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A comment on Silicon Valley's Problem. Parent comment
It's a lot like Kiva, except there's no MFI acting as a middleman. Thus, borrowers pay far lower interest rates.
You see, borrowers of Kiva loans actually pay a lot in interest, with an average rate of about 35% - http://en.wikipedia.org/wiki/Kiva_(organization)#Current_int... . At Zidisha, borrowers pay as little as 5% in interest.
Kiva has a pilot program inspired by Zidisha called Kiva Zip.
Disclosure: I'm on the board.
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It's a lot like Kiva, except there's no MFI acting as a middleman. Thus, borrowers pay far lower interest rates.
You see, borrowers of Kiva loans actually pay a lot in interest, with an average rate of about 35% - http://en.wikipedia.org/wiki/Kiva_(organization)#Current_int... . At Zidisha, borrowers pay as little as 5% in interest.
Kiva has a pilot program inspired by Zidisha called Kiva Zip.
Disclosure: I'm on the board.