Mayfield, IL – Obtaining a loan from a bank or funds from any entrenched financial institution always had been an uphill task. And instead of the institutional funding system or approach becoming more flexible has only turned more rigid and complicated over the years. Banks and corporate investment firms as well as individuals with deep pockets have tightened the belt when it comes to lending money to smalltime businesses and budding entrepreneurs who need large dosages of capital for getting their startups off the ground.
These institutional investors and capitalists are willing to open up their purse strings only for those individuals and institutions with a regular hefty income and spotless credit history. This is where Mayfield steps in to provide financial succor through crowd-funding to those desperately in need of startup capital or exigency funds but are unable source the same from banks.
To put in a straightforward manner, Mayfield is a web-oriented communal system or organization that provides financial assistance to community members and essentially functions on the principle of mutual-aid. The site clearly and explicitly makes it clear that it doesn’t overtly or covertly function as a Ponzi or pyramidal setup. It encourages all its registered members to have a stranglehold on their wealth and make the most out of the same for the online community’s welfare. Mayfield operates as a decentralized institution where authority or power is not vested in a single individual or a coterie of individuals operating from a command center. Instead, Mayfield has over 20 branches or satellite centers throughout the world and each and every center functions with complete freedom.
Bitcoin is the one and only currency that is considered legal tender in Mayfield. The fact that the currency is minted and stocked digitally or electronically renders it immune from being controlled or manipulated by any individual. Despite its similarity to physical currencies like coins or banknotes, it cannot be used like the latter. The most tangible benefit of a Bitcoin is that it can be used for carrying out immediate or instant transactions across the virtual world as the need to convert it to another form (of currency) is done away with. Once you become a Mayfield community member, you can invest money (in the form of Bitcoins) and expect a 1%-3.3% return on your investment.
Crowd-funding is an innovative means of raising capital on the Internet where millions of users and surfers contribute towards building a finance pool. And Mayfield has taken this method of collecting capital to a new level. The entire system at Mayfield is sustained through a policy of give and take. That is if a community member helps out his or her counterpart by lending money, he or she can look forward to being assisted in return in the near future.
Mayfield is a web-based community system that earnestly strives to support community members and associates financially through a unique crowd-funding mechanism.
This post has been seen 139 times.