Imagine this: you are in need of cash and you don’t know who to turn to. Banks are out of the question and the online cash lenders you applied to have not yet contacted you, so you don’t know if it’s a go or not. You decided to go for friends and asked for help – but which friend? One by one, you sift through your friends and see who can help you – or more like who will say yes to your request.
This is what Cashalo is about.
Who is Cashalo? Cashalo is a financial marketplace that gives borrowers like you an access to financial products that you can use for personal use or investment with the lowest interest rate.
The aim of Cashalo is to provide “financial inclusion” or collaboration all over the Philippines, sans long lines and hassle documentation. This is because Cashalo follows the format of Peer-to-Peer or P2P Lending wherein your needs are matched to a specific lender to make sure your expectations are met.
How to Apply in Cashalo
As of this writing, Cashalo is still in beta testing and currently looking for pre-approved users and partners to join the platform. The platform is not yet available to the public, but you better wait for it.