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Difference between revisions of "Category:Perpetual Funds"
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Latest revision as of 18:55, 25 June 2015
Perpetual funds are usually non-profit organizations that operate on a high-trust basis, meaning that loans are repaid essentially on a trust or "honor system." Most perpetual funds grow by means of charitable donations, and are limited in their reach of influence by the sum total of their funds when fully repaid.
Surprisingly to some, perpetual funds have typically met with great success, some reaching a repayment rate of 99%. These funds can be religiously or secularly based, as being affiliated with some larger organization often gives them a firm financial base to work from in the unlikely event of not being repaid.
Perpetual funds also usually cater to some very specific group of people, such as one specific ethnicity or religion. They normally won't make exceptions to these requirements, so make sure that you know who the fund is for before spending time applying.
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