What We Do
We Collect Funds
We utilize group funding from people who care to make world impact. We hold the funds and lend it out to people who are in need. They will have months to repay their loan or up to a year.
We Lend Funds
We lend the money out to people who are in need and have a stable income in order to pay back the loan. At times these funds can be utilized for AC's, Laptops, New work devices, house hold needs, or even emergencies. As the loan amount is paid back in full, we then reutilize those funds for another family.
We Build Trust
People that pay back their loans fully, can nominate another recipient of funds. The first borrower, will back the second borrower in case of default. This creates a social credit score system. Allowing to build small groups of conscious borrowers. Part of receiving funds is that you must make a budget and learn financial literacy.
How Does It Work?
We connect great people with the emotion behind their money. We show people how their money is impacting lives, over and over again.
We give people on the other side of the globe the opportunity to get a loan in order to help them along their journey of life.
As the loan is paid back, the credit score of the payee grows trust in their ability to pay back the funds to One More Star.
Once paid in full, that payer can then nominate another person to receive funds. They will be fiscally responsible if the second borrower can't repay the loan.
Then that person can nominate someone, and all 3 become responsible for the repayment, and so forth.
Part of receiving funds through One More Star is that they must show a budget sheet for themselves, and invest in financial literacy for themselves.
