How Deki Works

Deki allows you to fund loans to specific people in the developing world.

Deki does not take any commission from of the loan

1.   You choose your microloan recipient from the choice of borrowers                             

Whose pictures and profiles can be found on the ‘Lend Now’ page. The minimum amount you may lend is £10.  You transfer the amount of your loan to Deki via PayPal.

2.  Deki forwards this loan in local currency to a field partner

Who administers the loan to the borrower and provides them with training and other support.  The field partner adds a small amount interest on the loan, just enough to cover costs.

3.   The borrower repays the loan over a specified term                                                          

Usually 6 to 12 months. The field partner returns the loan amount (less interest) that is repaid by the borrower to Deki in the local currency*.

You receive updates on a regular basis regarding the repayment of the loan by the borrower

4.   As the loan has been repaid to Deki, you are given three  options: 

• You can ask for the money back
• Donate the loan to Deki, who will use the money to extend their services across the developing world
• Re-lend it to another chosen borrower.  This option allows your one loan to help a number of different borrowers.

 

* Currency fluctuations may occasionally affect the amount you are repaid. Because the loan is made to and repaid by the borrower in the local currency, but the you lend in sterling, even a full repayment by the borrower may not result in the full repayment of the amount you lend because of the movement in the exchange rate between British Pound Sterling and the local currency. Deki will not generally pass on the exchange rate differences. However, if there is a large fluctation and the difference is too great for Deki to manage we may be forced to pass this onto the lender.