[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]
I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.
