WeCredify is an app to keep a record of your lending and borrowing. It replaces the traditional pen-and-paper-based record keeping. Each record is shown to both parties to avoid future disputes.
WeCredify is useful for everyone; including individuals, and small shop owners who lend to their neighbourhood contacts and settle periodically. The coupon feature allows you to extend your reach beyond your circle of trust.
The app works in 3 steps:
1. Connect
2. Transact
3. Settle
A timely settlement of your outstanding amount improves your credibility.
You can also issue coupons to your contacts so that they can redeem the coupons at a predefined redemption address. This is useful for kids when parents are concerned about the misuse of cash in the hands of their kids.