clo•vest: community and locally oriented investing.

// Process and Timeline

Clovest offers individuals the opportunity to directly support the growth of small businesses by providing them with zero-interest loans through our platform. Here's how it works in a nutshell:

1. Lend

Search through projects that are currently seeking funding and make a loan to one that interests you. Loans can be as small as $25 and up to 40% of the total project goal!

2. Share

Tell your friends and family about the business’ fundraising campaign and encourage them to lend as well.Remember, you only get to lend to the project if it reaches its goal!

3. Earn

After the project is funded, you'll start receiving loan repayments from the business on a quarterly basis and get to participate in the Community Rewards events along the way.

4. Recycle

You'll be repaid your contribution into your Clovest balance. You can either withdraw these funds to your bank account or use them to fund new projects on Clovest!

// Repayment

On Clovest, Funders provide zero-interest loans to businesses that are repaid on a quarterly basis within 1 – 3 years. For example, if you lend $500 to a project with a repayment term of 2 years, you'll receive $40 every quarter for the next 2 years!

It's that simple.

During the repayment period, the business will first send us a quarterly repayment of their loan. After we receive the repayment, we'll credit Funders' Clovest balance with their owed amount. Funders can request a withdrawl of these funds at any time via PayPal or check.

Do note, however, that return of your principal contribution is conditional on the business repaying their loan and is therefore not guaranteed. Loans made through Clovest are not investments, are not transferable, and only provide a return of principal, not interest or other tangible benefits.

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