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Stories From Our Flock | Pigeon Loans

Everything you need to know about the Pigeon Loans x Champion Sweatshirt Giveaway

When Pigeon Loans was formed, we decided to create and design a special Pigeon Loans sweatshirt to thank those who helped support us along the way. However, we’ve realized over the past few weeks that Pigeon Loans would not be what it is today without all of our supporters. So to commemorate the upcoming holiday season and give back to our community we are announcing the launch of a giveaway!

As a thank you for being a part of our flock and to brighten up your holiday season a bit more than usual, we are giving away:

Our limited edition Pigeon Loans branded Champion sweatshirt and $500 USD!

Starting October 26th, 2020, and through December 31st, 2020, you can enter for a chance to win this prize. Come January 1st, 2021, we will take all of the eligible entries, randomly shuffle them, and pick 8 winners for our inaugural giveaway.

On December 19th, 2020, we extended the deadline for entries to January 31st, 2021. Winners will instead be decided on February 1st, 2021.

The rules for entering the sweepstake are simple:

Share, like, retweet, or react to any Pigeon Loans social media post with the hashtag #postapigeon.

Send at least one loan offer (“Post A Pigeon”) to someone you know and trust. If you are unsure of how to send a loan offer, check out the step by step instructions below.

If you meet both of these requirements before January 31st, 2021, your Pigeon Loans account will automatically be entered into this giveaway. Once the giveaway has ended, and the winners have been randomly selected, we will reach out to them via email by February 6th, to congratulate them, and coordinate the logistics of delivering their prize!

Visit the Pigeon Loans website at www.pigeonloans.io, and enter in your email and the email address of the individual with whom you would like to send your loan offer too. If you have not yet created an account, you’ll follow our example below, and upon clicking “Sign Up & Post a Pigeon” you will be prompted to create your new Pigeon Loans account. If you are already a part of our flock, simply navigate to this same area of our homepage, enter in the appropriate email addresses, and hit “Post A Pigeon”.

After creating your account and leaving our homepage, you will be redirected to the loan offer page. We call this our Negotiation Portal, and there you will be able to enter in the details of the loan you would like to start. Once you have filled out how much you would like to lend or borrow, how long you want your loan to last, and whether you want to incorporate an interest rate, your loan offer will be sent to all both you and your invitee.

At this point you will have created your first loan offer and with a simple like, retweet, share, or reaction, you’ll be entered into our giveaway.

We’re super excited about this giveaway! We know $500 will go a long way for some of you, and for others it may just go towards buying the latest PS5 or Xbox (hey, we don’t judge). Whichever way you decide to spend your cash, we at least know you will look amazing in our Pigeon Loans sweatshirt.

For a limited time only, we are giving away our exclusive Pigeon Loans x Champion Branded Sweatshirt. This is the season of giving and there's no better time to reward our flock than now.

Giveaway Announcement: Pigeon Loans Sweatshirt w/ A Pocket Full of Cash

Whether you have asked to borrow some money to start your dream business, or have lent your brother cash to buy a new car, you are probably familiar with all the pains of creating a loan with friends, family members or loved ones. It’s exhausting having to deal with the questions that come up like “When am I going to get paid back?”, “How much money do you need?”, “What are your feelings about including an interest rate?”, or “How do I prove I repaid all of my debts?”

As we are all well aware, instead of dealing with these headaches, we often just give up on the loan process, send our distant cousin thrice-removed money, and hope for the best. After dealing with this agonizing process and not having a viable solution to navigate it, the Pigeon Loans founders decided it was time to create a platform that would make sending Johnny that $2,000 for his new half restaurant — half art studio in Bermuda a whole lot easier.

The concept of Pigeon Loans was born out of heightened frustration and fortunate timing. The unique and strange times surrounding COVID-19 allowed many people the opportunity to start projects they have always wanted to try but didn’t have the time nor resources to start them. The internet saw thousands of slices of baked banana bread, needle stitching crafts, and push-up challenges. Some people even decided to start extensive DIY home remodeling projects. If you are going to be confined to the four walls of your house, you might as well make them look pretty, right?

With all this happening and with too much time on his hands, Pigeon Loans Founder & CTO, Brian, had an idea. One afternoon, he was sitting around the house listening to an episode of The Investor’s Podcast, guest-starring Jim Mckelvey, the co-founder of Square. The podcast episode titled The Innovation Stack explained that successful companies are built by normal people who experienced a problem, saw a solution, and took the risk to solve it by any means necessary. Jim implied that true innovation comes from wanting to correct an existing need within society, not simply copying an idea and putting a new twist on it. Brian, sitting around his house on that particular afternoon, realized that he was just a normal guy who experienced an incredibly frustrating process most of his adult life. He believed, like Jim at the beginnings of Square, other people around the world were likely experiencing this same problem of wanting but not being able to create a loan with someone they trust.

On numerous occasions, Brian has lent his mother some money. Brian would send his mother the money she needed. No matter how much his mother promised to restore her debts, Brian knew full well he would probably never get those funds back. Many loans were forgiven, and ultimately he lost track of how much money he had sent his mother over the years. With each passing loan, Brian’s frustration grew and ultimately morphed into a dream, one in which he could use a service that would simplify, provide structure, and make it easier for him to get at least some of his money back.

I can’t think of a good reason as to why people who want to start a project, build a house, enroll in college, or open a bakery should not have access to a simple platform that allows them to seek funding from a loved one. There is no reason why loans have to be terrifying, stressful, inaccessible, or confusing. Listening to Jim Mckelvey speak on T.I.P, helped Brian realize that he could turn his dream into a reality and build a tool that would help simplify life.

After spending a few weeks conceptualizing the platform, Brian quickly brought on a co-founder, Tilly, to help out with Pigeon Loans. While he leveraged his software engineering background to build Pigeon Loans from scratch, Tilly tackled the business, legal and operational side of Pigeon Loans. The co-founders worked quickly, understanding that Pigeon Loans might be helpful to people experiencing financial trouble due to COVID-19, but more importantly, the founders were excited to build something that would hopefully make people just a little bit happier.

And with that, three months into a global pandemic, Pigeon Loans was born.

Read the origin story about how a global pandemic spurred one of the greatest technological innovations of the past decade - Pigeon Loans.