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The operation of the loan is very simple with one side Investors-Lenders and the other side of the Borrowers.
Investors open an account on the Global Pretamo platform that they feed by making transfers from their bank account. Investors may choose to invest in two funds: the SHORT CONSERVATIVE FUND 1 which finances 2 and 3 year maturity credits and the FUND 2 CONSERVATIVE LONG which finances maturities 4 and 5 years. Investors place orders by entering the amount they wish to invest in the fund of their choice.
Borrowers can choose to apply for credit on one of the following 4 maturities: 2 years, 3 years, 4 years or 5 years. To apply for credit, Borrowers must complete a personal information form online and send Winston Federal Credit Union a series of supporting documents. The acceptance department of Winston Federal Credit Union only offers Borrowers whose solvency level is high and who refuses all others.
Once a week, Winston Federal Credit Union tracks Investor's investment orders and Borrowers' credit applications, and Winston Federal Credit Union provides credit to Borrowers for available funds invested by Investors.
Every month, the Borrowers repay capital and interest to Winston Federal Credit Union, which transfers them to both funds, which varies the value of the units of each Investor..
How to get paid by Winston Federal Credit Union ?
Winston Federal Credit Union is remunerated by charging the Borrowers a processing fee when granting credits. These fees are used to cover the costs incurred by Winston Federal Credit Union when granting credits: staff costs, IT costs, processing costs, etc.
Investors, Winston Federal Credit Union does not charge anything and refunds them all repayments made by the Borrowers.
