LOAN FOR REFUGEE ASYLUM SEEKER

LOAN FOR REFUGEE ASYLUM SEEKER

FINANCING FOR ASYLUM SEEKER LOAN FOR REFUGEE

A loan for refugee and asylum seeker is by definition a funding solution for a loan applicant who has left is home country as a political refugee and is seeking asylum in another country and who do not yet have a permanent residence permit.

A refugee loan and asylum seeker funding can often take the form of financial assistance from the state to accompany the refugee in their first steps towards integration, but also the form of a social loan and welfare.

The financing for a refugee or asylum seeker can often not be done without guarantee since these people cannot provide sufficient security for a repayment of the loan given the risk faced by the lender to see the borrower getting deported.

A loan for refugee and asylum seeker loan can find its solution in the field of social loan such as social microcredit which can provide valuable financial assistance to an asylum seeker, who can also have access to funds so that when his or her status is recognized, create his or her business.