Help Center
E-mail support: help@acceder.com
I. How Acceder.com Works
What is acceder.com and how does it work?
Acceder.com is administered by 501 (c) (3) Foundation and registered incorporation with ACCEDER in the State of New York. Section 501(c)(3) is a tax law provision granting exemption from the federal income tax to non-profit organizations. A typical Acceder.com scenario would find a lender located anywhere in the world choosing a borrower Acceder.com website and transferring the preferred amount to Acceder.com who is the entity that ultimately would finance the borrower.
Acceder.com is administered by 501 (c) (3) Foundation and registered incorporation with ACCEDER in the State of New York. Section 501(c)(3) is a tax law provision granting exemption from the federal income tax to non-profit organizations. A typical Acceder.com scenario would find a lender located anywhere in the world choosing a borrower Acceder.com website and transferring the preferred amount to Acceder.com who is the entity that ultimately would finance the borrower.
What percentage of my loan goes to the borrower?
100% of the amount you lend goes to the entrepreneur or the person in need of financial assistance. Nevertheless, you are not obliged to finance the total amount required by each borrower, and it might be the case that Acceder.com requires to aggregate the amount you lend together with funds disbursed by other lenders.
100% of the amount you lend goes to the entrepreneur or the person in need of financial assistance. Nevertheless, you are not obliged to finance the total amount required by each borrower, and it might be the case that Acceder.com requires to aggregate the amount you lend together with funds disbursed by other lenders.
Does Acceder.com charge interest?
No, Acceder.com does not charge any interest., which means that borrowers must repay the total amount they receive free of any interest charges.
No, Acceder.com does not charge any interest., which means that borrowers must repay the total amount they receive free of any interest charges.
So what is the actual business for Acceder.com?
Acceder.com was not conceived to have profits or revenues but instead as a vehicle to channel donations from all around the world in order to help people in need of financial assistance.
Acceder.com was not conceived to have profits or revenues but instead as a vehicle to channel donations from all around the world in order to help people in need of financial assistance.
I found Acceder.com quite similar to other social lending websites. What is the difference between Acceder.com and others such as Kiva, Zopa and Prosper?
Acceder.com is in certain ways similar to Kiva and other social lending websites such as Zopa and Prosper in the sense that it uses an on-line platform to intermediate between people willing to help others and individuals in need of financial help. Nevertheless, while the users of Kiva and the referred social lending sites make an actual loan to the borrowers, Acceder.com only refers to "loans" and "lending" for the sake of simplicity since what truly takes place is a donation to Acceder.com, after the contribution will be disbursed to Field Partners for ultimate disbursement to each Borrower selected for receipt of a Loan. However, once the loan is repaid to Acceder.com by the borrowers, Acceder.com will credit the amounts as "virtual funds" in your account with Acceder.com in order to let you make a new loan.
Acceder.com is in certain ways similar to Kiva and other social lending websites such as Zopa and Prosper in the sense that it uses an on-line platform to intermediate between people willing to help others and individuals in need of financial help. Nevertheless, while the users of Kiva and the referred social lending sites make an actual loan to the borrowers, Acceder.com only refers to "loans" and "lending" for the sake of simplicity since what truly takes place is a donation to Acceder.com, after the contribution will be disbursed to Field Partners for ultimate disbursement to each Borrower selected for receipt of a Loan. However, once the loan is repaid to Acceder.com by the borrowers, Acceder.com will credit the amounts as "virtual funds" in your account with Acceder.com in order to let you make a new loan.
Why all Acceder.com borrowers seem to be located in Argentina?
Our first Field Partner is in Argentina. We are working with the local Jewish communities to lunch ACCEDER in Brazil, Chile, Uruguay, Mexico and FSU. We are looking forward to expand our partnerships to all regions across the globe at a pace that is healthy for ACCEDER. If you are interested in partnering with ACCEDER please apply now here.
Our first Field Partner is in Argentina. We are working with the local Jewish communities to lunch ACCEDER in Brazil, Chile, Uruguay, Mexico and FSU. We are looking forward to expand our partnerships to all regions across the globe at a pace that is healthy for ACCEDER. If you are interested in partnering with ACCEDER please apply now here.
Is my loan tax-deductible in the USA?
Yes, we took the initiative to constitute a 501 (c) (3) Foundation that recently has been granted with the incorporation of ACCEDER inc. in the State of New York which makes each loan tax-deductable.
Yes, we took the initiative to constitute a 501 (c) (3) Foundation that recently has been granted with the incorporation of ACCEDER inc. in the State of New York which makes each loan tax-deductable.
Will I get my money back at some point?
No, when the loan is fully paid you will have credit in your virtual online account, but you cannot withdraw the funds because it’s a donation. You only can lend again to another borrower with your "virtual funds" in your Acceder.com online account and to make a another new loan.
No, when the loan is fully paid you will have credit in your virtual online account, but you cannot withdraw the funds because it’s a donation. You only can lend again to another borrower with your "virtual funds" in your Acceder.com online account and to make a another new loan.
Do I get interest on my loan?
The funds you disburse are as a matter of law a donation, since once the money you transferred is repaid what Acceder.com will credit you are "virtual funds" in order to "re-lend" them.
The funds you disburse are as a matter of law a donation, since once the money you transferred is repaid what Acceder.com will credit you are "virtual funds" in order to "re-lend" them.
How does ACCEDER fund its operations?
Acceder.com currently sends 100% of your loans to the borrowers listed on the site. Lastly, we have raised growth capital from angel donors, corporate sponsors and foundations. We are incredibly thankful for this support that has helped uskeep up with a fast pace of growth.
Acceder.com currently sends 100% of your loans to the borrowers listed on the site. Lastly, we have raised growth capital from angel donors, corporate sponsors and foundations. We are incredibly thankful for this support that has helped uskeep up with a fast pace of growth.
Is there a "middle man"?
Yes, in fact, there are two. The first is Acceder.com. When you lend through Acceder.com's website, the funds are sent to Acceder.com via PayPal. From Acceder.com the funds are sent to the second middle man, our Field Partner, who will manage the loan including distributing funds and collecting repayments. When the Field Partner receives the funds, they are then distributed to the borrower. Repayments are made from the borrower to the Field Partner on a schedule determined by the Field Partner. As each repayment is collected, the Field Partner enters the repayment amount into our software over the internet, notifying Acceder.com and the lenders that a repayment has been made. Acceder.com invoices the Field Partners quarterly for all repayments they have collected over the previous quarter. When the entire loan has been repaid in full, Acceder.com credits the lenders for their portion of the loan, and lenders can choose to re-loan but cannot withdraw their credit. The two middle men, Acceder.com and the Field Partner, are crucial to enabling this loan process to operate as efficiently and as cheaply as it does. By dividing and conquering -- Acceder.com collecting and distributing loan funds through the website and Field Partners managing the loans on the ground -- we leverage the skills we each have to provide loans at much cheaper rates than alternative sources of debt capital.
Yes, in fact, there are two. The first is Acceder.com. When you lend through Acceder.com's website, the funds are sent to Acceder.com via PayPal. From Acceder.com the funds are sent to the second middle man, our Field Partner, who will manage the loan including distributing funds and collecting repayments. When the Field Partner receives the funds, they are then distributed to the borrower. Repayments are made from the borrower to the Field Partner on a schedule determined by the Field Partner. As each repayment is collected, the Field Partner enters the repayment amount into our software over the internet, notifying Acceder.com and the lenders that a repayment has been made. Acceder.com invoices the Field Partners quarterly for all repayments they have collected over the previous quarter. When the entire loan has been repaid in full, Acceder.com credits the lenders for their portion of the loan, and lenders can choose to re-loan but cannot withdraw their credit. The two middle men, Acceder.com and the Field Partner, are crucial to enabling this loan process to operate as efficiently and as cheaply as it does. By dividing and conquering -- Acceder.com collecting and distributing loan funds through the website and Field Partners managing the loans on the ground -- we leverage the skills we each have to provide loans at much cheaper rates than alternative sources of debt capital.
How often are new businesses posted?
Acceder.com receives new loans from our Field Partners every day, so if you don't see a loan that matches your preferences, check back tomorrow. The exciting thing is that Acceder.com is operating in real time, so we are receiving loan applications and posting them on our site as they are coming in from the field. Our loan requests are funded quickly, so if you see a business you like, make a loan, or it just might be gone next time you're on our site.
Acceder.com receives new loans from our Field Partners every day, so if you don't see a loan that matches your preferences, check back tomorrow. The exciting thing is that Acceder.com is operating in real time, so we are receiving loan applications and posting them on our site as they are coming in from the field. Our loan requests are funded quickly, so if you see a business you like, make a loan, or it just might be gone next time you're on our site.
What is Loan Diversification?
You can diversify your loan portfolio by lending to multiple borrowers. For example, you can make a $25 loan to four borrowers (e.g. loan diversification) or a single $100 loan to one borrower (non loan diversification). If one of the four borrowers defaults and the others do not, you may still get $75 back whereas if the single borrower defaults you may not get any of your money back.
You can diversify your loan portfolio by lending to multiple borrowers. For example, you can make a $25 loan to four borrowers (e.g. loan diversification) or a single $100 loan to one borrower (non loan diversification). If one of the four borrowers defaults and the others do not, you may still get $75 back whereas if the single borrower defaults you may not get any of your money back.
II. About Lending
How do I lend?
Click on the Lend button at the top of the ACCEDER.com home page.
Click on the Lend button at the top of the ACCEDER.com home page.
- You will automatically be taken to the Fundraising loans. Select a borrower to whom you would like to lend.
- Click More to the right of the loan description.
- In the Make a Loan box, select the amount you would like to lend to this borrower and click Loan Now.
- When you have added all the loans you would like to make, click Checkout.
- Choose a password to create an account.
- Donate for the loan through PayPal secure website.
What happens after I lend?
You will receive emails throughout the loan term updating you on the progress of the loans and letting you know each time a repayment is made. Or, you can log into your account at any time and click "My Portfolio" and then "Loans" to view the borrowers to which you contribute. Click on the name of a borrower to view its Profile Page.
When a loan is repaid in full, your account will be credited for your portion of the loan. You can then re-lend these funds but you cannot withdraw them.
You will receive emails throughout the loan term updating you on the progress of the loans and letting you know each time a repayment is made. Or, you can log into your account at any time and click "My Portfolio" and then "Loans" to view the borrowers to which you contribute. Click on the name of a borrower to view its Profile Page.
When a loan is repaid in full, your account will be credited for your portion of the loan. You can then re-lend these funds but you cannot withdraw them.
Was my transaction successful?
When you successfully complete a transaction, you receive a receipt confirming your purchase from PayPal. This receipt contains a transaction ID that will be referenced in your ACCEDER Transaction History. You can log into your ACCEDER Account at any time to view your transaction history or to view the loans to which you contributed. These are two great steps to take to ensure that your purchase was successful.
Simply log into your ACCEDER account and click "My Portfolio." Then click "Transaction History" to view your transaction history. Or, you can click Loans to view the borrowers to whom you contributed.
When you successfully complete a transaction, you receive a receipt confirming your purchase from PayPal. This receipt contains a transaction ID that will be referenced in your ACCEDER Transaction History. You can log into your ACCEDER Account at any time to view your transaction history or to view the loans to which you contributed. These are two great steps to take to ensure that your purchase was successful.
Simply log into your ACCEDER account and click "My Portfolio." Then click "Transaction History" to view your transaction history. Or, you can click Loans to view the borrowers to whom you contributed.
Can I deposit funds into my account and lend them later?
Not yet. We are working on that function.
Not yet. We are working on that function.
Can we lend as a group?
Many groups lend together through ACCEDER. However, we are still working on a formal group feature for the website -- so at this point, it is not possible for us to collect and aggregate payments for one account. However, you can designate one individual to be your group's account administrator who manages the payment process and receives all email updates from ACCEDER. It is up to you how you want to pool your money together, but please note that in an effort to keep our operational expenses low, we only accepts checks for amounts over $1000.
Once you have set up the account, you can share the URL for your lender page with your group members. This lender page will display the loans in your groups portfolio, and it will also display what amount of money has been repaid by each borrower. And remember, from your lender page, your members will be able to click on the name of an borrower and view the borrower's profile page where all journal entries are posted.
You can make the URL for your lender page reflect the name of your group by entering the name of your group in the nickname box that appear during the setup process. You also have the opportunity to create a lender name that reflects the spirit of your group when you create your account.
Many groups lend together through ACCEDER. However, we are still working on a formal group feature for the website -- so at this point, it is not possible for us to collect and aggregate payments for one account. However, you can designate one individual to be your group's account administrator who manages the payment process and receives all email updates from ACCEDER. It is up to you how you want to pool your money together, but please note that in an effort to keep our operational expenses low, we only accepts checks for amounts over $1000.
Once you have set up the account, you can share the URL for your lender page with your group members. This lender page will display the loans in your groups portfolio, and it will also display what amount of money has been repaid by each borrower. And remember, from your lender page, your members will be able to click on the name of an borrower and view the borrower's profile page where all journal entries are posted.
You can make the URL for your lender page reflect the name of your group by entering the name of your group in the nickname box that appear during the setup process. You also have the opportunity to create a lender name that reflects the spirit of your group when you create your account.
Can my company create an account?
There are many ways to personalize your company's account. For example, you can make your ACCEDER nickname reflect the name of your company, and you can make the URL for your ACCEDER lender page reflect the name of your company by entering your company's name in the first and last name boxes during the account setup process. Finally, instead of uploading a personal picture to your lender page, you can upload your business' logo.
There are many ways to personalize your company's account. For example, you can make your ACCEDER nickname reflect the name of your company, and you can make the URL for your ACCEDER lender page reflect the name of your company by entering your company's name in the first and last name boxes during the account setup process. Finally, instead of uploading a personal picture to your lender page, you can upload your business' logo.
Can I lend or donate in someone's memory?
At this time we do not have a feature on our website that allows users to make a loan or donation in another individual's name.
At this time we do not have a feature on our website that allows users to make a loan or donation in another individual's name.
Can I lend if I reside outside the United States?
ACCEDER lenders reside all over the world.
If you have trouble making your payment, please send an e-mail to our Help Center.Our normal office hours are Monday-Friday, 9am-5pm and we will endeavor to reply to you within 1 to 2 working days of opening your email
ACCEDER lenders reside all over the world.
If you have trouble making your payment, please send an e-mail to our Help Center.Our normal office hours are Monday-Friday, 9am-5pm and we will endeavor to reply to you within 1 to 2 working days of opening your email
Why there are only borrowers from Argentina?
Our first country is Argentina. we took the initiative to constitute a 501 (c) (3) Foundation that recently has been granted with the incorporation of ACCEDER inc. in the State of New York. We are working with the local Jewish communities to lunch ACCEDER in Brazil, Chile, Uruguay and Mexico. We are looking forward to expand our partnerships to all regions across the globe at a pace that is healthy for ACCEDER. If you are interested in partnering with ACCEDER please apply now here.
Our first country is Argentina. we took the initiative to constitute a 501 (c) (3) Foundation that recently has been granted with the incorporation of ACCEDER inc. in the State of New York. We are working with the local Jewish communities to lunch ACCEDER in Brazil, Chile, Uruguay and Mexico. We are looking forward to expand our partnerships to all regions across the globe at a pace that is healthy for ACCEDER. If you are interested in partnering with ACCEDER please apply now here.
III. Tracking Repayments
How can I view the loans in my portfolio?
You can log into your ACCEDER Account at any time to view the loans in your portfolio. Simply log into your account and click "My Portfolio" and then click "Loans." If you click on the name of a borrower you can view that borrower’s profile page.
You can log into your ACCEDER Account at any time to view the loans in your portfolio. Simply log into your account and click "My Portfolio" and then click "Loans." If you click on the name of a borrower you can view that borrower’s profile page.
When a business makes a partial repayment, can I re-lend or withdraw the funds immediately?
No, your account will not be credited with your loan funds until the entire loan has been paid back in full, at which time, you may re-lend but you cannot withdraw your funds. Processing all partial-repayments and crediting user accounts on multiple occasions during a loan term, would be too burdensome for ACCEDER to take on right now.
No, your account will not be credited with your loan funds until the entire loan has been paid back in full, at which time, you may re-lend but you cannot withdraw your funds. Processing all partial-repayments and crediting user accounts on multiple occasions during a loan term, would be too burdensome for ACCEDER to take on right now.
What if a loan is only partially repaid?
If a partially repaid loan is declared in default (it is determined the borrower cannot repay the rest of the loan), the repayments collected so far will be distributed to the lenders proportionate to their contribution to the loan.
If a partially repaid loan is declared in default (it is determined the borrower cannot repay the rest of the loan), the repayments collected so far will be distributed to the lenders proportionate to their contribution to the loan.
When is a loan considered to be in default?
In microfinance, it is common to try to reschedule loans in delinquency and default in order to accommodate the eventual repayment of the loan. At ACCEDER, we define default (non-repayment) as 6 months after the official due date of the loan. At that point, we "write-off" the loan, and it is moved from delinquency to default on the balance sheet.
In microfinance, it is common to try to reschedule loans in delinquency and default in order to accommodate the eventual repayment of the loan. At ACCEDER, we define default (non-repayment) as 6 months after the official due date of the loan. At that point, we "write-off" the loan, and it is moved from delinquency to default on the balance sheet.
Can I forgive a loan?
You cannot request that borrower not be required to repay your portion of the loan he or she received. If an borrower defaults on his or her loan, the outstanding payments must be forgiven by all lenders. ACCEDER does not facilitate taking action against a borrower whose loan has defaulted, so all default costs are borne by lenders.
You cannot request that borrower not be required to repay your portion of the loan he or she received. If an borrower defaults on his or her loan, the outstanding payments must be forgiven by all lenders. ACCEDER does not facilitate taking action against a borrower whose loan has defaulted, so all default costs are borne by lenders.
Why was a repayment collected right after this loan was disbursed?
In some cases, ACCEDER's use its own working capital reserves to fund a loan up to 7 days before it is funded on ACCEDER's site. Then the funds raised on ACCEDER's site essentially backfill this working capital. It is important since we don't want to make the borrowers wait for a loan request -- but we only do this because we are highly confident that if posted on ACCEDER, the loan will be fully funded.
In some cases, ACCEDER's use its own working capital reserves to fund a loan up to 7 days before it is funded on ACCEDER's site. Then the funds raised on ACCEDER's site essentially backfill this working capital. It is important since we don't want to make the borrowers wait for a loan request -- but we only do this because we are highly confident that if posted on ACCEDER, the loan will be fully funded.
