Lendwise: The Social Impact IFISA
*Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more. https://www.lendwise.com/invest/education
The money in your Innovative Finance ISA (IFISA) has the potential to make a powerful social impact alongside a personal profit.
Peer-to-peer education finance helps students—who may find it challenging to get affordable credit elsewhere—achieve their academic and career goals, while also increasing their chances of earning a higher future income.
Lendwise, a UK-based loan crowdfunding platform, is leading the way in this field by allowing investors to fund student loans and make a positive impact on society. The platform’s commitment to doing social good has already paid off to both sets of stakeholders. Investors have historically received average returns of up to nine per cent per annum, and borrowers have gone on to become doctors, nurses, academics, and other professionals who have made positive contributions to society.
Lendwise chief executive Rishi Zaveri explains, “The founders wanted to do something not only entrepreneurial, but something that had this aspect of making a difference to wider society. Enabling access to education is very much something that ticks that box for us.”
The platform’s commitment to social good is evident in the way it structures its loans. Lendwise offers education loans to graduates who are keen to improve their earning potential and make a difference in the wider world.
Lendwise is a platform that is committed to creating positive social change through its loan products. It offers education loans to graduates who are eager to increase their earning potential and make an impact in the world. The company understands that access to education can be a major barrier of entry into certain industries, and it seeks to bridge this gap by providing financial assistance. It also structures its loans in such a way that borrowers can pay off their debt while still having the resources they need for other expenses. With its commitment to social good, Lendwise is helping open doors for students and graduates around the world.
The loans feature no repayments while you study, the flexibility to repay early or make overpayments without any penalties or charges, and a fixed interest rate. This makes it easier for borrowers to achieve their goals and ultimately contribute positively to society.
For students looking for financial assistance, loans with no repayments while studying can be a great option. With the flexibility to make overpayments or repay early without any penalty or charges, and a fixed interest rate, these loans can make it easier for borrowers to plan their finances responsibly.
Investing in Lendwise via an IFISA account also has the added benefit of tax-exempt earnings. This makes it an even more attractive investment opportunity for those looking to make a difference in the world and earn a solid return on their money.
To assist investors in structuring their investments in a way that diversifies risk and matches their aims in terms of return and maturity, Lendwise offers its AutoLend Portfolio feature which allows each individual investor to tailor their investment by selecting maturity bands, interest rate bands, minimum and maximum amounts per loan and even specific universities. Repayments can be reinvested making this a hands-off investment.
Lendwise also provides a very active secondary marketplace where investors can buy or sell loan parts (thus enabling early access or rebalancing of their portfolios) provided that there is matching demand/supply from other platform investors.
In conclusion, Lendwise offers investors a unique opportunity to positively impact society while earning a solid return on their money. With an IFISA account, investors can also earn tax-exempt earnings. It’s a win-win situation for both the investors and society.