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Ledge: Simple Social Lending

Ledge is a mobile social finance platform that empowers individuals to crowdfund affordable personal loans from their friends. Borrow up to $5,000 on your terms and automate repayments to your lenders through Venmo. Create a Ledge campaign for moving expenses, debt refinancing, travel or study abroad, medical or veterinary bills, major purchases, professional training and more! Why Ledge?
• Get funded: Create a campaign for your loan, share it with your network, and get pledges! Reach your campaign goal and your loan will be funded. Lenders aren’t charged a dime unless a borrower reaches their campaign goal!
• Personal Lending: No banks, no fees, and since you know the borrower, less risk. This means affordable interest rates for borrowers and rewarding investments for lenders. Lenders choose how much to loan and receive all the interest for the portion of the loan they fund!
• Borrower Oriented: Borrowers can decide loan amount (up to $5,000), interest rate, and repayment schedule (up to 24 months).
• Mobile Friendly: Create, manage and share your loan directly from the Ledge app. Ledge’s iOS app makes it simple to manage your loan, from your phone.
• Simple Sharing: Send your loan to friends, or share on Facebook all from within the Ledge app!
• Hassle-Free: Ledge handles repayments automatically through Venmo! That means no complicated payment calculations and no awkward conversations about repayment.
• Affordable: No more financing purchases on credit cards or draining your savings. Ledge offers borrowers an affordable and financially sound alternative.

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