P2P Lending Platform

Sample App: Earnit - Can be downloaded from Google Playstore Expected Completion: 15 days Requirements 1. Front end will be an App for Android and IOS 2. Users authentication to app will be via Facebook 3. Users would have to update profile and payment method to activate or unlock account on logging in 4. There should be a shop feature where users can buy credits required for pledging 5. Users would have to purchase credits from the system to be able to make pledges 6. Payment will be via MTN Mobile Money (API for payment gateway will be made available) 7. Each pledge made will deduct 100 credits from user credits. Maximum number of pledges a month should be 10 8. Referral system would be Incorporated in the app 9. Referral will be via SMS (SMS gateway API will be made available) 10. For each referral that results in app download , install and successful login, referrer gets 10 credits 11. App should have a dashboard/notice board feature built-in where info can be posted to authenticated users 12. App should have a report section where previous transactions can be viewed (Transaction will be color coded. Red for pledges, green for receipts) 13. App should have a support section where users can lodge complaints 14. 2 x 1 matrix system support - A user that logs in on clicking the pledge button is paired to pay someone GHC 100. After user makes payment and is confirmed by the one he paid, 2 other people will be matched to him to pay him GHC 100 each. On receiving the money, user has 7 days to recommit or pledge again 50% of earnings into system else account gets blocked. 15. Matching should be able to run automatically and should be fast 16. On successful match, user has 36 hours to make pledge else account gets blocked. Deadline should be shown 17. On receiving payment, receiver has 4 hours to confirm receipt else account gets blocked. Deadline should be shown 18. Payout should be 3-7 days. This should be changeable from the back-end 19. There should be a member credibility score where users can rank peers after transaction. This credibility score should be visible to users when they are paired. 20. In the event a user declines to honor pledge after successful match, the receiver should be able to rematch resulting in defaulting use account's getting blocked 21. PHP based web back end mobile app can connect to 22. Back-end should be highly secured 23. Administrative interface with capability to monitor users, block or delete users 24. Multiple registrations should not be possible. Verification method to prevent multiple registration should include, but not limited to Facebook username and Mobile phone number on which payment will be received