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Good Return has a commitment to sustainability and transparency. By charging a separate administration fee we can assure you that your loan funds will not be used to fund administrative costs. The administration fee is used by Good Return to cover operational expenses. It is calculated as 10% of your loan basket with a minimum fee of $5 and a maximum fee of $25.
If you choose to make your loan a donation up-front, where loan repayments are donated to Good Return, you will not be charged an administration fee. You can do this by selecting the "Make this Loan a Donation" option.
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1. You (the lender) take on risk of default on loan repayments – i.e. if the borrower does not repay some or all of the loan, you will not receive that portion of the loan back.
2. In order to assist our borrowers to make repayments, your loan is disbursed in their local currency. Good Return will pass on this foreign exchange gain or loss to you.
3. Given the social nature of your loan, interest is not payable on your loan. |
