[quote=dbapig][quote=afx114]Kiva.org is innovation.[/quote]
True but is it really a Wall Street innovation or Tech innovation? It’s more of a tech innovation, aka internet.
You cannot really say ‘Wall Street’ and ‘Kiva’ in the same sentence.[/quote]
One involves macro financing. One involves micro financing.
One involves pooling debt into traunches and converting them to investment vehicles like MBS and CDOs… The other involves pooling small lenders to make loans to very small borrowers – to change the lives of the borrowers.
One is driven by people obsessed with profit and bonuses, the other is driven by people who quit their high tech jobs at Tivo, Broadcom, Ebay etc to start this microfinancing venture to do good.
There are comparisons – but they’re not very favorable to Wall Street.
