I need a loan crowdfunding script.
I will use Persons A,B,C,D,E,F to explain what we might want from you. During registration, every user provides all the basic info name, bank name etc.
After registration, the user will not have immediate access until the admin turn on access. During this period, we will check the user’s credentials. Then the user gets access.
Once the user signs in he can choose to make either a pledge or a request for funds.
When a request is made a –(the amount requested) is reflect on the users account.
When a pledge is made a +(the amount pledged) is reflect on the users account. When a pledge is made, a countdown starts on the users account to the day they get the dividend. The days vary based on how long the user stated to make the funds available but the interest rate we offer is monthly (30days) %50.
So picture this
Person A pledges 500
Paerson B Pledges 400
Personc Request 100
Person D Pledges 100
Person E Request 500
Person F Request 400.
So what happens is that the admin /moderator sends an email to Person A with the account details of person E to make the bank transfer. Basically we match request with pledges to make payment.
We already have a website setup for this we just required a php script
NO MONEY EXCHANGES HANDS ON THE SITE.
I hope it makes sense.