3 ms·
reminds me of microloans. It's a growing trend in Africa. I believe there are websites that connect you to farmers in Africa and you actually make good ROI.
by quizbiz 18y ago
reminds me of microloans. It's a growing trend in Africa. I believe there are websites that connect you to farmers in Africa and you actually make good ROI.
- ajju 18y agoThe difference is that I am talking about funding in amounts larger than what microloan sites like Kiva allow (Kiva's top loan amount is ~2K) but more importantly, provide mentoring like YC does. Therefore, it has to be done by experienced entrepreneurs who guide these new entrepreneurs closely.
- suliali 18y agoLove this idea. There are already incubators and seed funds doing this in India and China. And I suspect the trend will accelerate.