Californian non-profit United Prosperity developed a new twist to social lending - it is a peer to peer guarantee website. Instead of lending money directly and thus needing to transfer it internationally the “social guarantor” provides a cash collateral. This enables the small entrepreneur in the developing country to get a loan from a local [...]
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- Kiva Forum P2P No Bank has launched independent forums covering all p2p lending sites — including Kiva. Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great......
- Prosper.com Lenders Unite: Where is our Interest? First of all, I love Prosper.com. It is a great idea (person-to-person lending, breaking the loan apart into smaller chucks to diversify, credit checks, etc.)... BUT, that fact that a lenders money doesn't earn interest is ridiculous. Once money (it takes 4 business days) is in Prosper.com account interest is not earned. ......
Continue reading → Unitedprosperity.org - guarantee a microloan to small entrepreneur in India
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