How to start a lending business?

Question

I'd like to start a company that allows people for an easy access to loans.First scenario: One person in a family lost a job due to lockdown and his/her partner has a stable employment. The employer has a lot of capital and instead of giving people gym passes and other benefits, employer could use that money to give people interest-free loans.There is no such thing in my country, but I'm not sure how to start. I have no knowable of the business and I'm a bit worried about regulations.How to start?

pesfandiar · Accepted Answer

I imagine lending is highly regulated in most jurisdictions, and has a high barrier to entry. If you share your location, someone might have more accurate information.

justaguyhere · Answer

Have you checked Kiva.org and related organizations? They are asking for recommendations for small loans now, to help deal with Covid-19.It would help if you indicate which country you are from

smarri · Answer

If the employer already has access to the employee bank account (e.g. to pay salary) then do they need your service?