Now THIS is what Web2.0 could be about. Simple. Rich with human connection. If everything goes according to plan, my investment will return to my PayPal account in the agreed upon time. Of course I risk losing it, but so far Kiva has had 100% payback. It’s still early in the experiment, but microlending has a good rep – something like 97% repayment.
Nancy White finds a microlending system, Kiva. It works like Grameen Bank, making small loans to small business in developing countries. You can become a microlender from your desktop. Beautiful idea.
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