Weemba loans is a platform where you found the one hand, individuals and businesses seeking funding, and other lenders with permission of the Bank of Spain.
The main idea Weemba is introducing a new concept in credit markets: first, is the applicant for the loan which has shown, not the provider of money. That is, are those who ask which set out their funding request against a set of banks, savings and credit institutions.
The way is simple: the applicant creates a profile on Weemba under a pseudonym that does not relate to his real identity, post your request details of amount, timing, purpose, etc. and, above all, privately attaching relevant documentation to prove its solvency to the entities.
On the other hand, banks and registered in the platform, looking for their target customers among users of Weemba and ask permission (to know his real identity) to those they consider within that target group.
The requesting user authorizes or rejects the request by an individual (Entity entity), and from there, the possible negotiation and signature of the operation is performed offline, ie outside of the platform.
What advantages does this new model compared to the traditional model?
For the applicant is a way to access the entire universe of entities registered in Weemba conveniently from your computer, giving it bargaining power when several of them are interested in simultaneous operation.
For institutions, this model offers an optimal location of your target customer, thanks to its form of loans. A tool that allows multiple filters simultaneously and localize applications quickly and easily. Then, if you wish, you may contact en masse and in one click to applicants as they see fit. Also a way to reach any part of the national territory through the Internet, with the guarantee to be heading to a public that, in advance, has shown interest in funding.
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