SoLo Funds: Lend & Borrow

Key Features and Financial Benefits

Community-Powered Peer-to-Peer Lending: Borrowers create a public request for a small loan (typically $20-$575). Lenders in the community can browse requests, review profiles, and choose to fund the ones they wish to support.

Transparent, Tip-Based Model: Borrowers set a voluntary "Tip" for the lender (which acts as the lender's return) and can also pay a voluntary donation to SoLo to support the platform. This model often results in lower costs than high-interest payday loans or overdraft fees.

Fast Funding and Repayment: Once a loan request is fully funded by one or more lenders, the money is typically deposited into the borrower's account in minutes. Repayment is automated on the agreed-upon date.

Social Trust and Profile System: Both borrowers and lenders build a reputation on the platform. Timely repayments improve a borrower's "SoLo Score," making it easier to secure future loans. Lenders can see this history before deciding to fund.

Automated Repayment and Security: Repayments are automatically processed via ACH on the due date, providing security for lenders. SoLo also offers optional default protection for lenders for a small fee.

Who Is SoLo Funds For?

Individuals Facing Short-Term Cash Gaps: People who need a small amount to cover an unexpected bill, repair, or expense before their next paycheck.

Socially Conscious Lenders: Individuals with some spare cash who want to help others while earning a modest return, viewing it as an alternative to traditional investing with a direct social impact.

Those Excluded from Traditional Credit: People with limited or no credit history who need access to small amounts of capital without predatory interest rates.

Community-Minded Individuals: Users who believe in the power of community support and prefer a human-centric approach to finance over impersonal institutions.

How to Participate in the Community

Click the button “Check All Versions” below to download and install SoLo Funds on your device.

Create a profile and link your bank account for secure transactions.

As a Borrower: Create a loan request by specifying the amount, repayment date, and voluntary tip. Share your reason for the loan to connect with lenders.

As a Lender: Browse open loan requests, review borrower profiles and their SoLo Score, and fund requests you feel good about supporting, either in full or in part.

Track your active loans or investments in the app, and manage automated repayments or deposits seamlessly.

Unexpected expenses happen, but traditional lending options can be slow, expensive, or out of reach for many. SoLo Funds: Lend & Borrow creates a more human, community-driven solution by connecting individuals who need a short-term loan with those willing to provide one. It’s a peer-to-peer marketplace designed for financial empowerment, allowing borrowers to access small amounts of cash quickly while giving lenders the opportunity to earn a return by helping their neighbors. Built on transparency and mutual support, SoLo Funds bypasses traditional banking hurdles, offering a faster, more flexible, and socially conscious alternative for managing life's financial bumps.

Key Features and Financial Benefits

Community-Powered Peer-to-Peer Lending: Borrowers create a public request for a small loan (typically $20-$575). Lenders in the community can browse requests, review profiles, and choose to fund the ones they wish to support.
Transparent, Tip-Based Model: Borrowers set a voluntary "Tip" for the lender (which acts as the lender's return) and can also pay a voluntary donation to SoLo to support the platform. This model often results in lower costs than high-interest payday loans or overdraft fees.
Fast Funding and Repayment: Once a loan request is fully funded by one or more lenders, the money is typically deposited into the borrower's account in minutes. Repayment is automated on the agreed-upon date.
Social Trust and Profile System: Both borrowers and lenders build a reputation on the platform. Timely repayments improve a borrower's "SoLo Score," making it easier to secure future loans. Lenders can see this history before deciding to fund.
Automated Repayment and Security: Repayments are automatically processed via ACH on the due date, providing security for lenders. SoLo also offers optional default protection for lenders for a small fee.

Who Is SoLo Funds For?

Individuals Facing Short-Term Cash Gaps: People who need a small amount to cover an unexpected bill, repair, or expense before their next paycheck.
Socially Conscious Lenders: Individuals with some spare cash who want to help others while earning a modest return, viewing it as an alternative to traditional investing with a direct social impact.
Those Excluded from Traditional Credit: People with limited or no credit history who need access to small amounts of capital without predatory interest rates.
Community-Minded Individuals: Users who believe in the power of community support and prefer a human-centric approach to finance over impersonal institutions.

How to Participate in the Community

Click the button “Check All Versions” below to download and install SoLo Funds on your device.
Create a profile and link your bank account for secure transactions.
As a Borrower: Create a loan request by specifying the amount, repayment date, and voluntary tip. Share your reason for the loan to connect with lenders.
As a Lender: Browse open loan requests, review borrower profiles and their SoLo Score, and fund requests you feel good about supporting, either in full or in part.
Track your active loans or investments in the app, and manage automated repayments or deposits seamlessly.