PureLend provides a convenient platform to formalize loan requests, eliminating the potential stigma associated with seeking financial support from family and friends.

  • 1.

    The borrower initiates the process by submitting a detailed loan application.

  • 2.

    The PureLend team reviews the submitted application and interviews the potential borrower.

  • 3.

    Upon approval, the borrower receives mandatory educational material on the harms of Riba.

  • 4.

    PureLend reaches out to the borrower’s proposed social network of family and friends to raise the capital needed to fund their educational program.

  • 5.

    Upon a lender's participation in the campaign, they will recieve a detailed contract signed by both parties, detailing payback terms and conditions.

  • 6.

    PureLend will fund the educational paymet directly, and follow up with the borrower to collect the loan back after graduation.