We noticed that some lenders love Babyloan but don‘t take time to regularly lend on the website. When they are repaid of the amount they lent, the money remains dormant on their piggybank. But one of the main interests of the philanthropic loan is that your money can support several microentrepreneurs after you have been repaid.

What is the aim of the option “Babyloan lends on your behalf”? Increasing your impact on the field without spending too much time on it

The automatic allocation of lenders’ money follows two priorities:

  • To finish the funding of a project: the entire funding of a project on the website enables the transfer of the funds on the field
  • To support varied projects: as soon as we can, we try to support a maximum of microentrepreneurs and a diversity of projects, local partners, sectors and countries.

1. How are the projects I am going to fund chosen?

You have two options:

  • You choose the selection criteria of the projects according to the country, the business sector and the gender: then, we allocate your money to the projects that fit your criteria. If there is no project that fits your criteria, your money will not be lent and will stay on your piggy bank until a new project fitting your criteria is published online.
  • You trust us to take charge of choosing the projects on your behalf: we allocate your money according to both criteria mentioned above.

2. Do I have to pay for the option "Babyloan lends on your behalf”?

The service “Babyloan lends on your behalf” is free: when you subscribe, you are not charge any additional fees during the transaction. The service thus follows one of the two contribution modes in force on the website:

  • You pay a contribution each time you lend money

The amount of the contributions is the same whether you lend by yourself or you subscribed to the option “Babyloan lends on your behalf”. At each transaction a contribution is added according to the traditional price list.

Please note: you must have at least 12 Euros on your account so that the option works. You can credit your piggybank of the amount you want from your personal space.

The option “Babyloan lends on your behalf” will be included in your annual subscription, you will not be charged any additional fees on your loans.

When your subscription comes to an end, you will start paying a contribution according to the traditional price list.

Please note: you must have at least 10 Euros on your account so that the option works. You can credit your piggybank of the amount you want from your personal space.

3. When is the money lent to microentrepreneurs?

Your money will automatically be lent as soon as your piggy bank reaches 10 or 12 Euros (whether you chose the Annual subscription or not).

Do not hesitate to stop the option when you want to manually lend to the microentrepreneur of your choice.

4. Can I credit my piggybank without making a loan?

You can credit your piggy bank without making a loan by going on your personal space, on the section « My profile », on the tab « We lend on your behalf ». Like this, you can occasionally or regularly add money to your piggybank and make sure that this money funds many microentrepreneurs.