Earn a $50 Gift Card as a Monthly Lender
Provide $100 in automated monthly loans and earn a $50 gift card from a retailer of your choice!
Among our biggest challenges at Zomia is predicting student support. We have the unenviable task of committing to fund students for an entire academic year—before we’ve secured all the capital necessary to fund their loans. The more predictable our lender contributions, the better we can plan student distributions and future support.
Introducing Monthly Lending
Recently, we enabled a feature allowing lenders to make automatic monthly loans. Sign up to make loans on the 1st of each month, and we’ll automatically allocate funds to students matching your lending preferences.
This feature helps us by making future contributions predictable. If we had 100 lenders providing an average of $100 each, we could count on $10,000 monthly and $120,000 a year in student funding! This predictability would go a long way toward giving us confidence as students apply that we’ll have adequate funding to support them.
Because monthly lending is so valuable to us, we’re offering $50 gift cards to the first 50 lenders to contribute at least $100 via automated monthly lending. Sign up at $100 monthly, and you’ll earn your reward after a single contribution. At $25, you’ll reach the threshold after four months.
Contribute $100 via Monthly Lending to Earn Your Reward
As seen in the video above, signing up is quick and easy. Register for a Zomia lender account or sign in if you already have one. From your portfolio, tap the toggle to enable monthly lending, then enter a loan amount and set preferences and payment details. Once registered, you can pause or cancel payments at any time—but you must reach $100 in total monthly lending contributions before your gift card will be sent.
Get Your Loan Funding Back – The $50 is “Free Money”
And remember, your loan is just that: a loan! As students make repayments, disbursals will be credited to your account. You can then withdraw those funds or reallocate them to other students.
Care to join us? We love our monthly lenders!
Monthly Lending $50 Gift Card Giveaway FAQs
To earn your gift card, you must provide at least $100 in loan funding to Zomia students via automated monthly lending. Sign up to make monthly loans in multiples of $25, and once your total lifetime contributions via monthly lending reach $100, we’ll send you a $50 gift card.
Your gift card will be sent to the e-mail address associated with your Zomia lender account.
We use Giftbit, giving you a number of options for gift card redemption. After receiving your gift card via e-mail, you may redeem on Amazon, iTunes, and a number of other online retailers.
Monthly Lending FAQs
Monthly lending is a feature allowing Zomia lenders to automatically allocate funds to students every month. Zomia charges your credit card and allocates loan funding to individual students, normally on the 1st of every month.
Yes. If desired, you may set preferences to prioritize funding based upon student gender, country, or program of study. Additionally, you may prioritize students you’ve already funded in the past. If no student matching your preferences is in need of additional funding, Zomia will allocate your funds to a student of its choosing.
Zomia uses Stripe for all monthly lending credit card processing. We do not store lender credit card numbers or expiration dates anywhere in our systems.
Yes. You may set the [Monthly Lending] toggle from your portfolio at any time. Set the toggle to “off” to disable the feature. If you do not re-enable your contributions before the end of a calendar month, you may need to re-enter your credit card information to resume.
More posts from Zomia
Provide $100 in automated monthly loans and earn a $50 gift card from a retailer of your choice! Among our […]Read More ›
In this NextBillion post, we write about peer-to-peer lending for higher education in Myanmar and Cambodia.Read More ›
Today we are happy to share that we have closed a partnership with the Vanderes Foundation.Read More ›