Lender Testimonial- See what our happy client has to say about us!
The rise of FinTech today offers individuals new opportunities for investments. Within a few clicks, you can fund a loan, earn passive income on your investment and support the local economy, thus, unlocking smiles and transforming lives.
Our lenders comes from diverse professional background and age group. We spoke to Mr Nitin Buantoa , one of our lender to learn more about their motivation for embracing Peer to Peer Lending and their experience with our online platform.
Let's meet Mr Nitin Buantoa !
What is your experience with the platform as a Lender?
The platform is very dynamic and self-intuitive. It provides a 360 degree view of borrowers as well as our own account; The reports are interest where you get a projection of your return on investment.?
Why you are investing with FinClub ?
Mostly because of the transparency we see through the platform and the dynamic team around FinClub. It does not require big investment and most interesting is that you can use your own return on investment to invest again.
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The returns earned on your investments compared with your other asset classes?
Again, this is an easy return on investment compare to other asset classes; the fact that you can check profile of borrowers at any point of time, it allows you to take decision instantly.?
The social aspect of your investment, that is, how by financing medical/educational and wedding loans, you feel fulfilled and making a difference in the lives of fellow Mauritians?
We are everyday on Radio how many difficult cases we have where people need small amount of money for medical/educational and when they turn to the Banks, it’s always a nightmare especially when the loan amount is less than 100k; they must go through the same paperwork as that of a big loan. I guess FinClub is contributing greatly towards social aspect by enabling this platform in Mauritius.?
Why should others follow in your footsteps and register as a Lender with FinClub ?
With the platform FinClub has setup, anyone can become an investor especially young generation; the early they start investing, they will benefit a good return of investment in a long run. People getting into FinClub will really see how they can make their own money to work for them; instead of keeping their fund at banks with a very low interest.?
When you lend to a borrower on our platform, you are supporting local businesses, local jobs and ultimately the local economy. Lenders can further diversify their investments on our platforms by spreading the total amount they intend to invest across multiple projects.
To recap, FinClub is the first FinTech startup to secure a full-fledged Peer to Peer Lending license from the Financial Services Commission, Mauritius , the non-banking financial regulator in Mauritius. Operational since September 2021, our platform,?FinClub.mu, connects creditworthy individuals looking for short term loans directly with individual investors, who are willing to lend them the money and in doing so, earn higher interest rates than they normally would derive from traditional instruments such as Savings account, term deposits or bonds.
If you're interested to learn more about investing in P2P Loans and start earning higher returns, please visit our?platform?or call us on 468 7400 or 5255 7413 to book a FREE personalised induction call with one of our financial analysts.