Interest Rates (continued from below)

Simcountry Home   Simcountry Documentation   Simcountry Documentation   Simcountry Terminology
online games, multiplayer games
bullet Simcountry is an Online Digital World where you are the President of a country.
bullet No download needed!
What is Simcountry?
Beginners Info
What is Simcountry?
| | | |
Previous document: Biological Weapons on the world market
Next document: September 19, 2006
More documents: How to Play Simcountry

Interest Rates (continued from below) Status: Please read our response

Detailed Description:

I completely agree with the interest rate vote and would like to add one more feature:

I would like the players who are offering loans to be able to SET THEIR OWN INTEREST RATES (within a certain boundary). This would increase competition, which would make this facet of the game more realistic.

Also, those looking for loans should be able to search for loans with certain percentage rate. The World Bank would give them a rate determined by their credit history, while the loan seeker could look to other players for a loan that would be more favorable. If the player offering loans ACCEPTS the loan request from the player applying for one. (This would mean that those who give loans would have a ONE TIME ONLY chance to see the applicants financial status to approve or decline the loan. (The player can always fall back on the World Bank guaranteed loans if declined).

Vote YES if you agree to this proposal.

Vote NO if you do not.

50 gamers voted for the proposal.
9 gamers voted against the proposal.

The proposal has been ACCEPTED.

W3Creative reaction:

We agree. It should be an open market with offers and requests and also some risk of bankruptcy. Current loans are always secured and they should not be. The higher the risk, the higher the interest rate.

This is described in exactly this way two years ago and was never developed because of more urgent features that came in the way.

Simcountry Introduction