IMPORTANT NOTICE: Mytrustin offers no warranty or promise to make cash payouts to lenders. Please see our Terms of Use for more information.
IMPORTANT NOTICE: Mytrustin offers no warranty or promise to make cash payouts to lenders. Please see our Terms of Use for more information.
Why are so many of my repayments made early or late, or in greater or lesser amounts than scheduled?
Mytrustin is a nonprofit organization engaged in the facilitation of microfinance lending to low-income entrepreneurs in developing countries. Mytrustin's primary purpose is to provide financial aid in the form of loans. Mytrustin believes that its lending model fosters a sense of responsibility and success for borrowers who repay their loans. The principal purpose of Mytrustin's lenders in funding loans is to improve the lives of these entrepreneurs, and not to make a profitable financial investment. Lending to entrepreneurs through Mytrustin involves a meaningful risk of loss of your principal lent. In addition, you are very likely to lose money in real terms on any loan you fund, even if it is repaid by the borrower, as a result of currency exchange rate changes, PayPal fees applied to uploading credit to your lender account, inflation and other factors affecting the value of principal and interest payments made by a borrower. Accordingly, we recommend that you consider lending through Mytrustin to be a philanthropic activity, and you should not lend more money through Mytrustin than you are prepared to lose.
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