving credit fund, said Keri Kerper, coordinator of the city’s community development department. The owners are said to apply for help with the project, with OLDC providing funds for part of the project in the form of a low-interest loan.

The details of the work that would be covered are still undecided.

While some members said work could extend to porches or even pool decks – cited as a safety concern – Mayor Bill Aiello, who sits on the OLDC board of directors, said that ‘he was concerned about such projects, preferring that the loans be spent on more serious problems. .

Details will continue to be worked out and the next board meeting is scheduled for March. Kerper said a special meeting could be called if the project could move forward more quickly.

The board typically meets four times a year, but the December meeting was moved forward by one month to comply with federal and state tax and audit rules.

However, funding for the program is already in place.

The non-profit organization operates as a sub-recipient of the city as part of a $ 416,000 community development block grant that helped furnish the Hampton Inn & Suites in North Olean.

The repayment of this grant by the developers – set up in the form of an interest-free loan for the first 10 years in the amount of $ 200,000, while the second half can be canceled if the project meets the objectives of hiring and remaining operational – is payable to the OLDC, which keeps the funds for its operations.

“Refunds have started, the hotel is open,” Kerper said, with more than $ 11,000 already received.

The OLDC is expected to receive just over $ 3,500 per month from the repayment plan until 2031.

This cash flow – noted as a positive step in an annual audit report discussed at the meeting – is a far cry from the fiscally precarious position the nonprofit found itself in just a few years ago. .

While the OLDC was originally created to help with the modernization of Bradner Stadium, the group has experienced a serious lack of funding in recent years. At one point in 2019, the nonprofit had only $ 57 under its belt and needed $ 4,000 in aid from the income of the remaining grant funds from the city coffers to cover its contract. $ 1,000 for commissioned audits.


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Auto refinancing loans explode in the first half of the year https://sendika12.org/auto-refinancing-loans-explode-in-the-first-half-of-the-year/ Mon, 15 Nov 2021 21:00:00 +0000 https://sendika12.org/auto-refinancing-loans-explode-in-the-first-half-of-the-year/ Overall, auto refinance loans have shown strong growth in the first six months of this year, in line with the higher demand for cash from the population during the protracted Covid-19 pandemic. For the first six months of 2021, the overall auto refinance loan portfolio stood at Baht 355.93 billion, up 13 percent year-on-year. The […]]]>

Overall, auto refinance loans have shown strong growth in the first six months of this year, in line with the higher demand for cash from the population during the protracted Covid-19 pandemic.

For the first six months of 2021, the overall auto refinance loan portfolio stood at Baht 355.93 billion, up 13 percent year-on-year.

The demand for loan products increased dramatically because people wanted more cash to deal with the impact of the pandemic and also to plan their personal finances according to economic circumstances, said Kittiya Srisanit, head of Krungsri Auto Group. , an automobile financing unit of the Bank of Ayudhya (BAY). , under the brand Krungsri.

Krungsri Auto offers auto refinancing loan service under the Krungsri Car for Cash brand and has experienced auto refinancing loan growth of 3% per month on average from January to September.

In September, Krungsri Car for Cash’s total loans outstanding stood at 77.40 billion baht with a total customer base of 287,000, covering cars, large motorcycles and motorcycles.

Given the impact of the pandemic, Krungsri Auto has helped its clients restructure their debt using several methods. He also helped them plan their finances according to their income and debt.

Ms Kittiya said clients’ financial behavior changed during the epidemic and economic uncertainty. Most do not require the full amount of their line of credit offer from the bank.

Krungsri Auto yesterday launched a new auto refinance loan called the Car for Cash Prompt Chai revolving loan product. It offers auto refinance loans to car owners without the need for a transfer of ownership and also prepares a backup line of credit for customers in the event of an emergency.

Ms Kittiya said the product also marks Krungsri Auto’s first loan that can be withdrawn through a Line app, allowing instant access anytime and anywhere. The move is also in line with consumers increasingly embracing the digital platform.

In the first nine months of this year, Krungsri Auto offered Car for Cash loans through online channels worth a total of 3.6 billion baht, up 111% year-on-year .


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CEDA approves 26 loans in fiscal year 2021 | New https://sendika12.org/ceda-approves-26-loans-in-fiscal-year-2021-new/ https://sendika12.org/ceda-approves-26-loans-in-fiscal-year-2021-new/#respond Sun, 07 Nov 2021 16:00:00 +0000 https://sendika12.org/ceda-approves-26-loans-in-fiscal-year-2021-new/ The Commonwealth Economic Development Authority approved a total of 26 loans worth $ 1.6 million under its development company division programs in fiscal 2021, according to its report centered on the citizen submitted to the Legislative Assembly by the Executive Director of CEDA, Manny Sablan. The report states that despite the challenges posed by the […]]]>

The Commonwealth Economic Development Authority approved a total of 26 loans worth $ 1.6 million under its development company division programs in fiscal 2021, according to its report centered on the citizen submitted to the Legislative Assembly by the Executive Director of CEDA, Manny Sablan.

The report states that despite the challenges posed by the public health and economic crises of Covid-19 last year, CEDA “continues to provide funds to businesses large and small. In fact, CEDA’s board of directors has grown. its loan limit on the direct loan program of $ 250,000. to $ 450,000. ”

For the direct loan program that falls under the jurisdiction of the CEDA board of directors, it typically takes 30 to 45 days to decide on a full loan application, the report says.

In FY2020, CEDA said it approved 22 loan requests totaling $ 1.1 million under the Development Corporations Division lending programs.

In Saipan, CEDA said it approved six loan applications for fiscal year 2021, three of which fall under the construction and rental business category, and one retail. The total loan amount approved on Saipan was $ 953,232.

Regarding Rota, CEDA said it approved 17 loan applications, six of which were for construction and rental companies; two for agriculture; two for fishing; two for the food trade; and three for “others”, for a total loan amount of $ 619,000.

On Tinian, CEDA said it approved three loan applications, including two for fishing companies.

As part of the State Small Business Initiative, a bank-led program, CEDA said its Developmental Banking division “is doing relatively well in 2021.”

The CEDA report states that the Developmental Banking division continues to fund capital improvement projects for Saipan, Rota and Tinian “from the profits it earned by wisely investing the interest on a $ 140 million bond. dollars “.

Through statutory appropriations, CEDA said projects funded on Rota totaled $ 199,821; on Tinian, $ 188,812; and on Saipan, $ 695,177.

The revolving loan fund for the Capital Improvement Project established from CIP loan payments from income-generating agencies has totaled $ 5 million to date, the report added.


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The announcement of the amount of new loan funds reaches NT $ 10 million or more, and reaches 2% or more of the last net financial worth of Accelon Cooperation. https://sendika12.org/the-announcement-of-the-amount-of-new-loan-funds-reaches-nt-10-million-or-more-and-reaches-2-or-more-of-the-last-net-financial-worth-of-accelon-cooperation/ https://sendika12.org/the-announcement-of-the-amount-of-new-loan-funds-reaches-nt-10-million-or-more-and-reaches-2-or-more-of-the-last-net-financial-worth-of-accelon-cooperation/#respond Thu, 04 Nov 2021 12:05:38 +0000 https://sendika12.org/the-announcement-of-the-amount-of-new-loan-funds-reaches-nt-10-million-or-more-and-reaches-2-or-more-of-the-last-net-financial-worth-of-accelon-cooperation/ close Provided by: Acelon Chemicals & Fiber Corporation SEQ_NO 3 Announcement date 2021/11/04 Announcement time 19:37:57 Topic Announcemnt of the amount of new loans of funds reaches NT$10 million or more, and reaches 2 percent or more of Acelon Cooperation's latest financial net worth. Date of events 2021/11/04 What element he answers paragraph 23 Declaration […]]]>

close

Provided by: Acelon Chemicals & Fiber Corporation

SEQ_NO

3

Announcement date

2021/11/04

Announcement time

19:37:57

Topic

 Announcemnt of the amount of new loans of funds
reaches NT$10 million or more, and reaches 2 percent or
more of Acelon Cooperation's latest financial net worth.

Date of events

2021/11/04

What element he answers

paragraph 23

Declaration

1.Date of occurrence of the event:2021/11/04
2.Funding recipient name, relationship with lender, lending limit
(thousand NTD), starting outstanding balance (thousand NTD), new loan
(thousand NTD), is it part of a scheduled allocation or revolving limit for
the same recipient that the chairman is authorized by the board of directors
to allocate, outstanding balance (thousand NTD) up to the date of
occurrence, reason for new loan (thousand NTD):
(1)Name:Acegreen Eco-material Technology Co., Ltd.
(2)Relationship with lender: 100% wholly owned subsidiary of the Company.
(3)Lending limit (thousand NTD): NT$171,717
(4)Starting outstanding balance (thousand NTD):NT$60,000
(5)New loan (thousand NTD): NT$105,000
(6)Is it part of a scheduled allocation or revolving limit for the same
recipient that the chairman is authorizedby the board of directors
to allocate:Yes .
(7)Outstanding balance (thousand NTD) up to the date
of occurrence: NT$165,000
(8)Reason for new loan (thousand NTD): Working capital.
3.For collaterals provided by the loan recipient, the content and the value
(thousand NTD):None.
4.For the latest financial reports of the loan recipient, the capital
(thousand NTD) and the cumulative gains/losses(thousand NTD):
(1) Capital (thousand NTD): NT$470,000
(2) Cumulative gains/loss es (thousand NTD):NT$-177,141
5.Method of calculation of interest:
1.85% interest calculated by year
6.For repayment, the condition and the date:
(1) Condition:According to the contract.
(2) Date:According to the contract.
7.The amount of monetary loans extended to others as of the date of
occurrence (thousand NTD):165,000
8.The total amount of monetary loans extended to others as a percentage of
the public company��s net worth on the latest financial statements as of the
date of occurrence:9.61
9.Sources of funds for the company to extend monetary loans to others:
Self owned funds.
10.Any other matters that need to be specified:None.

Disclaimer

Acelon Chemicals & Fiber Corp. published this content on 04 November 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 04 November 2021 12:04:14 PM UTC.

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All the news on ACELON CHEMICALS & FIBER CORPORATION

Sales 2020 2,635 million
94.6 million
94.6 million
2020 net income 42.5 million
1.53 million
1.53 million
Net debt 2020 963 million
34.6 million
34.6 million
PER 2020 ratio 51.3x
2020 yield
Capitalization 1,734 million
62.2 million
62.2 million
VE / Sales 2019 0.66x
VE / Sales 2020 1.19x
Number of employees 514
Free float 60.0%

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https://sendika12.org/the-announcement-of-the-amount-of-new-loan-funds-reaches-nt-10-million-or-more-and-reaches-2-or-more-of-the-last-net-financial-worth-of-accelon-cooperation/feed/ 0
ND grants $ 4.2 million in loans for water infrastructure https://sendika12.org/nd-grants-4-2-million-in-loans-for-water-infrastructure/ https://sendika12.org/nd-grants-4-2-million-in-loans-for-water-infrastructure/#respond Wed, 03 Nov 2021 19:16:30 +0000 https://sendika12.org/nd-grants-4-2-million-in-loans-for-water-infrastructure/ November 3, 2021 The four loans, provided by the state’s revolving funds for drinking water and drinking water, will support drinking water and wastewater infrastructure projects in three communities. Photo by 21 swan on Unsplash. Subscribe to WaterWorld e-newsletters Photo and caption courtesy of California DWR. Photo by Sean Musil on Unsplash. Photo by Manki […]]]>

November 3, 2021

The four loans, provided by the state’s revolving funds for drinking water and drinking water, will support drinking water and wastewater infrastructure projects in three communities.

Photo and caption courtesy of California DWR.

Low water levels at Lake Mendocino, a large reservoir in Mendocino County, October 13, 2021.

Photo by Sean Musil on Unsplash.

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Photo by Manki Kim on Unsplash.

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Photo by Vidar Nordli-Mathisen on Unsplash.

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Photo by Josh Miller on Unsplash.

The Los Angeles skyline, viewed from Griffith Observatory.


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Lalamove calls on CIMB to provide partner drivers with access to loans – Back End News https://sendika12.org/lalamove-calls-on-cimb-to-provide-partner-drivers-with-access-to-loans-back-end-news/ https://sendika12.org/lalamove-calls-on-cimb-to-provide-partner-drivers-with-access-to-loans-back-end-news/#respond Mon, 01 Nov 2021 15:02:27 +0000 https://sendika12.org/lalamove-calls-on-cimb-to-provide-partner-drivers-with-access-to-loans-back-end-news/ CIMB Bank Philippines and Lalamove Philippines have teamed up to provide easy access to credit to Lalamove partner drivers through CIMB’s new all-digital offering, REVI Credit. Through this partnership, Lalamove’s qualified partner drivers can get a revolving line of credit of up to $ 250,000. They can also convert this into cash or a term […]]]>

CIMB Bank Philippines and Lalamove Philippines have teamed up to provide easy access to credit to Lalamove partner drivers through CIMB’s new all-digital offering, REVI Credit.

Through this partnership, Lalamove’s qualified partner drivers can get a revolving line of credit of up to $ 250,000. They can also convert this into cash or a term loan, use it to pay bills and soon, shop online with a virtual debit card at low interest rates. This unique collaboration will allow Lalamove’s partner drivers to easily access credit for their daily needs and emergencies.

“We all seek to constantly innovate to provide meaningful digital financial solutions that meet a real need and solve the problems of Filipinos, especially those who are in the informal economy, where access to credit is so difficult,” said said Vijay Manoharan, CEO, CIMB. “The partnership with Lalamove is a step in this direction. We want to help hard-working Filipinos, like Lalamove’s partner drivers, have easier access to credit so they can better meet their needs, move forward and earn more for themselves and their families. We are able to do this through an innovative solution in the form of REVI Credit, which is also CIMB’s Buy Now Pay Later product.

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Thanks to REVI Credit, Lalamove’s qualified partner drivers benefit from greater flexibility in how to access and use the credit granted to them. They can easily pay bills and goods online on credit and pay over a period of time. REVI also allows them to withdraw money from their line of credit to their CIMB Bank savings account. Plus, they can convert up to 70% of their credit limit into a term loan, which they can repay on flexible terms and at low interest rates. As an added benefit, the partnership also means that CIMB Bank Philippines provides qualified driver partners of Lalamove with personal accident insurance up to P50,000 free of charge.

Qualified Lalamove partner drivers are pre-selected for a REVI credit line. The application process itself is also completely digital, with the entire application process taking only around five minutes. This makes it suitable for Lalamove’s partner drivers, who are almost always on the road.

In addition to easy access to REVI Credit, the partnership will also offer partner drivers GSave accounts requiring no minimum balance. With a savings interest rate of 5% per annum, this will also save them money on their daily pay.


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