Lendi.ph is a social rental platform that allows the flow of ‘sharing’ economy to our lenders and the renters. We are an integrating company that provides various renting equipment ranging from electronic accessories and devices, home appliances, fashion and accessories, books, toys, lifestyle and beauty products, and many more. We let the renters ease their needs through renting, and we let our lenders generate income through lending.
The "sharing economy" entails two strangers exchanging different products and equipment among themselves, this allows the lenders to gain money for the equipment that they are willing to offer the renters who are able and willing to make use of them at a price agreed upon. The trend of the sharing economy arises in international domains, according to Statista 44.8 million people are using the sharing economy services in the United States in 2016, this was projected to peak at 86.5 million by 2021. This is gradually being introduced to the Philippines, where we adopted the sharing economy services but mostly limited to transportation (like Grab and Angkas), and accommodation (Airbnb). Lendi.ph put forward an objective to integrate the sharing economy to the local community, where people can lend their items and rent efficiently and safely, through our platform.
According to the Business World, Individuals who patronize Sharing Economy Services opted to use internet platforms to process their renting needs, backed up by the World Bank’s World Development Indicators (WDI) database in 2018,Sharing Economy Services is highly dependent on internet connectivity. Lendi.ph makes use of the domain to create a platform that our customers can access through their fingertips. We know how busy our customers can be and we acknowledge the hassle of physical renting. Our online renting platform offers a more convenient way to access products and equipment available to our platform, so you can rent what you need in your own timeline.
Renting is Earning, Renting is Saving
Lendi.ph facilitates earning possibilities by renting . We have built a peer-to - peer basis renting platform that makes better use of products sitting unused in your garage, storage space, house, office or stores. We provide a new way for local individuals and companies to generate income and save money by leasing or renting rather than purchasing products that are urgently needed. Sure, owning things can be rewarding but if you don't use the item everyday it's just a waste of money or space. You can just easily get what you need in Lendi.ph with a much less price and a hassle free transaction. As a lender you earn an extra income while sitting at the convenience of your home, and as a borrower you can save extra money by renting through our platform.
A Trusting Company
Lendi.ph envisions establishing trust within our lenders and the renters. Our renting platform stands still through a foundation of trust where we ensure a seamless and secured communication and renting process between our growing community. We uphold our values to our renters and we share these virtues with our lenders; to trust the people renting their items while earning from it. Lendi.ph encourages a strong local community relationship through trust, and put the things we own to better use.
How it Works
We all own something that could be important to someone else. Lendi ph. Partakes a platform that creates a new bond to the community by supporting your fellow or offering a cost-saving option aside from purchasing. Our renting process consists of the lenders and the renters; Lenders can post their own stuff on the platform by creating an account, provided that their item is safe and their account is verified, the rental income will be deposited through bank transfer If someone would like to rent the item, Lendi.ph will mediate the transaction and we will be the one to pick up the item through our courier and delivery services, and return it back to the owner after the rental period is over. The renters are free to browse on our platform and look for the items they need. All renting transactions will be done through credit/debit card payments. Lendi.ph assures that all the lenders are verified before allowing them to post on the platform.
Security and Verification System
Rental companies or equipment rental companies mostly do cash based transactions. They also have to agree on how to deliver the item and secure the security deposit inside an envelope that the owner will return once the rental period is done. Lendi.ph acknowledges this gap and makes use of the platform as a bridge to solve it. We have a security system and verification system that protects our borrowers. The lenders are required to take a photo of their government issued id to create an account to our platform. On top of that, our lenders are also required to include their bank account where the rental income will be deposited and monitored, the name should match the account on the platform to avoid data confusion and adhere to our security measure. Our renters will be rest assured that their security is an important matter we constantly address.
As for the lenders, Lendi.ph requires a security deposit of the item between the owner and the renter, so the owner will be secured by accounting the security deposit as a compensation if there was a damage upon the return of the item, otherwise, if the item was returned to the owner without any damages, security deposit will be released to the borrower after the rental period.
Our Mission
Lendi.ph is dedicated in empowering the local community and integrating the growth of the sharing economy to the Philippines while building a community of trust.
Our Vision
To be the leading social rental platform by 2025
Our Community
Our market comprises the community of equipment rental businesses, costumes and apparel rental services, electronic equipment and accessories providers or anyone who has stuff to spare and is willing to earn out of their own items through our platform.
Our Advocacy
Lendi.ph advocates the recognition of Filipino inventors and local businesses through the platform. We encourage Filipino individuals or companies who developed products that they may want to test to gather data on the market before they do mass production. We acknowledge support and engagement to our fellow Filipino entrepreneurs through the platform.
Our Values
Community-Driven
Lendi.ph promotes outstanding values towards the community in every aspect by being friendly, good communicator, helpful, respectful, and trustful.
Supporting Local Businesses
We support local businesses by providing our platform as an outlet to multiple possibilities of marketability, earning and growth.
Culture and Social Oriented
Engage in the social and cultural practice that allows accountability and responsibility to the people and the country.
Integrity and Respect
Lendi.ph is committed in doing the right thing while influencing a space of respect and trust towards our community.
Absolute Fairness
Upholding a sense of fairness to the lenders and the renters, treating them according to what is right and just.
Stronger Community Relationship
Sharing items that will be put to a better use, in building stronger community relationships.
