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[QUOTE]Originally posted by Superbee383: [QB] CHNW - .0021 Cash Now (CHNW) Announces Its Intention To Begin Offering Microcredit To Self Employed Entrepreneurs PR Newswire - November 15, 2006 09:00 FORT LAUDERDALE, FL, Nov 15, 2006 /PRNewswire-FirstCall via COMTEX/ -- Cash Now Corporation (CHNW.PK) [URL=http://www.cashnow.com]www.cashnow.com[/URL] (Cash Now) announced today that it intends to begin offering microcredit type loans to the self employed entrepreneurs through a balloon re payment structure plan. Balloon re payments are a large, lump-sum payment scheduled at the end of a series of considerably smaller periodic payments. Microcredit is a financial innovation which originated in developing countries where it has successfully enabled extremely impoverished people (mostly women) to engage in self-employment projects that allow them to generate an income and, in many cases, begin to build wealth and exit poverty. Due to the success of microcredit, many in the traditional banking industry have begun to realize that these microcredit borrowers should more correctly be categorized as pre-bankable; thus, microcredit is increasingly gaining credibility in the mainstream finance industry and many traditional large finance organizations are contemplating microcredit projects as a source of future growth. The company sees the implementation and delivery of the mocrocredit loans to the end users as a relatively inexpensive and a robust future income stream, as the current infastructure for payday loans and micro loans is relatively similar. ABOUT CASH NOW Cash Now Corporation (CHNW.PK), a pioneer in the Internet payday loan, and check cashing industry is developing the most comprehensive menu of services in the cash advance industry, all centered on the Cash Now brand. For instance, the Cash Next Super Broker concept is taking North America by storm! Our team of highly qualified financial executives know what works, and what it takes to place your loan request! Cash Next is backed by a highly experienced team, delivering blue chip solutions for businesses, and consumers. The company's proven business model includes licensing to corporately operated joint venture locations across the U.S., Canada, Australia, and UK. Cash Now offers a Payday Loan License program, Payday Express; a Payday Loan and Check Cashing License known as Check Express and an Authorized Agent Program for existing retail establishments; as well as a host of related financial services for small and medium-size businesses, this includes the Cash Next broker program. Cash Now, with its web based and focused outlook has won the Golden Web award in 2001, 2002, 2003 and 2005. In 2005 Profit Guide magazine ranked the Cash Now Group 10th in its list of the 50 fastest growing and most promising emerging companies. In 2005 Cash Now was ranked (#) 44 out of top 1000 fastest growing franchising companies by Entrepreneur guide. SOURCE Cash Now Corporation Kevin Price, Cash Now Corporation, Toll Free: 1-888-224-9641, e-mail: cashnowcorp*cashnow.com, INTENET ADDRESS [URL=http://www.cashnow.com]www.cashnow.com[/URL] http://www.prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved [/QB][/QUOTE]
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