If you have thought about investing or borrowing on crowdfunding platforms to deal with inflation, it is important that you know which institutions are authorized as well as the conditions offered by this type of investment, also known as crowdfunding .
The National Banking and Securities Commission (CNBV) announced this Monday that crowdfunding is legal since March 9, 2018 and issued a series of recommendations for those who decide to invest.
What is the
Let’s start with the basics. If you have never heard of this type of financing, the first thing you should know is that these are financial entities that look for people from the general public to both provide financing. That is, with the help of the institution, you lend to others.
Loans are made through technological platforms such as applications, interfaces, internet pages or some other means of electronic or digital communication.
The natural or legal persons who request resources through the technological platforms of the Collective Financing Institutions are known as requesting clients, and said resources are provided by investor clients who participate in the operations.
What to check before investing in
The CNBV also urges users of these platforms to first check the terms and conditions before depositing their money on them.
The second recommendation is to know the amount of money that you can lend or request as well as review the interest rate offered by the loans.
You must review the terms in which the credit is paid as well as the commissions that will be charged.