What is EpeeraMo?

EpeeraMo is a peer-to-peer lending platform that connects borrowers and lenders within a trusted network of friends and family in the Philippines. Our platform allows users to lend money to their loved ones at fair interest rates and borrow money from people they trust.

How does EpeeraMo work?

To use EpeeraMo, you need to create an account and verify your identity. Once your account is set up, you can start lending money to your friends and family or request loans from your trusted network. EpeeraMo facilitates the loan agreements and transfers between users.

Who can use EpeeraMo?

EpeeraMo is available to all residents of the Philippines who are at least 18 years old. You will need a valid government-issued ID and a bank account to register on the platform.

Is it safe to lend and borrow money on EpeeraMo?

Yes, EpeeraMo prioritizes the safety and security of our users' funds and personal information. We use industry-standard encryption and security measures to protect your data. Additionally, since you are lending to and borrowing from your trusted circle of friends and family, the risk of default is minimized.

How much can I lend or borrow on EpeeraMo?

The minimum and maximum loan amounts on EpeeraMo are determined by our lending policies and may vary depending on your account status and the terms agreed upon between lenders and borrowers.

What are the interest rates for loans on EpeeraMo?

Interest rates on EpeeraMo are set by the lenders and borrowers themselves. As a platform, we provide suggested interest rates based on market conditions and the borrower's creditworthiness, but the final rate is negotiated between the parties involved.

How do I earn money as a lender on EpeeraMo?

As a lender on EpeeraMo, you earn money through the interest paid by borrowers on the loans you provide. The exact amount you earn will depend on the interest rate and the loan terms you agree upon with the borrower.

What happens if a borrower defaults on a loan?

In the event of a default, EpeeraMo will assist lenders in recovering the outstanding loan amount through our collection process. However, since loans on EpeeraMo are made within a trusted network, the likelihood of default is lower compared to traditional lending platforms.

Are there any fees for using EpeeraMo?

EpeeraMo charges a small transaction fee for facilitating loans on the platform. The specific fees will be clearly disclosed to users before they commit to a loan agreement.

How can I contact EpeeraMo if I have more questions?

If you have any additional questions or concerns, you can reach out to our customer support team via email at support@epeeramo.com or through the "Contact Us" form on our website. We are always happy to help!