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You are interested in introducing a new loan service to a market within a specific geographic region, which has a general population of 250,000. You
You are interested in introducing a new loan service to a market within a specific geographic region, which has a general population of 250,000. You are targeting low- income consumers with bad credit who might have difficulty securing a loan through traditional means. In this market, you determine that 17.6 percent of individuals live below standard means, and you obtain figures showing 26.4 percent of individuals have a credit score below 600, and are listed as risky lienors. Using a top-down approach, provide a general estimate for the size of the loan market. You are interested in introducing a new loan service to a market within a specific geographic region, which has a general population of 250,000. You are targeting low- income consumers with bad credit who might have difficulty securing a loan through traditional means. In this market, you determine that 17.6 percent of individuals live below standard means, and you obtain figures showing 26.4 percent of individuals have a credit score below 600, and are listed as risky lienors. Using a top-down approach, provide a general estimate for the size of the loan market
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