This guy is clearly a scammer. He has nothing to do with Stemfund.

Just a few precisions on Stemfund here :

1/ we removed the 0.01btc fees to list loan for borrowers.

2/ funds cannot be withdrawn if you do a building reputation loan as we said a hundred times and is written everywhere on the website. Use this kind of loans only if you want to show lenders your ability to repay loans in time.

3/ We ask borrowers to upload proof of ids and sign the loan agreement only if their loan is funded. No point bothering people with forms filling if they don't get their loan funded.

Any questions feel free to PM me.

Others loans can be funded as well but yes the capital of the lender is at risk if it is not a reputation loan

Borrowers choose the rate.  We do not.

And one more thing that it looks like none of you noticed. All the loans that you see.  The picture of the borrower is the picture of the actual guy on the other side of the computer. We have a system on the platform that forces the borrower to take a picture of himself with his Webcam or smartphone to be able to list the loan.

We do not choose the maximum rate at which borrowers are ready to borrow in the loans they do.    As for reputation loans yes they are the only one getting funded at the moment because borrowers cannot withdraw funds when they do one. So lenders know they will at least get their capital. Borrowers use these loans to improve their reputation on the website and show they are able to repay loans. This is the standard of the industry on how borrowers build up a credit score in the bitcoin space.
Invest responsibly!

Should I just create a new thread or a moderator can move this one in the right place ?

@fortunecrypto, when you say that you use collateral to borrow here what do you mean ?

we ask for the usual identification documents only if the loan is funded. We do not see the point of hassling borrowers if they do not get their money in the end.

Fyi the rates displayed are now weekly so investors can easily work out how much interests they will get each week.

Ok,  so everyone think we are a scam.  That's a start. Feel free to shout your questions.

For the building reputation loans,  borrowers cannot withdraw money from their account while one is active. These loans are used by borrowers to improve their rating on the platform. So basically yes,  they will just repay interests.