tag:blogger.com,1999:blog-3509874543934071072.post5225587420861940153..comments2023-10-20T01:56:35.976-06:00Comments on Digging Out and Up: Every Little Bit HelpsCassiehttp://www.blogger.com/profile/06637374526994566873noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3509874543934071072.post-56960031065381773832011-05-05T10:58:56.355-06:002011-05-05T10:58:56.355-06:00Yeah, there are lots of opportunities to lend righ...Yeah, there are lots of opportunities to lend right now. I figured I wasn't the only one who had looked into it and there were others that were interested. <br /><br />I need reminders too, which is why I like their e-mails!Cassiehttps://www.blogger.com/profile/06637374526994566873noreply@blogger.comtag:blogger.com,1999:blog-3509874543934071072.post-41487792880190252492011-05-05T03:40:33.578-06:002011-05-05T03:40:33.578-06:00I looked into it a few years ago when it was new, ...I looked into it a few years ago when it was new, but the loans always snapped up quick so I never ended up lending anything. <br /><br />Thanks for the reminder! it looks like there's a lot more loans then there used to be.savingfortravelhttps://www.blogger.com/profile/15825279247293889747noreply@blogger.comtag:blogger.com,1999:blog-3509874543934071072.post-55493927025811092032011-05-04T22:46:27.474-06:002011-05-04T22:46:27.474-06:00Lol, I'd love to microfinance my debts to get ...Lol, I'd love to microfinance my debts to get a lower interest rate, but I'm not sure that people would freely donate to the cause of "I was dumb, now I'm digging my way out - help me"Cassiehttps://www.blogger.com/profile/06637374526994566873noreply@blogger.comtag:blogger.com,1999:blog-3509874543934071072.post-36555683697127203722011-05-04T14:18:18.763-06:002011-05-04T14:18:18.763-06:00Microfinance is an interesting area. The real cha...Microfinance is an interesting area. The real challenge is the high transaction costs (i.e. in this case Kiva subsidizes operations through donations), difficulty in collections / fraud potential and currency risk. <br /><br />Probably with $25 bucks you could just consider it a donation if you lost the money, but you wouldn't want to lose several thousand that way.<br /><br />Nice thing about microfinance is the borrowers get away from high interest rates. You should consider microfinancing your credit card and line of credit debt ;).Donnoreply@blogger.com