PayPal Developing Businesses in the Third World.
I stumbled across this on BubbleGeneration, and being a fan of the P2P microloan post ebay/paypal arbitrage I like Kiva's spin on the Prosper business model; It's the inverse of the Nigerian email scam. Get a high interest rate and low default rate. While feeling good. Neat dividend meets donation strategy.
Kiva.com : "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 strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back."
Kiva.com : "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 strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back."
posted by redbarren at 12:34 AM
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