BRAZIL PRIVATE LOAN
In Brazil, the private loan is defined as a very effective alternative financing solution granted by a Brazilian private lender to a Brazilian borrower who does not want to go through a Brazilian bank obtain cash.
In Brazil, private financing is often the only solution for a Brazilian individual or a Brazilian entrepreneur who has difficulty in accessing fresh money from Brazilian financial institutions.
In Brazil, the private loan is covered within the Brazilian financing market by private Brazilian lenders who offer their service via the internet or via a Brazilian P2P (Peer to Peer) lending platforms that link Brazilian borrowers with Brazilian private lenders.
In Brazil, even though the private loan is convenient and easy to access, the Brazilian private borrower should not neglect the risk of fraud due to people who claim to lend money but who only want to extract upfront fees without offering money.