This would probably be classified as a security under U.S. law, meaning generally that because you are soliciting investment from U.S. citizens you would be req

This would probably be classified as a security under U.S. law, meaning generally that because you are soliciting investment from U.S. citizens you would be required to satisfy the requirements of a public offering. (Note that this is distinct from companies like Kiva, as microlending is its own separate thing.)