How you manage your loan when the bank disburses loan money to your bank account? First, open your notebook. See your purpose of applying loan. This is important to make you stick on the priority. Second, do not use all loan money directly. You can leave 1/3 of loan money for preparing if you can’t pay due date loan next month. As we know that nobody knows what will be happen in the future, so it is better to have financial preparedness. If you are so often to hear about disaster preparedness, you also must have financial preparedness. Make this as a good habit. You must have reserved budget in your financial management.

Many micro loans offer revolving fund for the poorest community. This will help for those who do not have collateral and only need small amount of loan. Bank usually does not give micro loan since they have bureaucracy process. Usually non government organization distributes donor’s money through micro loan program.

For example: there are 8 women in a group. These women got loan from donor to buy tools for operating their business. These women can repay the loan in reasonable loan rate. They can recover their economy and start business again through micro loans.