Crafted with ♥ in Europe, eCrowdFundr is a organization that allows people to lend/donate money via the Internet to borrower/fundraiser. eCrowdFundr mission is "to connect people through lending/donate to alleviate poverty.
- Borrower creates a loan that describes his or her business and personal details. The loan's details are independently checked by eCrowdFundr
- Approved applicants post a loan request that describes their life story, the proposed investment, desired loan amount and repayment period. eCrowdFundr's lender participants then have the opportunity to finance all or a portion of the loan at zero interest.
- If enough lenders commit to lending the designated loan amount before the loan expires, the loan is funded and disbursed to the borrower; otherwise, it's expired, lenders are refunded and the borrower may try again with a new application.
- For successfully funded loans, 100% of lenders accepted bids are disbursed to the borrower.
- The borrower is obligated to repay principal and interest according to the schedule proposed in the loan application. Each time the borrower makes a repayment installment, lenders shares of principal repayment are credited to their accounts on the eCrowdFundr.
- eCrowdFundr borrowers are allowed to repayment their installment amount upward or downward an unlimited number of times. But late repayment fee will be charge.
- Donors like simple forms when making donations. You like getting the data that you need on the donation.
- We help you come together by giving you the tool to make a customized page that captures enough information and is easy for the donor to use.
- For successfully funded campaigns, 100% of donors accepted bids are disbursed to the fundraiser.