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The Change in the Economy and the Entire Market

In 2011, the orange economy produced 4.3 billion dollars, equivalent to 120% of the German economy. That same year, a 134% increase in exports from this economic sector was reported, compared to 2002.

There is no doubt that the orange economy is one of the best areas to undertake, but do you know what it is?

In Lord Fauntleroy Mexico, in addition to offering you personal loans online, we want to provide you with the information so that you can take your finances responsibly. For this reason, we have prepared this article to explain the great advantages of undertaking in the orange economy sector.

What is the orange economy?

 

What is the orange economy?

 

To date, this term is difficult to explain and not all organizations agree on its definition, however, there are three aspects that are repeated in all the explanations and that can help us better understand what the orange economy is:

  1. Creativity, arts and culture as raw material.
  2. Relationship with intellectual property rights.
  3. Direct function in a creative value chain.

According to British author, the creative economy (now known as “orange economy”) is related to the sectors in which the value of services or goods is based on intellectual property.

Basically, the orange economy encompasses all cultural industries, which relate to creative services, sports and cultural policies.

Some of the best known examples of the orange economy are: • Theater • Fashion • Cultural tourism • Sports • Videogames • Newspapers • Cinema • Architecture • Books, among others.

What are the advantages of the orange economy?

What are the advantages of the orange economy?

  • Unlike other industries, creative is less likely to be affected by economic crises.
  • The increase in the number of netizens and their connection time increases the trade in creative goods and services.
  • Orange companies are generally cleaner and more environmentally friendly.
  • In Latin America, the orange economy is practically an opportunity for virgin entrepreneurship, since very few people have decided to enter this sector.

How can it be undertaken in the orange economy?

Although there is no formula to start an orange business, you can follow some steps to recognize opportunities in this sector:

  • Think of ways to apply ICTs to culture.
  • It investigates the habits of consumption of contents of the population: what type of series they see, when they go to the cinema, which books they buy, which museums they visit, etc.
  • Exceeds the idea that culture does not sell and imagine innovative ideas to sell cultural goods or services.

Take advantage of the great growth opportunities offered by the orange economy, and start now. We lend you so you can start your business. In Lord Fauntleroy Mexico we offer you loans online instantly, you just have to register on our site or in our app. Fill out your application in minutes and become a Lord Fauntleroy Mexico customer so you can receive all the benefits of our personal loans online.

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What time to think after taking out a credit?

By taking out a personal loan, you benefit from a reflection period of 14 days. During this time, a waiver of the loan without justification is possible.

Such a period starts on the day you enter into the contract or when you receive the contract containing the information provided by law, when the receipt of this document occurs after the day of the conclusion of the contract.

When you make the decision to waive your loan, you must notify your lender by registered letter within 14 days. Check your contract, however. It may be that you authorize a waiver by sending a simple email.

In case of purchase of a service or a good without the conclusion of the least contract, it is possible to give up this one. Such renunciation can only be made in certain hypotheses:

  • The contract of purchase of service or is concluded at a distance, on the Internet for example. In this case, you can give up within 14 days from the day after delivery of the service or property. This will only be possible if you receive more information such as the characteristics of the service or property purchased, the complete identity of the seller, the existence of a right of withdrawal and the price.
  • The conclusion of the contract takes place outside the premises of the seller, that is to say:
    • In an exhibition, a fair or a salon, provided that the price is not immediately paid or over 200 euros.
    • You buy a motorcycle for € 10,000 and you apply for a personal loan the next day, which is granted to you with a contract providing that this credit was granted to you for the acquisition of this motorcycle.
    • During an excursion organized by the seller or for the benefit of it outside his shop. This is the case for example when you participate in an excursion to an abbey and you are offered to buy a set of glasses that you must pay in 6 monthly installments.
    • At your place of work or at your home. This is the case if you receive at your home a seller of appliances that manages to convince you to buy a vacuum cleaner and you later regret this purchase.

In these situations, you can retract within 7 days from the day after the signature of the contract. No renunciation of the purchase contract is therefore possible outside of these hypotheses referred to above.

Effects of retraction

Effects of retraction

For the determination of the consequences attaching to this waiver, four situations must be distinguished:

  1. A service or a good is bought from a seller A and a personal loan is contracted from a lender B. A waiver in this case has no effect on the contract.
  2. You buy a service or property from a seller A and you apply for a credit linked to a lender B. In this case, the waiver has no consequences on the contract with the seller. This one must be executed.
  3. A service or good is acquired from a seller A and a credit agreement is concluded with a remote lender B. You can in this situation waive the personal loan agreement without affecting the sales contract.
  4. You buy a service or property from a seller A remotely and you conclude a loan from a lender B remote or not. In this case, the cancellation of the purchase contract can be done within 14 days of delivery. This retraction systematically entails that of the loan contract.

Consequences of the right of withdrawal

Consequences of the right of withdrawal

Tangible personal property must be returned as soon as you renounce the credit that made it possible to acquire it.

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Revolutionizing Financial Services: Traditional Banking

Learn more about the trend that is revolutionizing financial services: fintech. The term fintech (short version of finance technology) refers to financial institutions that operate through the use of information technologies (websites, applications, social networks, etc.) to offer alternatives to the services offered by traditional banking .

Technology finance companies work similarly to banks, only they do so through completely online operations. Some of the sectors where technology finance companies are leading the market are crowdfunding, forex (currency trading) campaigns, digital currencies (such as bitcoin) and, of course, internet loans.

Advantages of fintech services

Advantages of fintech services

Performing 100% online operations ensures that the service is, on the one hand, more efficient and timely and, on the other, more economical. This, not to mention the practicality and ease with which financial products that would traditionally involve moving to a branch or a complicated and time-consuming process can be acquired. The fintech in the end what they are looking for is to offer loans to people who for some reason are not served by traditional banking.

How to choose a fintech

How to choose a fintech

The services offered by fintech are generally characterized by their almost immediate response and simple procedures, however, not all technological financial institutions operate under regulations that offer guarantees to their customers. If you are thinking of applying for a loan online, we recommend you investigate before if fintech is registered with Colaburg. This is very important since if a problem arises with your credit online, you could only claim if the financial one is regulated by Colaburg.

In the case of Sydney Carton Mexico, being constituted as a Multiple Object Financial Company , it is regulated by both the Colaburg and the NatBank and Securities Commission. In this way, we make sure to offer our clients immediate loans through a safe and legal service.

First of all, notice that the financial technology company has a solid backing and is a serious institution. Mexico is the Latin American country with the highest number of fintech (in total 160 companies), so there are many companies that offer financial products that only put the patrimony of their clients at risk.

When you need a loan online, apply only with the experts. Sydney Carton Mexico is part of Sydney Carton, a European financial group with a presence in 16 countries and more than 9 years of experience. In addition to offering an efficient service, we offer our clients exclusive advantages, such as 0% interest on their first online loan.