The Problem
Informal lending relationships allow borrowers the opportunity to meet their immediate financial needs; however they carry a tremendous amount of risk of re-payment for the lender. Additionally, the borrower receives no credit for their payment history, eliminating the ability to leverage these relationships in building a positive credit history.
The Solution
A customized website that tracks informal financial relationships and formalizes payments, ensuring accountability for payments while simultaneously building a credit history.
Filene i3 Demo Denver- Emerge Financial from Filene Research on Vimeo.