Research Proposal Paper Example | Topics and Well Written Essays - 1250 words

Proposal - research Paper ExampleThe feasibility includes exploring takeions of locating the payday give service in a convenience hold on that is accessible. The room will have a issue for disbursing funds and maintaining records. Research will include state and local requirements for establishing payday bring service as a sole proprietorship, competitors analysis for internal assessment for crafting payday loan service strategies, and a market analysis to excogitate the lending rates and charges in relation to pay loan services in Kansas State. Introduction The generator is the owner/manager of Quick Stop & Go convenience investment firm without gas services. The writer intends to attention deficit hyperactivity disorder an additional service as Payday Loan using an extra space available in the enclose that is a single inclose not chain store. Above information clearly describes the purpose of accessing payday loan. Yet, in that location is a need to analyze in which ter ms payday loan will be helpful for the store as compared to other types of loans and to which extent it will be productive in increasing the profitability of store by efficiently utilizing idle assets of the store. As payday loans have become more popular in upstart years. The important feature of the payday loan is that it is readily and easily accessible. Payday loans have many benefits as compared to the other loans. For payday loan, but proof of employment, bank account and income is required and paper work requirements are also very limited. harm and conditions of payday loans are also fixed like other loans but the borrower can get flexibility agree to its need. So, profitability can be increased by using loan according to current situations. Research questions 1. Who are the users of payday loans? 2. Do the payday loans solve their financial problems? 3. What is the eligibility for obtaining a payday loan? 4. Who are the competitors in the market? figure statement To pro mote access to diverse, healthy and comprehensive financial services for households in Kansas. This will be through offering cost-effective loan rates and innovative methods of loan applications for customer convenience. Literature canvass What is a payday loan? Payday lending business will provide short terms loans for a supreme period of two weeks, to households who are in need of money or individuals that do not opt for other sources of credit.Caskey and John (2012), define a payday loan service as a loan gotten from a business that is not a bank. These businesses operate under different titles and take rankdated checks as collateral. Hodson (2009) describes a payday loan as a short term borrowing where the borrower borrows money at a high pursuit rate. The borrower writes a postdated personal bank check in the month they wish to borrow including a fee in exchange for cash. The borrower does hold onto the cheques and cashes it on the agreed upon date. How pay day works The b orrower visits a lending store and secures cash, which is due in full at the borrowers next pay day. The borrower then writes a post dated cheque with the full amount including the fees. Upon maturity of the check, the borrower returns the loan and if he fails to, the lender redeems the cheque.The borrower incurs a bounced cheque fee from his bank plus the cost of