Social Lender is a lending solution based on social reputation on mobile, online and social media platforms. Cash is offered to online communities of financial institutions for pay back within a short period with a transaction charge. Social Lender is built around the concept of Microcredit based on a users’ Social Reputation. Loans are guaranteed by the User’s Social profile and network.
The solution is designed to bridge the gap of immediate fund access for social media users and create an easier access to market for financial institutions. Social Lender is patent-pending and licensed to financial institutions in the countries of operation.
Social Lender harnesses value in the users’ Social Reputation using a proprietary algorithm. It performs a social audit of the user on social media, online and other related platforms and gives a Social Reputation Score to each User. Users can borrow from Banks and other financial institutions based on their Social Reputation Score.