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FUNDKO: A Crowd-lending Platform -- Good or Bad?

While trying to look for other option to diverse investments, I stumbled upon a company named FUNDKO. It is also a crowd-lending platform like SeedIn. Upon investigation, I was able to find an issue where a lender was informed that the borrower is unable to pay or decided to not pay their lenders anymore. This is obviously not a good sign for a crowd-lending company. It is a good thing SeedIn has a budget for this i-responsible lenders or they have made pre-cautions to avoid such issues. Okay, here is the exchanged communication between the lender and FUNDKO.


About Fundko: Taken from their website:
We are a crowdlending platform that connects verified lenders and borrowers. Because we provide a more efficient service than traditional channels, lenders who are looking for investment opportunities will find attractive returns while borrowers get reasonable rates.

FundKo is a subsidiary of Guevent Investments Development Corporation (GIDC) – a company that has over 50 years of operations with a business footprint that spans across the entire Philippine archipelago.

Invest for as low as 15,000 pesos or borrow as much as 500,000 pesos through FundKo!
I found the images above in a FB Group I joined a long time ago - TGFI or The Global Filipino Investors which also came from another group called "Crowdfunding Personal and Business Loan Investors PH". I want to be updated so I joined both groups.

 I am not saying they belong to scam investment or investment fraud but based from this conversation, where their (Fundko's) hands are clean if the borrower decided not to pay is not a good sign of a good investment. Basically, the risk will be so high and they'll be prone to more scam borrowers. They should make sure the investors has less risk by avoiding such issues.

Too bad, because I am in need to find more options. I don't want to put all my eggs in one basket. It is up to you, if you are willing to invest on this FundKo company but for me - I will stay away from them. 


#seedinph #investinPH #seedin #pinoyinvestor #investingPH




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