What is Cooperativa?​

"Cooperativa is a novel peer to peer lending platform that uses cooperatives formed between employees of a company or organisation"

​With Cooperativa members can borrow and save with each other anonymously and safely, keeping the full financial benefit between members who are either borrowers or savers.

The platform is hosted by the host company and all loan payments are deducted directly from employee salaries using the existing payroll infrastructure significantly reducing default risk.

Short and long term loans are funded by employee "Savers" (and external savers) with additional cash. These "Savers" receive attractive savings rates of up to 10% relative to low rates from high street banks.

"Borrowers" receive access to short and long terms loans at cheaper rates than other finance sources e.g. unsecured bank loans, credit cards and payday loans.

• Savers put money in
• Borrowers take loans out
• Cooperativa exchange manages all repayments directly from borrower salaries
• Cooperativa exchange transfers all payments to savers bank accounts
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Cooperativa extends across members in a wide range of organisations in the public and private sector e.g. Teachers, doctors, police officers, engineers and lawyers. ​

The result is an exchange that interconnects savers and borrowers in different organisations in a large borrowing pool (ie a cooperative) that shares the benefits of saving and borrowing on both side. ​

"An Employee Benefits Platform"

For employers, hosting the cooperative exchange provides a tangible employee benefit that leads to higher rates of retention, reduced strain from financial worry for its employees and creates good will between the company and its employees. Significantly hosting Cooperatva fosters a collegiate environmen with a higher level of support and cooperation between employees in the knowledge that employees share in their collective financial advancement as savers and borrowers.