World

A Lot of Students are Opting for Online Financial Programs to Get Loans due to their Poor Credit History

Published

5 years ago

February 10, 2020

In a global survey, it has come to notice that the number of students opting for online financial programs to get education loans has increased significantly over the last few years. And it has simply been observed that the major reason for this trend is their poor credit history. As young students don’t have much knowledge about maintaining their credit score, they fail to arrange funds from traditional financial sources.

There are plenty of online financing platforms available to help people take loans for different purposes. Such platforms do not just provide loans at an affordable interest rate but they also ensure disbursement of funds at a fast rate. A lot of students across the world need money for taking education from different universities and they also require money to pay for learning different new skills as well as to work on their new projects.

Although the interest rate in online financing programs is a little higher than what one expects from traditional financial sources, it is possible to get a loan amount from these mediums in no time. The best part about financing from online sources like https://slickcashloan.com/personal-loans/bad-credit-loans.php is that they don’t take into consideration the credit history for granting bad credit loans to people. In the US, a high volume of students is taking personal loans and educations loans to meet various financial needs in their daily lives.

The decline in the student loan refinancing rate has also been an important factor that has been leading to the high inclination of people towards opting for such education loans. The rates for student loan refinancing in the US have slashed to a low value of 1.9% for variable and 3.1% for fixed. This has simply made it possible for student loan borrowers to arrange money at lower interest rates and to pay-off debt at a faster rate.

World

Turkish Textile Giant Sun Textile Solution Proposal for Drought

Published

3 months ago

February 4, 2025

Jenny Jackson

While the World Health Organization (WHO) and the United Nations (UN) are seeking solutions to combat drought through various projects, Ekoten Textile, a subsidiary of Turkey’s textile giant Sun Textile, has developed a groundbreaking project in collaboration with a technology startup to minimize the intensive water consumption in the textile industry. This pioneering project, the first of its kind globally, will enable the recycling and reuse of up to 90% of the water used in textile production.

Drought is one of the most pressing issues facing the world today. According to WHO data, 40% of the global population is struggling with water scarcity. By 2030, up to 700 million people could be forced to migrate due to drought. The unconscious use of water in global production processes plays a significant role in the rapid depletion of clean water resources.

The textile industry is one of the sectors with the highest water consumption. In Turkey, while the food industry consumes 22% of the water used for industrial purposes, the textile sector follows closely with 18%. For instance, producing an average of 40 tons of products daily requires 2,500 tons of water, equivalent to the daily water consumption of approximately 10,000 people.

CLEAN WATER RESOURCES FOR HUNDREDS OF THOUSANDS OF PEOPLE EVERY DAY!

In textile production, where clean water resources are heavily consumed, the innovative success of the Turkish company stands out as a global best practice. This initiative will shape the future of the industry. The wastewater recycling project, developed through intensive R&D efforts, will ensure that over 90% of the required water is sourced from recycled supplies.

The reuse of wastewater in production will transform the fate of countries operating in the textile sector. By preventing the use of clean water resources for textile production, this project will free up clean water sources that can meet the daily needs of hundreds of thousands of people.

R&D ACTIVITIES IN 38 COUNTRIES WITH 380 PARTNERS!

Sun Textile places great emphasis on R&D activities, conducting research and development efforts with 380 partners across 38 countries. Sun Textile and its subsidiary Ekoten Textile export nearly 90% of their production, solidifying their identity as a leading exporter. The company ships products to numerous destinations worldwide, including European countries, the UK, and the US. Sun Textile, the leading ready-to-wear exporter in the Aegean Region, achieved a consolidated turnover of 250 million euros in the third quarter of 2024, continuing its active growth trajectory.

OFFERING CUSTOM DESIGNS TO CUSTOMERS

Sun Textile provides its own designed collections to leading brands in Europe and the UK. Ekoten Textile, its subsidiary, is among the most respected knitted fabric manufacturers in Turkey and Europe.

With a dedicated sales team for each major customer group and five design offices in three different countries, Sun Textile creates designs tailored to its customers’ needs. Its largest clients include the Inditex Group, H&M, Jimmy Key, Tesco, Kiabi, Marks & Spencer, and Next.

Sun Textile also extends its sustainability approach to social responsibility, notably for its high ratio of female employees. The company, which went public in 2022, is also listed in dividend indexes.