Terms and Conditions

Eligibility

• You must be at least 18 years old to use the Platform
• By registering, you confirm that you meet this age requirement and that all information you provide is accurate and complete

Platform Purpose and Services

• Fundr connects businesses with individuals to support growth and innovation through financial solutions, mentorship, and resources.
• The United Community Fundr Association (UCFA) is a community where members (small businesses and startups) contribute monthly savings, access loans, and receive payouts with profit shares every 6 months.

• The Platform allows you to:

  • Track your savings (monthly contributions).
  • View payment, loan, and payout histories.
  • Access campaigns, highlights, and blogs managed by administrators.

User Accounts

• Registration: To use the Platform, you must create an account by providing your first name, last name, email, and a secure password.
• Account Security: You are responsible for maintaining the confidentiality of your account credentials and for all activities under your account. Notify us immediately at fundrbss@gmail.com if you suspect unauthorized use.
• Account Status: We reserve the right to deactivate or suspend accounts that violate these Terms or for any lawful reason.

UCFA Membership and Financial Terms

• Membership Contributions:

  • Members contribute ₱500 per month, due by the 5th of each month. Late payments incur a ₱50 penalty per delayed month.
  • New members may join within the first three months of a 6-month cycle by paying all past contributions (e.g., ₱1,500 if joining in month 3) to qualify for full end-of-cycle returns. No new memberships are accepted after the third month.

• Withdrawals/Payouts:

  • Members may withdraw their savings plus profit shares every 6 months, subject to UCFA policies.
  • Payouts are recorded and visible in the Platform.

• Loan System:

  • Members may borrow after contributing for at least three months, up to three times their total contributions (e.g., ₱9,000 after contributing ₱3,000).
  • Loans carry a 5% monthly interest rate for members and a 10% rate for non-members, with a repayment term of 3 months (or shorter if within a 6-month cycle).
  • Late loan repayments incur a ₱50 penalty per overdue month.
  • Total loans disbursed are adjusted to match available funds (e.g., ₱60,000 for 20 members contributing ₱60,000 total).

• End-of-Cycle Fund Distribution:

  • Cycles run for 6 months. At the end:

    • Total Contributions: ₱500 × number of members × 6 months (e.g., ₱60,000 for 20 members).
    • Total Loan Interest Collected: Sum of interest from members (5%) and non-members (10%) (e.g., ₱13,500 for ₱60,000 in loans).
    • Final Fund Before Fees: Total Contributions + Total Loan Interest Collected (e.g., ₱73,500).
    • Deductions:
      • Management Fee: 30% of Total Loan Interest Collected (e.g., ₱4,050).
      • Final Fund Before Fees minus deductions (e.g., ₱69,150).
    • Total Available for Distribution:Final Fund Before Fees minus deductions (e.g., ₱69,150).

  • Member Earnings:

    • Savings Return per Member: ₱500 × 6 = ₱3,000.
    • Profit Share per Member: Total Available for Distribution ÷ number of members (e.g., ₱69,150 ÷ 20 = ₱3,457.50).
    • Total Received per Member: Savings Return + Profit Share (e.g., ₱3,457.50).
    • Return Rate: Profit Share ÷ Total Contribution × 100 (e.g., 15.25% in 6 months; 30.5% annualized if reinvested).

  • Management Earnings:

    • Loan Interest Allocation: 40% of Total Loan Interest Collected (e.g., ₱8,100 of ₱20,250).
    • Late Fees: ₱20 × total overdue days (e.g., ₱300).
    • Membership Fees: ₱150 per new member, ₱50 per returning member (e.g., varies by cycle).
    • Total Management Earnings per Cycle: Sum of the above, doubled annually (e.g., varies by cycle activity).
• Manual Updates: There are no payment integrations. Administrators encode all financial data (contributions, loans, payouts) into the system.

User Responsibilities

• Provide accurate and up-to-date information for contributions, loans, or other transactions.
• Comply with all applicable laws and UCFA policies.
• Do not misuse the Platform (e.g., attempting to manipulate data, access unauthorized areas, or disrupt services).

Intellectual Property

• All content on the Platform (e.g., text, blogs, campaign details, design) is owned by Fundr or its licensors and is protected by copyright and other intellectual property laws.
• You may not reproduce, distribute, or modify Platform content without our written permission.

Limitation of Liability

• The Platform is provided “as is“ without warranties of any kind. We do not guarantee uninterrupted access or error-free operation.

• We are not liable for losses or damages arising from:

  • Inaccurate data entered by administrators.
  • Your failure to secure your account.
  • Events beyond our control (e.g., internet outages, natural disasters).

Termination

• You may stop using the Platform at any time.
• We may suspend or terminate your access if you violate these Terms, UCFA policies, or applicable laws.

Governing Law

• These Terms are governed by the laws of the Republic of the Philippines. Any disputes will be resolved in the courts of Manila, Philippines.

Changes to Terms

• We may update these Terms from time to time. Changes will be posted on the Platform with the updated “Last Updated“ date. Continued use after changes constitutes acceptance.

Contact Us

• For questions or concerns, contact us at fundrbss@gmail.com