Benevolence is a mobile financial marketplace application. The application provides access to lower cost financial services products for the 90 million unbanked and under banked populations. Our application will give access to minority populations to participate in the global economy with a smart phone. The application provides low cost payday loans, 1click life insurance, savings and investment opportunities for people in underrepresented communities.
•Benevolence Economy
•Benevolence Economy will loan money to consumers, businesses, non-profits and college students.
•Benevolence offers a 5% interest rate loan from $100-$1200 to consumers, $1,000-$12,000 to small business, $1,000-$20,000 to non-profits and $500-$6,000 for college students. (student loans must have a cosigner).
•Consumer loans biweekly payback ranges from $50-$60 dollars, small business payback from $100-$500, non-profit payback from $100-$800 and student loan payback from $100-$250 biweekly.
•All loans paid in 12 months or sooner.
•Partner/clients and organizations will be able to lower the interest rate by referring other partner/clients and organizations to the program. Each person the partner/client organizations refers to the program up to five(5) people will reduce their interest rate by 1% per referred person. The partner/client can have a 0% interest loan by referring five(5) people to the program.
•Benevolence Economy:
•The Benevolence Economy provides partner/clients the opportunity earn money by referring other partner/clients.
•When the partner/client refers five (5) partner/clients he/she receives a 0% interest loan. Upon referring the 6th partner/client the referring partner/client receives $50 per partner/client he/she refers to infinity.
•Example John refers his 6th partner/client john will receive $300 for referring his 6th partner/client.
•Benevolence Marketplace
•Benevolence will partner with 10 banking institutions in it’s marketplace.
•The cost to enter the Benevolence Marketplace is $500,000 per banking partner.
•All loan applications will be viewed by banks to determine eligibility.
Upon bank approving the funding the bank will be required to pay Benevolence $400 per account established.
Any referrals from partner/client and organizations will go to funding partner bank as additional accounts for that funding bank.
•Banking Requirements to be in Marketplace
•No cost debit cards
•No fee checking accounts
•Loan interest rate cannot exceed 5%. Interest rates are lowered 1% by the number of referrals to the Benevolence program.
No overdaft fees.
•Insurance Partner
•1ClickCoverage is a life insurance broker that has a network of over 70 leading life insurance companies.
•They offer you an online solution for your life insurance needs.
•With 1Click you can request and compare instant life insurance rate quotes from top carriers to find the lowest price for your life insurance coverage in less than 2 minutes. There’s no hassles and no obligation.
•A more versatile home for your financial life
•We help you access financial services you can’t get through your bank
•Cheap forex
•Access the cheapest Forex rates available for retail customers on major currencies including USD, EUR and GBP (From 0.2%).
•Instant remittances
•Send money to your friends and family worldwide - instantly, free and in anything from Bitcoin to USD
•Flexible payments
•Get paid by your employer in any currency, or combination of currencies you want: 70% in USD, 20% Euros, 10% Bitcoin.
•Blockchain integration
•Withdraw funds to bank accounts in almost 40 countries, or to private wallets on seven crypto networks - instantly and fee-free.
•Multi-Asset Platform
•Cryptocurrencies, national currencies, metals and more
•Anything to Anything
•Unique one-step trading capability, e.g., DASH to XRP, USD to NANO
•Commission-free
•All-inclusive prices, locked in pre-trade, what you see is what you pay
•0% trading commissions, 0% fees on credit & debit card deposits and 0% bank and crypto withdrawal fees.
•Access 3 - 10% return on your digital currency holdings.*
•Debit cards
•Spend your balances with physical
and virtual cards*