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A lending platform for Foreign Domestic Workers who need help
Introduction
Introduction
Borrowing money for emergencies back home can be difficult and expensive. Lending Help would like to help Foreign Domestic Workers (FDWs) get access to funds at a low or no cost at all.
How do we do this?
How do we do this?
Example: Amy needs to borrow $500 for an emergency back in Philippines and applies for a 3 month loan with Lending Help. We will publish Amy's Loan Case in our platform and to ask for 50 people who are willing to lend Amy $10 for 3 months - this is called crowd sourcing. Amy will receive $500 in her account. Every month, Amy will repay her loan through Lending Help who will distribute the repayment to the Lenders.
Tell us what is your situation and the amount that you need. We will share this in our platform and match you with individuals who are willing to help you. The maximum loan allowed is $1,000.
View profiles of individuals who need help and contribute directly to them. You can only loan a maximum of $10 to any loan request and the maximum loan duration is 6 months.
FAQ - I need a Loan
FAQ - I need a Loan
Q. What is the fees to borrow money?
A. We are not charging any fees at all at the moment.
Q. How fast can I get the loan into my account?
A. This will depend on how many in the community is willing to help. We are continually searching for individuals who are willing to help and will grow our community.
Q. Can I repay the loan earlier?
A. Of course! There is no charge or fees for doing that. In fact, this will allow other people to have access to the funds.
FAQ - I want to help
FAQ - I want to help
Q. Who can help?
Anyone who has a Singapore bank account can help. Please fill up this form to sign up and we will be in touch with you.
Q. Will I earn any interest Fees when I lend my money?
A. No, as this is a social effort. We are not facilitating any profit.
Q. Do you guarantee that the loan will be repaid?
A. We will do our best to ensure the loans are repaid, but we do not guarantee it.
Q. Are you sure the loan case are real?
A. We verify each loan case to make sure they are legally employed and working in Singapore. We meet each loan case face-to-face and verify their loan request. We are also building a community verification by getting the community to verify for the loan request.
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