4 ms·
It's not a zero-interest loan, but the Kiva "field partner" pockets the interest, so there's no possibility of return. From their website: "Lending to the work
by apsec112 17y ago
It's not a zero-interest loan, but the Kiva "field partner" pockets the interest, so there's no possibility of return. From their website:
"Lending to the working poor through Kiva involves risk of principal loss.
Kiva does not guarantee repayment nor do we offer a financial return on your loan. "
- robg 17y agoWhat are the regulatory obstacles to running a business that does offer a small return? I have to assume there are some, no, or else you get loan sharks.
- callmeed 17y agoThat's what Prosper was doing but the SEC forced them to temporarily stop lending and jump through more hoops. http://www.techcrunch.com/2008/11/26/sec-outlines-its-reasoning-for-shutting-down-p2p-lender-prosper/ http://www.techcrunch.com/2008/11/26/sec-outlines-its-reason... I'm not sure where they sit now, but when you browsed Prosper you could find people requesting loans for business (not just personal items like cars).
- subhankar 17y agodfgdfgdfgdf