Organization "Profit Alliance": the responses of investors

The Market for microfinance services is now developed strongly enough – a large number of people regularly arrange small cash loans for the purchase of small household appliances, payment of any urgent accounts and other things, bringing them back with your next paycheck.

In turn, companies providing such loans, the circulate of funds by attracting deposits of other people, adding to your financial portfolio.

Today we tell about one of such microfinance organizations engaged in accepting deposits and granting loans. It is called “Profit Alliance”. Reviews of investors about the firm, as well as General information about the company's activities from the Internet will provided in this article.

General characteristics

This microfinance institution (further in the text we will call it reduced MFI) represents the typical structure of the circulation of money. As already noted, it takes money from some people and gives them to others. What it is interesting is the high interest rate that is charged on deposits. This in itself can not attract people who want to earn on their investment.

In Addition, the company uses a number of marketing tools – decorating the website with motivational beautiful pictures, all the details describing information on its many years of successful operation and so on. Although if you want any visitor is able to detect some inaccuracies in the activities of “Profit Alliance”. Reviews of investors, we note have not yet taken.

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Years of activities and documents

“the basement,” the website stated that the company has been active since 2011. On page «about us” clearly included the year – 2013. It was then alleged was based MFIs. In order to reinforce its image in the eyes of investors, in the pages of the site you can find the certificates and the certificate of registration of the subject activities, as well as a number of other documents. However, if we talk specifically about the company “Profit Alliance" (reviews it is also a stress), there are only two documents relating to her – certificate of registration of a legal entity, and on making your company data in the register of microfinance organizations. There are other scanned paper relate to other stakeholders (is, OOO «Center of Finance population" PDA "Eurocapital”).

Contributions

The Relative contributions of the company «Profit Alliance” (the reviews of those who managed to cooperate with it, we will quote a little further) more information does not disclose. On the site you can find only General information about the fact that the funds attracted from the population in the amount from 30 thousand to 5 million rubles. Regardless of the amount of the Deposit will be charged 120 percent per annum (or 10% per month). As it is written on the same page, the payment of interest on the Deposit is carried out monthly. With regard to the period for which the attachments are received, it can be from 3 to 12 months.

A Little farther on the website describes a variety of “advantages” from such investments. Among them «Profit Alliance” (financial services company, reviews of which are of interest to many investors) include openness, high yield, the level of company reliability, quality service, customer orientation and things like that.

In order to invest, you need to call on one of phones specified in the section “Contacts” on the website, and then come to the office and bring money. All this is done, as indicated by representatives of the company, quickly and easily.

Credits

In Addition to raising money from investors IFIs “Profit Alliance” (the reviews are a little further) is also involved in issuing loans. It is usually typical microloans to repay a small debt, the acquisition of some necessary but expensive things, food to the new salary and so on.

According to information on the official website in case of providing the vehicle as collateral, the debtor is entitled to apply for a loan in the amount of from 10 to 50 thousand rubles for a period up to 1 year. In this case the borrower undertakes to make weekly payments on the loan. As for interest rates, it is set to 2 percent per day.

Employees of the company promise that the process of withdrawal is quite simple and takes place in the shortest possible time. You must call one of the offices, to come and chat live to provide documents on the collateral of valuable property and get the desired amount.

Warranty

As noted above, the company publishes its registration documents showing the procedure of creating and revising the register of all Russian MFIs. “the Alliance Profit" (Saint Petersburg is the second centre, which opened their office after Moscow) also guarantees that all deposits will be insured by the company. “Lloyd city”. In confirmation of this the investor receives the insurance policy, this means that 100% of the contribution would in any case be returned.

According to theagents, it allows to speak about absence of risk for investors and about the profitability of the whole transaction in General. However, again, to verify this, we present left about “Profit Alliance” guest contributors, who will have to show what's what.

Why so many

On the MFI website has a section where you can find answers to most common questions. One of them is the following: “Why do you pay so much?”. This, of course, mean 120-the interest rate that is paid for the year use of funds. It's really quite a lot – even on different forums about “Profit Alliance” guest contributors testify about it as a suspicious super-profitable organizations. Especially given the fact that all deposits are insured.

As explained this fact by their own employees – all in a very high interest on loans that are paid by the borrowers. Indeed, 2 percent for use of funds on the same day – about 720% per year. It's really a huge amount of profit. But to explain the 120% rate is impossible, because lending carries marketing costs to attract borrowers as well as risk costs in the case of loan default. People who started to learn the details of the company's activities, there was even a version on this account.

Customer Testimonials

Investors are mostly confident call a fraudulent company “Profit Alliance”. "MFI" is just a simple cover of Ponzi scheme, which takes money from people and pays another, creating the appearance of work. The principle of operation is very similar to what was functioning at the time of the legendary MMM, only the scale is smaller.

Guest contributors mention that these companies arise everywhere. They rent offices, employ staff-managers, smiling you write beautiful stories about their work on the official website. But then it never comes.

As a rule, collecting a certain amount they just stop payments and “fold”, forever missing from outraged depositors. And borrowers from the company, probably not, as this bet, and even car pledge, is pure swindle.

Another interesting point, which indicate the responses of investors. The website contains the information that a company provides funds, on behalf of “Profit Alliance”, while taking into account of “funding Center of population». Thus, to prove that you were carrying money in the first office, will be impossible – the documents are two completely different legal entity.

Staff

Unfortunately, using a search on the Internet, we have not been able to find about “Profit Alliance” feedback from employees. Probably the reason is a small company consisting of few people. It is possible, work with clients engaged directly by the owners of the company, without involving additional personnel.

One way or another, but it plays an obvious disadvantage of the credibility of the IFIs.

General conclusion

What can you write in conclusion about this organization? It obviously offers very attractive conditions in order to, obviously, to attract depositors. While too little feedback from the borrowers, there are no recommendations from staff, and only a question mark comments from potential investors who are interested in what kind of profitable business that can give such crazy interest.

The Second point – the fragmentation of the company into several legal entities, which suggests that it has been done all for nothing. It is possible for multiple legal entities lies the clue to the functioning of the system of deception of investors.

As evidenced by recommendations of other investors, it is better to pass by this company. Yield of 120% per year – just ridiculous. If you compare the organization with other the most profitable in the industry, they can promise a maximum of 20% per year. The difference is palpable.