Lock and Unlock Your Securities

Micro and small businesses, as well as the unbanked, have long been thought by many creditors and lending agencies to be too risky for financial institutions to service. However, recently around the world and here in Jamaica, this segment of the market has become very attractive to financial companies and individual lenders, primarily because of the very attractive returns to be earned from lending to these borrowers.

To secure their loans and credit facilities, lenders have tended to rely on movable assets such as appliances, electronics, and other commercial and household equipment as collateral. The risk to the lender, has been the fact that they have no way of knowing if an item that they have accepted as collateral for a credit facility, is in fact actually owned by a hire purchase company, or has already been used to secure a credit facility elsewhere.

This misuse of collaterals by the borrower, has led to billions of dollars in losses from uncollectable loans. By making Qcuun.com part of their processing procedure, the lender can minimise the abuses and losses to their business. With Qcuun.com, lenders are able to note and register their interest on collaterals by locking it into a lien. As soon as a loan has been repaid, the lien can be removed.

More ways to secure your collaterals, at Qcuun.com!