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 Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Sun 31 Jan 16:40

Over on the Payday Loan thread, a pars fan was loaned £100 for a while, interest free, by another pars fan.

It seems to me that if 15 or 20 of us got together and put up £50 or £100 each, we could give small short-term interest-free loans to other pars fans.

These are remarkably difficult times for some people, and a small loan could help a fellow par over a difficult period.

2 or 3 of us could run it. Doesn't have to be very complex, if it's small scale.

If you feel you'd like to be a fund giver, or want to help run the fund, then post here, and we'll see how it goes.

Cheers,

PFTC.
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 Re: Pars Fan Loan Fund
Topic Originator: londonparsfan  
Date:   Sun 31 Jan 17:50

I can donate as per the other thread.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Sun 31 Jan 17:53

Quote:

londonparsfan, Sun 31 Jan 17:50

I can donate as per the other thread.


Thanks LPF. Let's see what the other forum users think over the next few days, and take it from there. Cheers.
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 Re: Pars Fan Loan Fund
Topic Originator: DA-go Par Adonis  
Date:   Mon 1 Feb 12:00

It`s a lovely idea. Might be helpful if anyone knows about the regulatory implications, if there are any, of setting something like this up.

----------------------------------------------------------------------------------------------
I love it when we go sell Kevin Nisbet,
He's gonna pay for everyone this season.
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 Re: Pars Fan Loan Fund
Topic Originator: GG Riva  
Date:   Mon 1 Feb 12:18

Count me in for a donation, if this excellent initiative takes off. Obviously we want to help any Pars fan in temporary financial difficulty, but we wouldn't want to exacerbate their situation, so it would make sense to put a limit on how much they can borrow. i.e. further loans could only be given once the initial loan has been repaid.



Not your average Sunday League player.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 12:41

Quote:

GG Riva, Mon 1 Feb 12:18

Count me in for a donation, if this excellent initiative takes off. Obviously we want to help any Pars fan in temporary financial difficulty, but we wouldn't want to exacerbate their situation, so it would make sense to put a limit on how much they can borrow. i.e. further loans could only be given once the initial loan has been repaid.


Indeed. I have ideas about how this could work, and the points you've made are in my thinking.

I want to keep it very simple though, for both the people donating funds, and the people taking loans.

Let's see what other thoughts people have.

Cheers, PFTC.
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 Re: Pars Fan Loan Fund
Topic Originator: Raymie the Legend  
Date:   Mon 1 Feb 12:54

I`d be in as well, PFTC




It's bloody tough being a legend
Ron Atkinson - 1983
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 Re: Pars Fan Loan Fund
Topic Originator: OzPar  
Date:   Mon 1 Feb 14:03

Yes. Count me in too.

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 Re: Pars Fan Loan Fund
Topic Originator: Jbob  
Date:   Mon 1 Feb 14:42

Not an expert but would a credit union be an idea. Happy to join this initiative

Bobs of the world unite
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 Re: Pars Fan Loan Fund
Topic Originator: Luxembourg Par  
Date:   Mon 1 Feb 15:27

This alleged tax-dodging reprobate from this so-called tax-haven will help too :)

As long as you`re not too proud to take black money :D

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 Re: Pars Fan Loan Fund
Topic Originator: wee eck  
Date:   Mon 1 Feb 15:48

I hate to be a spoilsport but I think DA-go`s post at 12.00 is good advice, especially if the Pars` name is being used.

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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 17:19

You both have a point. It really depends how formal we want to be.

We don't have to use the club name, indeed you are correct, it would be better not to.

I personally see this working on a trust basis, with no contractual terms. No more detail required than can be stored on a spreadsheet.

All we need is an email asking for a loan from the borrower. A decision would then be made by myself (doesn't have to involve me in fact! I am happy to hand this idea to anyone who feels they have the time and energy to make it happen!) and a couple of others.

Money transferred to the borrower. Money paid back, shortly thereafter in full. Not in installments, not to take longer than a month. These are short term small interest free loans. We are not a bank, and we don't want to be.

I'm not going to set up a credit union. I can only imagine that would turn into a job, and I already have one. Maybe that means this is doomed to failure.

I am prepared, with the help of couple of others better known around here than me, to keep a record of applications for loans, to run it by the other couple of people "in office", to transfer the money to the borrower, and to receive it back.

Those of us prepared to put money up have to be prepared to lose it if people don't pay us back. That's why I'm suggesting 15 or so donors, putting up small amounts. If it doesn't work, we'd lose £100 max. Borrowers will repay though, because they are pars fans borrowing from other pars fans.

Keep it simple, and it'll possibly work. Tie it up in legal structure, and it'll never get off the ground.

Just my opinion.

Cheers,

PFTC.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 17:51

Quote:

Raymie the Legend, Mon 1 Feb 12:54

I`d be in as well, PFTC


Thanks Raymie. Let's see how it goes after my recent mega-ramble. Cheers.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 17:51

Quote:

OzPar, Mon 1 Feb 14:03

Yes. Count me in too.


Thanks OzPar.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 17:52

Quote:

Jbob, Mon 1 Feb 14:42

Not an expert but would a credit union be an idea. Happy to join this initiative


Thanks Jbob!
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 17:53

Quote:

Luxembourg Par, Mon 1 Feb 15:27

This alleged tax-dodging reprobate from this so-called tax-haven will help too :)

As long as you`re not too proud to take black money :D


Thanks Lux. All money / support would be welcome to our fellow fans, I'm sure.
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 Re: Pars Fan Loan Fund
Topic Originator: donj  
Date:   Mon 1 Feb 18:37

I`d be happy to be in.

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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 19:25

Quote:

donj, Mon 1 Feb 18:37

I`d be happy to be in.


Thanks Donj.
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 Re: Pars Fan Loan Fund
Topic Originator: red-star-par  
Date:   Mon 1 Feb 19:57

This is a praiseworthy idea, and I would be open to the idea of putting in some funds, however what happens if someone borrows and fails to be able to pay it back? Do you just shrug it off as a loss, name and shame them on here, or send Adam Warlock round. And what would be the criteria for being accepted, would we be looking for references or guarantors?
We actually have a great wealth of experience and skills on here, perhaps what would be just as valuable would be the benefit of guidance, mentoring and advice on financial matters
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 20:34

Quote:

red-star-par, Mon 1 Feb 19:57

This is a praiseworthy idea, and I would be open to the idea of putting in some funds, however what happens if someone borrows and fails to be able to pay it back? Do you just shrug it off as a loss, name and shame them on here, or send Adam Warlock round. And what would be the criteria for being accepted, would we be looking for references or guarantors?
We actually have a great wealth of experience and skills on here, perhaps what would be just as valuable would be the benefit of guidance, mentoring and advice on financial matters


Hi RSP.

In my opinion, shrug it off as a loss. No naming, shaming, or warlocks. No references or guarantors.

You make a good point about financial mentoring.

Cheers,

PFTC.
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 Re: Pars Fan Loan Fund
Topic Originator: Buspasspar  
Date:   Mon 1 Feb 20:51

parforthecourse .... This is only my opinion and yes happy to donate if going ahead

But .... if the borrower needs £100 this month then the chances that he or she having a spare £100 to pay it back next month could still be a problem for them

I think the installment option would be more help and less worry for the borrower

£100 = 5 x £20 .... as an example

This is taking nothing away from your caring initiative and I hope you don`t regard it as such

We are forever shaped by the Children we once were
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Mon 1 Feb 21:17

Quote:

Buspasspar, Mon 1 Feb 20:51

parforthecourse .... This is only my opinion and yes happy to donate if going ahead

But .... if the borrower needs £100 this month then the chances that he or she having a spare £100 to pay it back next month could still be a problem for them

I think the installment option would be more help and less worry for the borrower

£100 = 5 x £20 .... as an example

This is taking nothing away from your caring initiative and I hope you don`t regard it as such


I regard it only as helpful input. Thanks.
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 Re: Pars Fan Loan Fund
Topic Originator: Rusty Shackleford  
Date:   Tue 2 Feb 15:27

I'm so full up with home schooling and work and whatnot that I'm not sure I can offer any form of help in terms of running the thing but count me in for contributing £50-£100 or so. Magnificent idea.

Actually my only constructive input would be there someone acts as a treasurer with their own bank account and try and avoid a PayPal middlemen so the fund doesn't get death by a thousand cuts in terms of pissy little fees.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Tue 2 Feb 19:59

Quote:

Rusty Shackleford, Tue 2 Feb 15:27

I'm so full up with home schooling and work and whatnot that I'm not sure I can offer any form of help in terms of running the thing but count me in for contributing £50-£100 or so. Magnificent idea.

Actually my only constructive input would be there someone acts as a treasurer with their own bank account and try and avoid a PayPal middlemen so the fund doesn't get death by a thousand cuts in terms of pissy little fees.


Cheers Rusty. My thoughts are the same.
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 Re: Pars Fan Loan Fund
Topic Originator: parforthecourse  
Date:   Sat 6 Feb 09:46

Hi All,

To those who expressed an interest in putting up some cash for this idea, could you please email me at keith at projectbrown dot org, replacing at with @ and dot with .

This is just to try to get things moving along. If you include a mobile number, so I can set up a WhatsApp group, and your .net username, so I know who you are on here, that would be great.

Cheers,

Keith.
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