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Ownership and Relationships on Speedy Payday Loans Spreading

Loan SpreadsOver the past decade, the Asian financial crisis, the occurrence of huge bad debts in the banking industry, credit card debt events, the subprime mortgage and the Fannie Mae and Freddie Mac event successively impacted Taiwan’s financial markets. The Taiwan government responded by implementing the first and second “financial reforms,” and the related procedures resulted in major and dramatic changes to the operating status of the banking system as a whole. This study has systematically performed empirical tests in order to understand how the credit status and relationships have impacted the loan spreads. The findings of this paper are as follows: Private financial holding companies and private non-financial holding companies grant loan spreads that are significantly lower than those of state-owned banks. Foreign banks grant loan spreads that are significantly higher than those of state-owned banks, and only foreign bank loan spreads are significantly higher than those of state-owned banks when borrowers are considered to be high risk. The risk is present at every moment in our life but Speedy Payday Loans due to lessens the risks till minimum.

Tables 5 and 6 reveal that banks reduce their loan spreads only for high credit risk borrowers with obvious improvements in credit ratings, but this does not apply to general borrowers even when the credit rating condition is improved. However, during the past decade the adverse results shown in Table 7 indicate that the creditor banks reduce their loan spreads, when the borrowing companies have their credit ratings upgraded, but even if the high credit risk borrowing companies have their credit ratings upgraded, the creditor banks will adversely increase the loan spreads. Empirical findings show that the biggest and main creditor banks exhibit significantly lower loan spreads, and were also willing to give high credit risk customers lower lending spreads, which imply that Taiwan’s banks emphasis “banking relationship” while lending. And only state-owned banks grant lower loan spreads to borrowers with which they have closer relationships, while the remaining three types of banks in terms of ownership adversely increase their loan spreads. Only private non-financial holding companies have their loan spreads reduced while facing high credit risk borrowers with closer relationships. These findings contribute some points in relationship lending and impacting factors on loan spreads. Using data for the past decade.


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In the broad sense of a significant participation of India in world textile trade, the Indian textile industry had been ‘globalized’ in the last 350 years. The early nineteenth century, and again the period 1950-85, when the level of participation in the international economy retreated, would appear as brief interludes rather than turning points. The global humankind of the present times, of course, is a vastly different one from that of the late eighteenth. Investment, for example, is far more mobile now than before, and therefore textile manufacturing more dispersed, and more competitive.

One of the lessons of my study is that the dominance of the weavers can be seen as a constant across time. If we take a long view, the development of the weaving units would seem like an anomaly, remarkably long-lived historically, but eventually revealing itself a special case rather than the norm.


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1. Analyze the causes for the issues faced by employees and employers in weaving industry: Weavers are facing many issues with respect to their wage system, proper rules and code of conduct at work place, number of working hours, job security, poor annual income, social security schemes, awareness about the benefits from the state and central government. The first objective of the study is to find out what are the causes, which are bringing these issues into the weaving industry.


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Conflicts are common everywhere in industries. There may be a conflict between employee and employer, or employee and employee. Due to which the work will get affected in terms of production.

Supply of Labor/ Skilled Workforce

It is a newborn problem for the owners in weaving industry. The supply of skills work force is reducing day by day. The number of people who are learning the art of weaving is decreasing. One of the strong reasons for this is the child labour act where in children must not be employed.


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Lack of Demand for the Product in the Market

The demand for woven cloth or material will not be same throughout the year. It fluctuates depending on inflation and recession. Therefore, when there is no demand or poor demand for the product, the owner has to reduce the production. This will again lead low income and there will be an indirect effect on retention of the employees.


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Social Security Schemes

The owners of the weavers do not provide the facilities of provident fund, gratuity or pension. The weavers are also in a position to avail any of the social security schemes by themselves. So they don’t have any sort of financial back up for the old age.

Lack of Continuity of Work

The work will not be permanent for the weavers. The reasons are lack of regular power supply, supply of raw materials, conflicts at work place, and decrease in the demand for the material in the market. All these will give birth to no continuity of work.

No Rules, Regulations or Standards Fixed for Work

There are no rules or regulation fixed for employees in terms of break time, working hours, holidays, work culture, leave system etc. in weaving industry. Only because of the child labour act, there are not child workers in the factories. Otherwise there are not restrictions on the joining and retirement of an employee.

Uneven Production

There are two reasons why this problem has taken place. First reason is the frequent power cuts and the second reason is poor efficiency of the employees. They don’t take their work seriously.

Employee Retention

It is one of the big problems of weaving industry today. The employees do not stick to an owner or a factory for long time. They go on shifting because of their instable mind for better opportunities and comfort zones. The owner of the factory faces a huge problem due to this attitude of the worker.

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Working Conditions

The factories of weavers own very bad working conditions. There will not be proper ventilation, restrooms, water facility and toilets. Some factories will be so congested that the weaver will not have a proper place to stand and work.


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Uneven Wages

There is no minimum wage followed or fixed for weavers. The wage depends on the performance, production, regular supply of power, and raw materials. If any of the above is missing, the weaver’s wage will get a punch. There is fixed wage or salary for weavers, so if the weaver earns Rs. 6000 this month, next month it may be Rs. 5000 or Rs. 7000. This troubles him to meet his financial crunches.


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Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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