Collateralize loans via Family, Freinds & More
Creative solutions, creative results.
Advantages
For SMEs and Students:
* Access to Collateral: Overcome the lack of collateral, a major barrier for young entrepreneurs and women.
* Micro-loans: Secure micro-loans for essential items like motorbikes, enabling business growth.
* Transparency: Build trust with family and friends by providing clear loan details and repayment progress.
* Reduced Interest Rates: Lower interest rates due to increased loan security through collateral.
For Family & Friends:
* Empowerment: Support loved ones' entrepreneurial dreams and contribute to their success.
* Investment Opportunity: Provide loans with the potential for returns, unlike traditional gifts.
* Transparency & Control: Track loan progress and receive regular updates on repayments.
* Social Impact: Contribute to community development and empower young entrepreneurs.
Additional Advantages:
* Secure Platform: Ensures safe and secure transactions with advanced billing and escrow accounts.
* Flexibility: Choose between gift or loan options based on individual preferences.
* Community Building: Fosters connections between entrepreneurs and their support network.
* Scalability: Potential to expand to other countries and support a wider range of entrepreneurs.
Overall, Fund Me Wizly is a platform that facilitates microloans for entrepreneurs by leveraging family and friends' support, offering benefits for both entrepreneurs and their supporters.
Items to Get Funded
AI Training Microsoft/Gebeya
Download our App, chose your favorite AI Training Microsoft/Gebeya and get funded.
Smart Phones
Download our App, chose your favorite smart phone and get funded.
Solar Kit
Download our App, chose your favorite solar kit , including solar pumps and get funded
Easy Steps
1. Apply now
Register online today and download our Collateralization App to apply for the item you want to purchase.
2. Invite Family & Friends
Reach out to your loved ones and invite them to support your dream!
3. Dreams comes true
Thanks to the support of your family and friends, your dream is within reach. Get ready to sign and purchase your dream item!
How it works?
Collateral Acquisition Process for Fund Me Wizly
Lets simplicity guide you:
1. Register: Download and Install our Collateralization App
2. Request Loan: They request a loan for a specific item (e.g., motorbike. solar pump, etc.) and let the partner bank defines the required collateral (10-100%).
3. Family & Friends Support: The platform automatically sends requests to the entrepreneur's family and friends (the beneficiary Is providing the list ), who can choose to contribute as a gift or loan.
4. Contribution Options: Participants can contribute anonymously or publicly and choose between gift or loan options.
5. Loan Approval: Once the required collateral is collected, the bank approves the loan within 7 business days and provides the item.
6. Repayment: Participants receive monthly notifications about the loan repayment. If the entrepreneur defaults, participants won't be reimbursed.
Benefits for Participants:
* No need to give: Participants provide a loan that the bank repays based on the entrepreneur's repayment.
* Transparency: Participants know exactly how their money is used.
Additional Notes:
* If the required amount isn't collected within 60 days, participants receive a refund minus a 5% administration fee.
* The platform keeps participants informed about the collected amount, remaining time, and amount needed.
* Fund Me Wizly is not a crowdfunding platform, but a tool for family and friends to support entrepreneurs.
Aida's Story
Aida's Journey to Entrepreneurship
Aida, a young woman from a rural community in Ethiopia, had a dream of starting her own tailoring business. However, she lacked the financial resources to purchase a sewing machine and other essential equipment. Traditional loan options were unavailable due to her lack of collateral.
Through Fund Me Wizly, Aida was able to connect with her family and friends, sharing her business plan and requesting support. Her loved ones, believing in her potential, contributed to her loan request, providing the necessary collateral to secure a microloan from the partner bank.
With the loan, Aida purchased a sewing machine, fabric, and other materials. She started her business, offering tailoring services to her community. Her hard work, talent, and dedication quickly gained recognition, and her business began to flourish.
By leveraging the support of her community and the innovative collateral solution, she was able to overcome financial barriers and turn her dream into reality.
Mission
Mission
Fund Me Wizly aims to provide individuals and communities with the tools and resources they need to take control of their financial futures.
Vision
Fund Me Wizly believes that by providing access to capital and fostering financial inclusion, they can contribute to a more prosperous and equitable world for all.
Values
Wizly operates with complete transparency, providing clear and accessible information to both businesses and investors. They strive to create a level playing field where everyone has a fair chance of success.
Download App
Download the app now and embark on your journey to success
Contact
- Addis Ababa, Ethiopia