Jane is fully funded!
You committed $140. Jane's $500 loan is 100% funded by 4 lenders.
In the real product, Jane would receive a direct payment to Best Buy within 1–2 business days. You'd receive monthly repayments over 6 months at 12% APR.
What happens next (in production)
1
E-signed loan agreement
Jane and all lenders receive a Dropbox Sign agreement — individual promissory notes per lender.
2
Direct retailer payment
Funds go directly to Best Buy via Modern Treasury — not to Jane's bank account. Fraud prevention built in.
3
Monthly repayments
Jane's autopay runs each month. $88 splits across all 4 lenders pro-rata. You get your share automatically.
4
Reserve fund protection
1.5% of each payment was swept to Peoplio's reserve fund. First-loss buffer before any collection activity.