Financial Services (105)
The Russian post office has launched a new financial product for consumers. They can get a microcredit loan (between $100-200 USD) in any post office branch simply by presenting a piece of identification.
Why it matters
Microcredit is something that has really taken off in underdeveloped countries and is usually associated with business development. Will this niche offering attract local customers considering the small amounts loaned?
Fidor Bank from Munich promises their customers they will increase their interest rate depending on the amount of likes they get on their Facebook page. The rate will go up by 0.1% for every thousand fans, though the maximum increase is set at 1.5 per cent in 2012.
Classic German camera manufacturer Leica has aligned with French fashion brand Hermès to present the ultra rare M7 luxury camera edition. The silver chromed models come with an anodized silver 35mm lens, in a limited edition of 200. Whether you prefer the orange or etoupe calfskin leather version – for only $14,250 it could be yours!