Please create an account to participate in the Slashdot moderation system

 



Forgot your password?
typodupeerror
Note: You can take 10% off all Slashdot Deals with coupon code "slashdot10off." ×

Submission + - Zidisha ("Kickstarter" of the developing world) almost reaches $600K. ->

An anonymous reader writes: Per their website, "Zidisha is the first peer-to-peer micro-lending service to offer direct interaction between lenders and borrowers across the international wealth divide. We eliminate the middleman, ensuring that entrepreneurs' profits stay right where they belong – in their communities." Per their statistic page, they claim a 97.71% return rate, their average interest rate is multiples below the global average for micro-financed loans (even after adding their 5% finance fee), and they are just about to surpass $600K loans raised. Apparently they have so many stories to share that the director published a book. For those skeptical about capitalism, perhaps this is an example of how we can hack it into something better.
Link to Original Source
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Zidisha ("Kickstarter" of the developing world) almost reaches $600K.

Comments Filter:

All great discoveries are made by mistake. -- Young

Working...