"100% automated AI microlending business" - I like it
This model will virtually eliminate backroom admin costs and facilitate high frequency short-term lending with high margins.
It will be perfect for countless microbusinesses throughout the Philippines with genuine short-term cashflow need.
There is huge unmet demand for this type of finance product.
Borrowers will need to repay their current loans before getting the next.
Expect an announcement soon about PIL securing a wholesale line of finance to fund the loan book. Borrow at a low rate and lend at a high rate.
"100% automated AI microlending business" - I like itThis model...
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1.2¢ |
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0.001(4.35%) |
Mkt cap ! $25.39M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $420 | 35K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 21 | 7263559 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.2¢ | 1789907 | 6 |
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| Last trade - 11.53am 26/04/2024 (20 minute delay) ? |
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1.2¢ |
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| Open | High | Low | Volume | ||
| 1.2¢ | 1.2¢ | 1.2¢ | 17916 | ||
| Last updated 14.33pm 26/04/2024 ? | |||||
| PIL (ASX) Chart |