Trusting the other, understanding how you think and feel, or making you feel safe, among other things, are indispensable points for a good relationship between a borrower and an investor . Without the confidence and empathy in Crowdlending, the engine of this system would run out.
Paying the installments of the loan granted
When our mother lends us € 20 to buy us a sweater or when a friend leaves us money for dinner, we feel obliged to return it as soon as possible so as not to cause damage to the person who left us the money. On the other hand, if we do not know the lender, it is more difficult for us to put ourselves in his place and we can even stop paying the installments of the loan granted.
Lent the money and in the end there is an undesirable situation on both sides
This happens because some people do not put themselves in the place of those who lent the money and in the end there is an undesirable situation on both sides. Neither the lender “risks” again by lending the money, nor does the borrower get better conditions. This occurs in the traditional banking system, since interest is raised to offset the part to be returned to the entity.
Hard time when charging for the money invested
In Good Finance, in addition to having a Coverage System to increase the level of trust of lenders , we conduct a thorough study of each borrower’s cases . We investigate if you are a solvent, serious and responsible person with payments, so that investors (people like you and me), do not have to have a hard time when charging for the money invested.
Improve the conditions of the loans granted
Thanks to this policy, in Good Finance we have been able to improve the conditions of the loans granted , so that there is a double benefit: neither the borrowers pay more for their loans, since there is a very low risk of delinquency; Nor are investors afraid to invest their money in personal projects. It’s people’s time. Good Finance is the first online Crowdlending platform where those looking for a loan and those who want to invest their money come together to win together.