How Does It Work?

Loan Recipients
Parents/legal caregivers will submit a loan request form (click HERE). I will check their references to verify their needs and will communicate with them to clarify terms, etc. I will then post to this site their needs, how much it will cost, and the terms of their loan repayment.

Lenders
You — the readers out there — will look over the profiles and choose to make a loan to somebody, in ANY amount (minimum $1) up to the loan request.

Loan Payments
You will make your loan through PayPal. Once the loan amount has been fulfilled, recipients will sign a written loan agreement before the loan is disbursed. Lend 4 Health as your agent will complete the loan process for you as the lender. Loans will be disbursed via PayPal.

Loan Re-payments
The loan recipient will re-pay the loan via PayPal based on the terms they agreed to. Loan repayment notifications will be posted to the site so that lenders will see the progress of the repayment. Once a loan is re-paid, each lender will receive his/her loan back via PayPal. Lenders then can re-pocket their money or use it to lend to somebody else. All loans will be interest-free. Note: There is no guarantee that a loan will be repaid by the borrower; it’s an honor system.