Mytrustin is the first online microlending community that directly connects lenders and borrowers - no matter the distance or disparity between them. We bypass expensive local banks and intermediaries that charge sky-high interest rates and offer a person-to-person platform that lets lenders and borrowers communicate openly and instantly. thousands of people worldwide have started using Mytrustin.
We eliminate the middleman so that you can more fully unleash someone's business potential. Unlike more mainstream microloan websites that use local intermediary organizations, Mytrustin offers a direct person-to-person lending platform that eliminates intermediaries completely.
Because there is no intermediary in charge of the loan, the cost of borrowing is much less than with other microfinance sites.Entrepreneur Magazine
Why is direct better? Because loans managed by local intermediary organizations charge exorbitant interest rates to the borrowers to cover their own administrative costs. Lower cost means borrowers keep more of their earnings.
Not only do we eliminate the middleman to dramatically reduce the cost of microlending for borrowers, we also give lenders the opportunity to make interest on the loans they fund. It's a win-win: Mytrustin borrowers pay far less and lenders have the right to set the interest rate, if any, at which to lend their funds. Learn how it works.
"Just as Airbnb connects travelers directly to hosts, Mytrustin connects lenders directly to borrowers, providing not only an affordable loan, but also a personal connection".Gmail Creator Paul Buchheit
Did we mention that lenders and borrowers can communicate with each other directly? That's right - you can see everyone's success stories unfold right before your eyes and experience it with them from the other side of the world.
"By enabling the efficient flow of capital across international boundaries and wealth divisions, and by allowing lenders to connect with and send money directly to borrowers, peer-to-peer micro-lending has the ability to have an enormous impact - on a global scale".TechCrunch
Developing countries are home to unbelievable amounts of energy, ingenuity, and ambition. And because millions of young adults in developing countries are now online, they no longer need charities or aid organizations to tell their remarkable stories. But while they may have access to online social connectivity, they don't have access to the resources needed to live up to all that ambition. Formal jobs are scarce. Self-employed workers make meager earnings and lack the capital needed to grow their businesses. Local banks rarely help them out.
Many microlending sites look similar to Mytrustin, and it can be hard to choose. Here are some pages we put together to help you learn more.
Your loan might be considered "micro" - but its effect is magnificent. Exciting, right? Enjoy connecting with responsible, motivated people and helping them reach their goals, regardless of their location. Start exploring available loan opportunities.
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