Nah. I was thinking of Kiva. Kiva used to offer returns on their loans, just like Zidisha and most of the other microloan platforms did when they were relatively new. Apparently at some point during the last couple years they did away with that and turned it into what it is now, which basically amounts to interest free loans for banks so they can keep all the interest they charge the end customer. I just hadn't actually checked the site in a good while.HippieVan wrote:lba wrote:
I also just recently had a mildly insane idea I got from PWOT ( the Cracked forums.).
The Duck needs money right? Supposing that if everyone who is a regular on the site chipped in a few bucks and set up a DD Kiva account? It takes quite literally $25 to help fund a single loan so it's not a high barrier to entry, and it helps other people throughout the world, all while earning a small revenue stream for the duck. You'd have to work out who is going to manage the account and pick which loans to give to, but for $500, which is nothing in terms of starting capital, a group effort could potentially pool a decent enough bit of earning capital.
Plus, I've come to learn over the last few years that putting out a bit of goodwill to others has a decidedly karmic effect.
Could you be thinking of a different site with a similar premise? I don't see how money could be earned through Kiva.
From their site:
“Do Kiva and/or Kiva lenders receive interest on Kiva loans?
Kiva never collects interest on loans and individual Kiva lenders do not receive interest from loans they support on Kiva.”
I have no effing idea what you're talking about, but your nick always reminds me of Elba where Napoleon was imprisoned.