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Do you have any thoughts or sources on Indian micro-loan investments? It looks like a way to help people in need while gaining some profit off their success. I'
by Zelmor 10y ago
Do you have any thoughts or sources on Indian micro-loan investments? It looks like a way to help people in need while gaining some profit off their success. I'm more interested in the former, but I do not wish to simply donate. I do not believe it to be the way to go about these things.
- fantominous 10y agoDo you mean something like Kiva or Zidisha? They're quite popular, but there's a very real chance that the borrower can default on your investment. Not a huge deal though, because if you're micro-lending then this is expected. I don't think the interest rates are good either. Doing it for charitable reasons is fine, but it's not a great way to make money IMO.