SHANGHAI, Oct. 27, 2016 /PRNewswire/ -- UniFi officially launched its "Recruitment Program for Campus Ambassadors with Substantial Monthly Salaries" on October 24, 2016. The new program from UniFi, a leading financial services platform that has gained substantial traction among foreign students in North America, has attracted much attention and interest from the same audience within days of being announced.
Recruiting campus ambassadors who will have the opportunity to earn high salaries
UniFi plans to recruit campus ambassadors from all over the world through the program. Participating UniFi users will have the opportunity to invite their friends and get rewarded with cash prizes. For every successful invitation, existing UniFi users will receive a 50 yuan (approx. US$7.40) cash prize. The more friends they invite, the larger the cash bonuses. The student who accepts the invitation will also receive a 50 yuan cash prize. This simple interactive experience combined with exciting unlimited cash prizes will serve to broaden the appeal of the program to a large number of foreign students. The program closes on November 24, 2016.
Once the program closes, the 50 participating students who have performed the best will be named as UniFi's official campus ambassadors. In addition to a substantial cash prize, the campus ambassadors will benefit from an increased loan facility, priority review and other benefits, as well as an opportunity for an internship at UniFi's North American subsidiary.
UniFi founder and CEO Li Haolong said, "Several constraints have made it harder for students studying abroad to find a suitable part-time job, and, when they do, it is usually a low-paying one. With the goal of providing ambitious and hard-working students studying abroad with the skills that they need, UniFi will provide the campus ambassadors with an opportunity to take on an internship with the company's operations in North America. The internship will be a high-paying part-time job and help set them on a path to realizing their personal value."
Financial service provider for Chinese students in North America
A gaping hole in the foreign student loan services market in North America has existed for a long time. To address the unmet financial needs that can affect their studies, life and entrepreneurial plans, students from China, when faced with a sudden monetary need, often have no choice but to depend on the local Chinese community's loan sharks and other unconventional sources, then be forced to pay back the loan at usurious rates of interest. To fill this gap, UniFi has decided to invest in the foreign student loan services market in North America and act as the personal financial service provider for Chinese individuals studying abroad, a highly educated group who are relatively more reliable in terms of credit and come equipped with an insured future income.
In May 2016, UniFi went online with the entry point into the market being the ability to meet the financial needs of foreign students in North America by providing convenient and fast cash and credit services.
Moreover, UniFi lets its borrowers decide the amount of time that they need to repay the loan, with the choices for paying back in installments ranging for 7 days to 36 months, allowing borrowers to choose flexibly according to their personal situation. Loans can be paid back ahead of schedule with no penalty. With a clean and simple app interface, easy navigation and clear procedures, loan applicants can complete the application for an uncollateralized loan for as much as 100,000 yuan (approx. US$15,000) in a matter of minutes. In tandem with a low monthly interest rate of 0.99%, UniFi permits students to set the repayment schedule according to their own pace, allowing them to meet their needs, whether it be starting a business, paying for tuition, room and board, renting a room, moving, shopping, settling medical bills, buying or repairing a car, or travelling, with the aim of helping foreign students live a better life in North America.
UniFi's parent, Maizi Jinfu, has been very supportive of its subsidiary's efforts in the financial technology field. Maizi Jinfu is a leading Chinese online financial services group, which has focused on the research and development of online financial platforms over the past 6 years and whose proprietary "Water Drop" risk control system, a utility that the firm spent 7 years developing and constantly updating, welcomes Dr. Li Xiaozhong to its executive team. The former top technologist at FICO responsible for the China region, as well as former chief risk officer at Shanghai Lujiazui International Financial Asset Exchange (Lufax), Dr. Li, will be responsible for further upgrades of the risk control system.
UniFi's loan service, which simplifies the loan application and handling process, is not constricted by the limitations of time and space and creates a level playing field for access to all types of information on loans and credit for its users. The service has been acclaimed for its easy accessibility, ability to borrow sufficient funds to meet one's needs, low interest rates and convenience. The firm has quickly earned favor among North America's Chinese student population by helping them overcome financial obstacles.
As part of its long-term plan, UniFi aims to give foreign students access to a database where they can keep track of their loans and expenditures and establish a credit profile. UniFi also plans to offer credit evaluations to foreign students, giving them the opportunity to build a proper credit history. Having such a history will allow the students to enhance their credit profile so they take the steps necessary to assure themselves of a comfortable life in North America, by being able to avail themselves of a low interest rate environment, and, as a result, be able to put down roots in their adopted country in a meaningful way. The firm has signed a strategic agreement with Fair Isaac Corporation, also known as FICO, a San Francisco-based data analytics company that works with the US's "Big Three" consumer credit reporting agencies. The agreement will allow the two firms to complement each other's data resources.
UniFi is a key player in Maizi Jinfu's diverse portfolio of quality assets, helping to expand the quality of the parent company's assets worldwide, and serving as the first step in Maizi Jinfu's brand globalization strategy. In addition to optimizing the structure of Maizi Jinfu's asset portfolio, UniFi provides Chinese investors with a new option for global asset allocation. Maizi Jinfu has assigned itself the mission of providing thoughtful and accessible financial services, not only in China, but also worldwide, and the rollout of UniFi with the goal of supporting foreign students who in urgent need of financial services is a key milestone in the accomplishment of that mission.
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