ZeroPA

Some amazing news for this wet weekend for ZeroPA Yesterday we received £20k, as a 12 month profit share loan (money is in the bank!) This will facilitate the legals and £15k loan pool for a potential UK pilot with a national Charity sector partner. Thank you to all for your continued support which has made this possible. I hope you all have a great weekend.

In a time where choosing between heating and eating is a harsh reality for millions, ZeroPA steps up with a lifeline – interest-free loans for the essentials. 🌂💜 During the current cost of living crisis, 17.5 million people are struggling with their bills, many have less than £100 as savings and are choosing between heating or eating. 💼🚫 In #miltonkeynes this would equate to 20,000 families. 1 in 5 children go to school hungry. 🏫🍇 ZeroPA offers financial education and tools and, crucially, interest-free loans to the financially vulnerable and disadvantaged. 📚🔮 ZeroPA offers loans of £50-£1000 towards food, utilities and clothing, white goods, furniture, household repairs and basic tech like a tablet to enable digital inclusion. 🍽️👕🛠️ ZeroPA has turned lending on its head by eliminating interest, fees, and charges. ZeroPA makes its money from incremental revenue for retailers, and introduction fees from banks. 💸⚖️ Many people are struggling with essentials; by removing interest, a debt becomes affordable. 📉💟 We have a live regulated pilot on the Isle of Man. We have had approximately 50 applications since January 2023 totaling £40k. 📈🟪 In the UK, we are currently offering grants of up to £50 towards food, utilities, and clothing through our sister Community Interest Company. 🇬🇧🌸 Our live loans are up to date with no defaults or arrears. ✔️💜 We have taken established lending from institutions to customers which charge and receive interest, to an ancient model still live in Asia, Africa, and South America linking lenders with borrowers through a peer-to-peer platform. Lenders earn up to 8% profit share, not a fixed interest. 🌏🤝 Our equity investors will earn up to 32% in dividends. 📈💸 Our Year 5 target is £26m in loans, £13 million interest saved, 304k customers helped, £6m turnover, and £3m profit. 🎯🌌 ZeroPA offers borrowers dignity, security, and respect. 🛡️💜 #innovation #economy #startup #costoflivingcrisis