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Good to get a direct response. APR is still the right # to give Apples to Apples comparisons. Service fees should be included. That said, these rates are no
by mathattack 13y ago
Good to get a direct response. APR is still the right # to give Apples to Apples comparisons. Service fees should be included.
That said, these rates are no worse (and in many cases better) than other Microloan program. It highlights the dearth of credit for good projects when people can make a profit borrowing at such high rates.
This is a highly lucrative business.
- jkurnia 13y ago"This is a highly lucrative business." Zidisha's total revenue and operating costs are less than $10K per month. Only two people, myself and a web developer, receive a salary for working with Zidisha. (That salary is barely enough to cover the cost of a shared or low-income apartment.) Everyone else who works with Zidisha is an unpaid volunteer.