System and method for facilitating loan and sponsor to user for organising event

Abstract

A system and method comprises receiving 804 a request for a loan from an event organiser or user. The request will include information about the user, the event, and / or loan requirements (such as req

Claims

What is claimed is:

1. A system for facilitating loan and sponsor to a user for organizing an event, the system comprising:a receiver module to receive a request for credit loan from the user, on a credit lending platform, wherein the request for credit loan includes at least one of: user information, event information, required credit loan amount, and funding preferences;a collector module to collect performance metrics of at least one of: the event ticket sales, average ticket value of the event, event capacity, and number of organized events;a credit score generation module to generate a user-credit score based on the received request for credit loan and the collected performance metrics using a scoring algorithm;a credit computing module to compute virtual credits to be allocated to the user based on the generated user-credit score;a pairing module to pair the user with one or more lenders selected from a plurality of registered lenders based on the user-credit score and the computed virtual credits; anda credit allocation module to allocate the calculated virtual credits to the user from the paired one or more lenders.

2. The system of claim 1, wherein the user is at least one of: an event promoter and event organizer, wherein the plurality of registered lenders include at least one of: banks, financial institutions, and other entities interested in providing loans to the user.

3. The system of claim 1, further comprises a sponsor determination module to determine one or more sponsors from a plurality of registered sponsors to sponsor the event, wherein the one or more sponsors are determined based on at least one of: event preferences, lending objectives, and budget.

4. The system of claim 1, wherein each of the determined one or more sponsors is from different industry, such that only one sponsors from an industry is paired with the user.

5. The system of claim 1, further comprises a matching module to match the user with one or more vendors from a plurality of registered vendors offering event-related products and services.

6. The system of claim 1, wherein payments for the products and services offered by the matched one or more vendors are made using the allocated virtual credits.

7. The system of claim 3, wherein the sponsoring of the event includes facilitating anagreement between the user and the determined one or more sponsors.

8. The system of claim 7, wherein the agreement is based on a sponsorship proposal including at least one of: a financial commitment, branding expectations, and event deliverables.

9. The system of claim 1, wherein repayments of the allocated credits are facilitated from future event ticket sales.

10. The system of claim 1, further comprising an authentication module to validate and process the virtual credit allocations, via one or more partner banks.

11. A method for facilitating loan and sponsor to a user for organizing an event, comprising:receiving a request for credit loan from the user, on a credit lending platform, wherein the request for credit includes at least one of: user information, event information, required credit loan amount, and funding preferences;collecting performance metrics of at least one of: the event ticket sales, average ticket value of the event, event capacity, and number of organized events;generating a user-credit score based on the received request for credit loan and the collected performance metrics using a scoring algorithm;computing of virtual credits to be allocated to the user based on the generated credit score;pairing the user with one or more lenders chosen from a plurality of registered lenders based on the user-credit score and the computed virtual credits; andallocating the computed virtual credits to the user from the paired one or more lenders.

12. The method of claim 11,wherein the user is at least one of: an event promoter and event organizer.wherein the plurality of registered lenders include at least one of: banks, financial institutions, and other entities interested in providing loans to the user.

13. The method of claim 11, further comprises determining one or more sponsors from a plurality of registered sponsors to sponsor the event, wherein the one or more sponsors are determined based on at least one of: event preferences, lending objectives, and budget.

14. The method of claim 11, further wherein each of the determined one or more sponsors isfrom different industry, such that only one lender from an industry is paired with the user.

15. The method of claim 11, further comprises matching the user with one or more vendorsfrom a plurality of registered vendors offering event-related products and services.

16. The method of claim 15, wherein payments for the products and services offered by thematched one or more vendors are made using the allocated virtual credits.

17. The method of claim 13, wherein the sponsoring of the event includes facilitating an agreement between the user and the paired one or more lenders.

18. The method of claim 17, wherein the agreement is based on a sponsorship proposalincluding at least one of: a financial commitment, branding expectations, and event deliverables.

19. The method of claim 11, wherein repayments of the allocated credits are facilitated from future event ticket sales.

20. The method of claim 11, further comprising validating and processing the virtual credit allocations, via one or more partner banks.

Images