About Solofunds

SoLo Funds is a simple app that allows you to borrow anywhere from $50 to $1,000 from your peers. To begin, you need to create an account and enter how much you’re willing to tip for the loan, when you want to repay it and how you plan to use the funds. SoLo states that even simple descriptions like “electricity bill” or “car repair” work far better than more generic ones like "bills" or "household necessities."

About the oppurtunity

Earn money by making microloans to individuals and collect interest and tips. By making loans to borrowers through SoLo, you can earn appreciation tips for helping others through financial hardship. It’s as simple as browsing through the Marketplace, finding loans that meet your lending criteria, and sending the funds. When the borrower pays you back, the funds and agreed upon appreciation tip will be sent directly to your bank account. It’s that easy. See where your money goes for full transparency. SoLo allows you to view a host of details pertaining to each loan, such as past repayment history, before you elect whether or not to fund a particular loan. Our sortable Marketplace displays a variety of borrower dimensions like tip amount, loan reason, and payback date, allowing you to focus on the criteria most important to your lending decisions.