Social Lending: Poor Africans pay-up, fat Americans… not so much.

April 18, 2008

Back in October of 2006 I joined Prosper as a lender, thinking it would be a great way to get a good return while doing some social good. In January of 2007 I started lending money on Kiva where the sole focus is on the social good created by these loans. At the time I wondered if I would ever see any money come back from the loans and what kind of interest rate I’d eek out on Half way through the social lending horse race, the results are trickling in and they are rather surprising.

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