PhilHelp Administration of Financial Marketing/PhilHelp International Lending Corp.

September 17, 2020ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENTSEC ADVISORYThe Securities and Exchange Commission has received information that individuals or groups of individuals representing PHILHELP ADMINISTRATION OF FINANCIAL MARKETING/PHILHELP INTERNATIONAL LENDING CORPORATION ("PhilHelp") are offering loans to the public and enticing them to invest their money with the entity with the promise of monetary rewards or profits. PhilHelp (with website: https://www.philhelp.net/) is engaged in the so-called "Peer-to-Peer Lending" and operates a P2P Funding Platform or virtual marketplace where borrowers and lenders purportedly meet and interact directly. Through said platform, PhilHelp offers and extends different types of loans (personal loan, fast loan, palengke loan and insta loan) to borrowers. On the other hand, through PhilHelp's facility, investors/lenders sign up and deposit/contribute money to be pooled by PhilHelp to fund these loans and in turn, receive returns on their investments.Further, the company has a scheme where a lender is entitled to a guaranteed interest/profit of a total of 180% (30% monthly for 6 months). For lenders— Minimum capital = Php2,000.00;— Maximum capital = Php5,000,000.00;— The amount invested will be...