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When are the raised funds transferred to the borrower, and when does my payment plan begin?
What are the steps from the time I invest until I start receiving returns on my investment?
After raising the total targeted amount the campaign closes and no longer accepts investments.
After the campaign closes (after the 4-day legal withdrawal period for investors):
(A) Loans without guarantees:
1. Loan contracts between each investor and the borrower are generated and made available to the investor on the project page in their reserved area.
2. The funds raised in the campaign are transferred to the borrower, and the payment plan to investors begins.
(B) Loans with guarantees:
1. Guarantee contracts associated with the loan are formalized.
a) If the guarantees are subject to registration in a certain country (e.g., mortgages, pledges of social shares or assets), registration with the competent public authority is promoted.
2. Loan contracts between each investor and the borrower are generated and made available to the investor on the project page in their reserved area.
3. The funds raised in the campaign are transferred to the borrower, and the payment plan to investors begins.
You can find more information about guarantees here.
If a campaign has associated guarantees, the completion of these steps typically does not exceed 15 days after the campaign closes. However, the process duration can vary depending on the type of guarantee, operation complexity, applicable law in the respective country, and the procedures required by competent authorities if the guarantee is subject to public registration.
This timeframe is a contingency of the normal functioning of Goparity's services, which aims to protect the investments made.
For legal caution and investment protection on the platform, borrowers only receive funds after the guarantees are formalized, and only then does the payment plan to investors begin. You can find more information about this process here.
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Goparity Canada is a sustainable finance platform and app that aims to democratize access to impact investing. By prioritizing accessibility, we make it possible for all kinds of investors to contribute to sustainable development projects in Canada. Goparity is one of the fastest growing platforms in Europe, and Goparity Canada is co-owned and operated by Canadian entrepreneurs. Goparity Canada humbly acknowledges the Indigenous Peoples who have stewarded the lands and waters of the places we call home. To realize a just and sustainable future we recognize the harmful legacy of colonization, both past and present, and go forward together in the spirit of reconciliation. Peel Region is part of the Treaty Lands and Territory of the Mississaugas of the Credit. In particular, we acknowledge the territory of the Anishinabek, Huron-Wendat, Haudenosaunee and Ojibway/Chippewa peoples; the land that is home to the Metis; and most recently, the territory of the Mississaugas of the Credit First Nation.
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Goparity Canada Securities Inc. is a licenced Exempt Market Dealer (EMD) in British Columbia, Alberta, Manitoba, Ontario, and Nova Scotia. Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the corresponding small to medium-sized business invested in. Any historical returns, expected returns, or projections may not reflect actual future performance.