Peer to peer lending and fundraising have long been connected in a strong relationship. Peer to peer lending makes the whole phenomenon of fundraising something quite easy and fun filled. Easy fundraising ideas and garnering funds to support a cause easily for sure attract peer to peer lending investors from far and wide. But before a fundraiser ventures into this lending model for investment, he should be well aware of the rules governing such an investment and fundraising scheme. We present in some details some key things to look into before moving forward with peer to peer lending.
Things to keep in mind in peer to peer lending model
Few things hold the key in any investment model for starters. With an age full of peer to peer lending investors on the lookout for interesting, innovative and creative fundraising ideas; efforts should be made consciously on behalf of the fundraisers to live up to the expectations being sought for. But choosing the right option while selecting amongst many investors of the peer to peer lending model, one as to patiently weigh down the pros and cons and make the correct selection considering he following key aspects.
- Eligibility criteria: The first and foremost consideration for a fundraiser to select the best peer to peer lending investor is to look into the fact that what amount of funds an investor is ready to put into a fundraising project. The greater this amount, the better for a fundraiser. This lending model based funding from an investor is certainly the chief aspect to consider before selection of an investor for fundraising for a cause.
- Procedure: Well we all prefer easier procedure for investment. Fundraisers should also prefer such an investors in the peer to peer lending model for an investment. Easier procedure for an investment is most preferred for hassle free and effort free fundraising.
- Penalties: A lot of investors in the peer to peer lending model for fundraising attach the column of a penalty before investment. A smart fundraiser should be aware of all these and choose such an investor who has the lowest value of penalty attached. This can be of much help in the long run and for the interest of the funds being collected.
- Support: A good support from the investors in a peer to peer lending model for fundraising is another aspect to consider before selecting an investor in this model. An investor who also provides due support to make a fundraising event a greater success should always be preferred. Any fundraiser looking for an investor should also consider the support aspect into greater consideration.
