Catch up on stories from the past week (and beyond) at the Slashdot story archive

 



Forgot your password?
typodupeerror
Get HideMyAss! VPN, PC Mag's Top 10 VPNs of 2016 for 55% off for a Limited Time ×

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

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.
This discussion was created for logged-in users only, but now has been archived.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:

Backed up the system lately?

Working...