Danny McDonald
@danny_mcdonald · WaVE Accelerator Manager & Ark Apps
This is a great idea. I actually worked on a small startup for the Hult Prize 2016 competition. We traveled to Mumbai and tried to figure out a way to do micro investments in entrepreneurs. It was very rewarding and we flirted with the P2P concept a lot. the closest comparable I can think about is Kiva with their micro lending platform.
Going through your website a little as a lender and from a user experience perspective, I don't really feel compelled to give money. I feel it's missing a very human element here. I see plenty of words and lots of videos. Not a lot of impactful call here and I believe you guys are doing great things for people. I encourage you to get inspired by Kiva's UI on their website. It's impactful and just doing a quick comparison, you are making claims you can actually get an 18% return whereas Kiva is just a repayment.
So out of curiosity. How many loans have you done so far to get your 18% average return? I feel I need to see more information about your history/activity to attract international lenders (if that is in your road map).
upvotesharetweet・
Abhash Anand
@abhash
@danny_mcdonald Thanks for your feedback Danny! We will use it while we continue to work on improving the website UX.
We have given out 20 loans currently. You can see more details on our portfolio here - https://www.credy.in/investor-da....
Currently, we are working out the modalities of allowing international lenders to lend. Please drop us an email at founders@credy.in and we will get back to you.
upvotesharetweet・