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Why are these things (Kiva included) frequently non-profit? Wouldn't for-profit make much more sense both because a) I understand the business model is sound an
by pbreit 13y ago
Why are these things (Kiva included) frequently non-profit? Wouldn't for-profit make much more sense both because a) I understand the business model is sound and b) a for-profit venture would reinforce to all the constituents the basic economic principles?
- jkurnia 13y agoHi pbreit, That is a really good question. I know that in the case of Zidisha, we opted to be nonprofit because we did not want to have to charge higher fees to the borrowers in order to make returns for investors.