Peer Lending 4ALL!
Stop idling your Money.
Start Lending via Our Platform
Borrow NOW for your emergencies.
Increase Productivity & Sales
Providing equal access to financial opportunity
DO YOU HAVE EXTRA CASH ON HAND? LEND TO OTHERS VIA THIS PLATFORM & EARN INTEREST!
Peer Lending 4ALL Purpose
Peer Lending 4ALL is a peer-to-peer micro-lending product of Bae-MSME Fund, that enables people with extra cash in their hands to lend small amounts of money to ambitious small business owners and entrepreneurial women-led revenue-generating activities. We make borrowing sexy and affordable in a market where 90% of businesses are MSMEs yet they receive less than 20% of total available credit. We’re tackling the credit gap and lowering the costing of borrowing. Big deal!
SME Peer-to-Peer Lending Plan
How It Works
Features
- We use technology to connect lenders from across the globe with technology-capable borrowers in Malawi.
- Those not able to access online services and without bank accounts are assisted with the process, so they can adopt digital finance. Entrepreneur makes application hoping that borrowed money will increase production and stocks.
- Investor avails funds to the lending platform via mobile money or through the platform’s bank accounts provided. Investors around the world chip in to fund bankable projects.
- Borrower fills an application form available on the platform or can request from secretariat via contacts provided. We offer Loans from MK10, 000 – MK450, 000. You request to borrow online or face-to-face.
- Once the approval process has taken place and the Funds requested are availed, the funds are disbursed to the Borrower via the provided bank account or mobile money account.
- The investor account balance is updated by deducting the amount borrower has bid.
- The Borrower as per agreement pays affordable accrued interest and affordable origination fees.
- Borrow at fixed interest rate of as low as 0.3% with fixed tenure. Repay with 30 to 90 days. Repay early with no additional fee. Check with secretariat or on loan calculator. Actual amounts may vary upon application. Agreed conditions on application apply.
- The Investor is at liberty, as per the agreed fixed term, to withdraw the sum of money reflected as available balance in the said wallet.
Eligibility
To borrow via this platform, you must meet the following criteria:
- Must be 21 years or older, with valid National ID.
- Provide proof of Residence.
- Have regular source of Income for not less than 6 months.
- Latest stamped pay-slip.
- Vouch for no criminal record.
- Must be able to bank electronically.
Investor
Pay-it-Forward Peer Lending Plan
Features
- We lend to Micro-Entrepreneurs so they make their business idea a reality, accessing MK in founder friendly borrowing, supported with one-on-one mentoring.
- The platform connects with individual lenders who send money directly to the platform and borrower receives directly from the platform to their verifiable bank accounts or mobile money account numbers.
- In this case, the money from the donor-lender is recycled over and over to several traceable small-scale growth entrepreneurs, as the loan is repaid and re-loaned. Most donor-lenders are overjoyed to see the resources they give, make lasting impact to underserved communities, lifting them out of poverty as well jump-starting them into a path to prosperity.
- Donor-lender is provided with inside information about a specific micro-entrepreneur, and you DONATE any amount you wish. You won’t be repaid, but instead, you’ll be able to watch and receive reports via our media platforms on how your valued resources and money have transformed and improved loves of targeted entrepreneurs. We also periodically spotlight donor-lenders about what they do and how they impact communities.
- Borrower is given fixed term in which to invest the money and repay the money for reroute lending to another entrepreneur in the project cycle. Borrower contributes service fee of 5% of the capital lent. The total is sent to the platform at the end of the project life cycle as per agreement.
- You can start with any amount as low as $20, $50, $100, and $1,000 and as the impact need demands. You will be glad to watch your money pass from one entrepreneur to the next in a transparent way by reporting how the seed impact has multiplied. Glory to God.
Borrower fills an application form available on the platform or can request from secretariat
Eligibility & Requirements
Borrower fills an application form available on the platform or can request from secretariat.
To borrow via this platform, you must meet the following criteria:
- Must be 21 years or older, with valid National ID.
- Provide proof of Residence.
- Proof of business.
- Regular source of Income for not less than 3 months.
- Vouch for no criminal record.
- Must be able to bank electronically.