Blossom is a commercial financing platform that wants to boost social benefits. The intention is to create or grow profitable businesses that will generate livable incomes. Microfinance institutions are community led and operated banks that provide different banking services to communities in need.
Commercial Financing With Social Benefits
Blossom Finance aims to help community banks extend financing in order to create and grow more prosperous micro-businesses.
With Blossom the returns are expected to be between 6 and 8 percent per year. The principal investment capital is returned after 6 or 12 months. Additionally, every 3 months, investors will receive a profit sharing contribution and report that details the positive impact of the investment.
The investment model proposed by Blossom has been thought in order to reduce the investment risks. The investment is pooled into a fund with the money of multiple investors and is divided across dozens of community banks and thousands of individuals entrepreneurs. In this way, the money can be used where it is urgently needed and the risks are diversified in a wide range of investments.
Blossom is also very concerned about the ethics of the investment strategy. In just a few words, is strictly ethical. Not all microfinance is created in the same way. Using Blossom’s platform to finance different projects is used strictly for helping income-generating businesses – never for consumer spending. The aim of the investment is to increase family’s overall household income. With this model, the loan sharks are out of business.
Blossom Key Points
Global Investor Access
With the Blossom platform, the qualified microfinance institutions are able to raise funds from different individuals and institutions from different parts of the world.
Profit Sharing Model
Blossom has a contract structure that aligns the interest of the investors involved, with microfinance institutions that are using a profit sharing structure. Blossom takes no up front administrative fees or service charges.
Fully Shariah Structure
The platform has been designed in order to comply with end-to-end shariah compliance in mind. Contracts use fully approved shariah structures such as profit-sharing and cost-plus asset purchase.
Fast & Easy Fundraising
One of the main purposes of Blossom is to streamline and accelerate microfinance fundraising process. In this way, institutions are able to focus on serving their members instead of dealing with banks and other financial institutions.
Receive Local Currency
Blossom offers you the possibility to receive your profits in your own local currency.
Fully Licensed & Regulated
In moments in which scams are spreading everywhere, Blossom handles regulatory and tax matters in a very responsible way. Blossom’s investments are full licensed and regulated in their respective jurisdictions.
Blossom Finance Core Team
The core team is formed by passionate and great investors who have more than two decades of experience in financial services.
Matthew J. Martin is the President and CEO of Blossom. He has been working as Director of Engineering at Taro, and has been also working at FINkit, and Boku, Inc.
Mufti Muhammad Abu Bakar is Head of Sharia Compliance. He is a specialist in Islamic Finance and Halal Advisory. He has been working as a Consultant at Gateway Islamic Advisory, and in other institutions like ISFIN, International Shariah Research Academy for Islamic Finance, and other institutions.
Blossom Finance Conclusion
Blossom Finance is an institution that helps investors build and grow micro business that allow individuals to generate livable incomes. With a team of experts and an ethical business model, Blossom is ready to offer a more human approach for investors from all over the world.