Circle Credit · Lending
A loan priced by your record, funded by people who never learn your name.
Wiremi sets the rate from your tier and your history. Peer benefactors, ordinary members lending their own capital, fill the book at that rate and cannot change it. You see the full offer before anyone funds a cent.
How a loan fills
Four steps, and the price is fixed before step three.
- 01
You request an amount
Pick how much and over how long. Wiremi packages your standing, never your identity.
- 02
Wiremi prices it
We assess your record and set the rate. The offer names what set it: your score, and your circle contributions.
- 03
You accept or decline
Neither side negotiates. Accepting sends the request out for funding at that rate.
- 04
Benefactors fill the book
Members commit their own capital. Everyone funds at the same rate. Nothing leaves a wallet until the loan fully funds.
Borrowing
The offer tells you what set it.
A Circle Credit offer is attributed on screen: the score, the count of on-time circle contributions, and the fact that no bureau file was involved. If your rate is 14%, you can see exactly what made it 14%.
An active loan shows the whole schedule, what has been filed, and what each on-time repayment did to your score. Settling early is a first-class flow, not a phone call: you get a payoff figure for today and the remaining interest is waived.
Peer benefactors
You lend. Wiremi facilitates. That is the whole role.
Lending on Wiremi is two-sided. Members put their own capital behind other members and become the lender of record. Wiremi acts as your agent for a disclosed fee, and that is the limit of what we do.
You choose which loans to fund and how much. You never choose the price, and you never see who the borrower is. Anonymity runs both ways.
You can lose the entire amount you commit. The lending is unsecured. Wiremi does not cover a shortfall, does not guarantee any loan, and none of it is covered by CDIC. Recoveries are distributed pro rata after costs.
How a book fills
Nothing moves until the whole amount is there.
Wiremi prices the loan from the borrower’s tier and record. Benefactors then fill it at that price, in whatever amounts they choose. Every wallet is debited at the same moment, when the book closes, and never before.
If a book does not fill, nobody has paid anything and the request expires.
Loan request
$2,400
- Rate
- 15.0%
- Term
- 6 months
- Tier
- Trusted
- Peer benefactor · AnchorPending$600
- Peer benefactor · TrustedPending$400
- Peer benefactor · AnchorPending$500
- Peer benefactor · TrustedPending$300
- Peer benefactor · BuildingPending$250
- Peer benefactor · TrustedPending$350
Nothing leaves a benefactor wallet until the book is full. Everyone funds at the same rate, and no one can change it.
The agreement
Consent is a document with a version, not a row of checkboxes.
The peer benefactor agreement is five articles under Ontario law. You open it, you read it, and accepting inside the document is what ticks the box. One accept, one optional signed copy by email.
- ART 01
You lend your own money
and you are the lender of record.
- ART 02
Wiremi acts as your agent
for a disclosed fee, and that is the limit of the role.
- ART 03
The risk is unsecured
total loss is possible and there is no CDIC coverage.
- ART 04
Wiremi prices the loan
the borrower accepts, and you choose the amount only.
- ART 05
Recoveries are pro rata
after costs. Stop funding any time; live commitments run to term.
At Anchor, the top tier
Capital and earnings, kept apart
In either direction
Questions people actually ask
- Can I negotiate my rate?
- No, and neither can the people funding you. Wiremi prices every loan from the borrower’s tier and record. Removing the negotiation is what lets a stranger fund your loan without ever learning who you are.
- Do benefactors find out who they lent to?
- Never. A request shows the Community Credit score and the circle record, no name, no employer, no address. The borrower does not learn who funded them either.
- What happens if a borrower defaults?
- Wiremi runs collection and distributes any recovery pro rata after costs. Benefactors carry the loss on what is not recovered. Wiremi does not cover the shortfall and does not guarantee any loan.
- Can I stop lending?
- At any time. Stopping means no new loans are funded from your wallet; commitments already live run to their term.
- Does lending help my own score?
- Yes. Loan conduct is 25% of Community Credit and it counts loans repaid as a borrower and loans funded as a benefactor.
- Can a circle lend its reserve?
- Yes. A circle can become a benefactor with its own reserve, serving its members first, under a cap it sets and a vote it carries. How circles work.
Both sides