http://venturebeat.com/2012/09/14/startup-seeds-makes-a-game-out-of-micro-lending/
I prefer peer to peer lending.
I’d prefer b2b micro lending.
This ain’t bad. You lend $200 to some homie who wants to buy material to start a grassroots business. They will try to pay you back and sometimes pay you a cut of their earnings. The purpose is not so much an ROI as it is helping someone in a 3rd world country learn to fish versus giving them a fish.
^^^ I think it’s mostly giving money to homettes - for some reason homies don’t pay their debts, so I think the industry largely lends to women. I’m strangely offended by this.
Yea, mostly homettes. And I get the whole thing, but I’m trying to help people in AMURIKHA.