Contribute 10+ STEEM to a Steem(it) user looking for an emergency loan today (within first 24 hours) that will be backed and guaranteed by their STEEM POWER!
Anyone is invitied to send 10+ STEEM to contribute to a loan to help a Steem(it) user with an emergency today. To send STEEM you may send 10+ STEEM or 10+ SBD to @virtualgrowth and include the word loan in the memo. Your contribution will be included in the loan contribution pool for 1000 STEEM contributed / received.
STEEM is needed within 24 hours of this post being active
This is the next loan available along the same lines as a current one which you may read more about here: Steem Loan Payment to Thank Contributors. This loan has about a half dozen contributors who have received five loan payments over approximately the past month with 5% interest.
This loan will offer 25% interest as a big thank you and appreciation! May also offer quicker pay back to anyone that accepts a lower percentage rate as an option if one wants their contribution back sooner. Please feel free to vote on 5, 10, 15, or 20% if you would like to paid back faster and/or would like to offer a better rate. Over the course of the next week if we get over $1,000 in contributions we will accept the lower percentages to give the loan requester a better deal. These lower percentage requests will also reduce the cost of the loan allowing it to be paid back quicker while creating a competitve market for those interested. This may help attract more participation quicker to help fulfill the loan request as soon as person to help with their emergency!
The personal details of this loan will not be public in these posts. However some details will be shared with contributors with a reputation over 70. This will serve as a way for a small amount of people to communicate and watch over the loan. This is a way to incorporate privacy while also allowing someone reputable to keep a close eye matters that will be better informed and trusted with special information.
This loan will be paid back with about weekly payments within nine weeks from power down payments. Posts will be continued to be made which may shorten pay back time to eight weeks or less.
Please help fulfill this loan as soon as possible to help a Steem(it) user in need!
If loan is not fulfilled within 24 as needed the right is reserved for refunding all contributions. (Sorry for not disclosing this originally)
Best,
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Update
$900 needed today so I covered the needed funds. Total STEEM from people was about $435 so I added $465 for a total of $900 so they could take care of their emergency.
Are you still trying for 1000? I don't have much, but I can add a few drops to the bucket :)
You may add a few drops and I'll share the portion I bought out early.
Thank you for
Receive 15.000 SBD from amyf Loan(received)to be subtracted from my contribution
It's awesome that you're gathering funds to help a fellow Steemian! Glad I could do my part to help :)
Contributions
448.333/1000 SBD/STEEM (44.8333%) received so far!
Receive 15.000 SBD from amyf Loan(25%)Receive 10.000 SBD from bashadow Loan(25%)20.000 SBD from deirdyweirdy(0%)Receive 60.000 STEEM from meesterboom loan(15%)Receive 333.333 SBD from robert-call loan(15%)Receive 25.000 STEEM from rxhector loan(25%)I am still very new here, Hope I did this right:
6 seconds ago Transfer 10.000 SBD to virtualgrowth Loan
I trust @mammasitta and @stellabelle, so I hope this was legit. If not oh well, life will still go on.
Interest rate of 0 (zero) They would not have asked if they did not need.
Yes you did this right. Thank you very much for your contribution.
Sent 20 SBD and forgot to include the word loan in memo!
sent 25 steem - hope it helps ;)
Yes, Thank you very much. :)
whats the deadline for emergency ? I can dump bts for another 100 steem.
Deadline for loan initialization is for 1000 STEEM to be raised within 24 hours of post being active due to nature of emergency situation.
Deadline for loan contributions finalization is at payout time.
Loan will be granted when 1000 STEEM is raised. Interest over the period of the loan will be given to the best rates if contributions are received beyond the 1000 STEEM.
Resteemed
vote for 15%
the one thing that I am uncomfortable with is that I don't know the reputation of the person seeking the loan. I trust you, so your judgment is something I would value.
Understood, rep of over 60
If you need a loan, @neoxian has a loan service.
vote for 25%
vote for 5%
vote for 10%
vote for 20%
I saw this post on @stellabelle resteem and i want to be the credibility. However, my concern is this
So this means payment of the loan can only be done as from 14th week since powerdown is 13 weeks. Does this implies the earliest time to get refund is after 14th week?
Payments will pay off the loan within the first nine weeks of the thirteen week power down cycle. The first payment will occur in about one week from when the loan is issued.
Glad I could do my part to help
Informative post. Thanks for sharing @virtualgrowth
Wow! Its pretty informative post. Thanks for Resteemed @road2wisdom
Hey @virtualgrowth I chipped in on this loan, and haven't been payed back- did something happen? I feel bad to bother you, but the current value of the 15SBD I sent is A LOT of money to me, and I'd really like to cash it in!
This loan is currently in default.
Can you let us know if he/she has defaulted on the loan and whether or not we will be receiving our monies back? I will understand if he/she has defaulted and I will not be getting any return of funds back, but it would be nice if you could let us know what is going on.
This loan is currently in default. Will be meeting the person in person next month to work on a solution. Worst case I will cover the loan over time to be paid back in some amount of STEEM.
O-kay, thanks for the update, just another scammer scamming people I guess. I do feel sorry for your loss as you covered most of the loan where as I only lost out on 10 SBD. Well at least three out of four people needs worked out and I do not feel like I was scammed by them, that's not to bad of odds.
If you can not get the person who requested the loan to meet their obligations, there is no need for you to pay me back out of your own pocket. The loan was made in good faith on my part for someone who told you they needed assistance, if you look I did not even request interest just the loan part to be paid back. I guess at this point all I can do is consider it a gift that was given to someone who said they needed help.
Merry Christmas and have a happy New Year.