Back to news

Do you want to be a financial “genius”? Here are the secrets you should know!


Have you ever wondered what it takes to become a money genius? In fact, it is enough to know only a few simple concepts.

What is credit?

For a moment, let’s think of products and services as candy and money as sugar. Getting a loan is like borrowing sugar from your neighbor, but with a clear plan of when you will pay it back. While the neighbor has lent you his sugar bowl, he has had to postpone cooking his dessert or he has gone and asked someone else for this amount of debt himself.

All this is the cost he has borne by giving you his ration of sugar. The neighbor wants to share this cost with you in the form of an interest. So the interest on your loan is what it costs your neighbor to help you.

Using the same example, imagine that you now have a craving for a dessert, but you have less sugar than you should. But in the future, you will have several different types of sugar. What if you could enjoy today’s dessert with tomorrow’s sugar?

This is how the smart solution “Buy now, Pay later” was born.

In order to make this concept as tangible as possible, we spoke with the jute expert Mrs. Lida Xhengo: “iute offers what has existed in the world for decades as a convenience: the “Pay Later” service. Practically, this is a trust service, where we help the customer to get the sweet offers, products and services that he aims for, without using his limited amount of “sugar”, but trusting that he will be able to continue to pay. Thus, his wishes are fulfilled without harming the current finances, but our partners also have the opportunity to enrich their showcases with various “sweets”.

As you can see, being a financial genius is like knowing how to cook a dessert. With the fast service “Pay Later”, you can enjoy the “sweet” offers, without hurting your current finances.

More in latest news See all news

Beyond traditional Risk Management practices: iute’s proactive approach

Mes kompleksitetit të peizazhit të sotëm ekonomik, menaxhimi i rreziqeve është bërë një shqetësim kryesor për bizneset në mbarë botën. Në një intervistë me përfaqësuesen e kompanisë fintech iute, Drejtoreshën e Departamentit të Riskut Alma Hasanaj, ne thellohemi në thelbin e filozofisë së menaxhimit të rrezikut, duke zbuluar strategjitë dhe njohuritë që nxisin besueshmërinë tekread more

The truth of offers with 0% interest; smart financing!

In an era of financial uncertainty, one offer stands out: Installment payments with 0% interest! But what is behind this deal? In this article you will discover the benefits and transparency behind these tempting offers. How can we understand “product with installments, with zero interest”? At first glance, buying on installments with 0% interest mayread more

Another day, another sports event sponsored by iute Albania

On Sunday, March 24, the “Kamza Marathon” event took place and it was a real success. In a special location near the lake of Paskuqani, the city of Kamza and its inhabitants experienced for the first time the emotions that the marathon conveys as a comprehensive sports event. Hundreds of professional and amateur athletes competedread more