A New Spin on MFI lending
Published by Jerry Ostradicky, | 02 Nov 2008 at 07:33 pm
Ever since we have launched mykro.org, I have had a lot of people who were interested in hearing about different lending platforms that are similar to Kiva. There are a lot of lending platform that give the lender a return on their loan, but I have found very few where you can just lend money to people in need without getting a return. I recently came across a company that has a great new concept. United Prosperity, which is set to launch soon, is a person to person loan guaranteeing website. Rather than providing funding for the full loan of an entrepreneur, the lender only pays enough for the collateral, that way the recipient can get a full loan from a bank or other financial center. For more information about United Prosperity, take a look at their website, and watch for the launch of their beta version shortly.
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