Introducing AppendPay Mobile Application, a comprehensive microfinancing solution designed to streamline the entire microfinance process. Our platform serves as an integrated digital financial inclusion tool, offering a unified payment platform and mobile financial services. We facilitate essential services such as payments and microfinance solutions, all compliant with regulatory frameworks including R.A. NO. 9474, R.A. 8556, and R.A. 10693. AppendPay acts as a microfinance origination platform, leveraging partnerships with microfinancing institutions to provide seamless access to financial services. Join us in empowering financial inclusion effortlessly.
Mobile App Key Features:
Microfinancing: Providing small loans to low-income or poor individuals for their microenterprises and small businesses, aimed at increasing their income levels and living standards.
Microfinancing Package:
Loan Amount: Ranges from P5,000 to P20,000 monthly.
Interest Rate: Effective Interest Rate (EIR) of 3% per annum (APR: 36%).
Repayment Period: Minimum of 180 days (6 months) to maximum 360 days (12 months).
Example Computation: For a P10,000 loan over 180 days with a 3% interest rate, the total payment would be P11,800.
Integrated Payment Gateways: Provides various methods for depositing and withdrawing funds to meet personal needs.
eWallet Features: Personal electronic wallet for paying bills, loading mobile phones, transferring funds to others, and receiving microfinancing digitally.
Privacy and Permissions: Emphasizes privacy protection, requiring government-issued ID verification and linking profiles to existing microfinancing institutions.
Learning Management Tool: Includes modules focused on financial inclusion programs and Bible studies, aimed at educating users on financial literacy and ethical considerations. This tool helps in training and guiding users towards better financial management and ethical practices.
These features indicate a comprehensive platform designed to facilitate microfinance transactions efficiently and securely.