But now there is a wave of sites trying to convince people that the web is the place for their money.
The concept is called social lending and the idea is to introduce people who need money to people who want to lend some - cutting out the middlemen like banks and mortgage companies.
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The idea of social lending has been around a while, but currency exchange maybe something new. In any case, the article discusses some first hand experiences in the business of microfinancing.
I'd like more discussion of how often Kiva loans in particular go toward their intended task. Stories about Kiva almost always discuss one really nice success story, which is great, but... that's it. Nothing about the guy who drank it away, or even the guy who tried to make it work but it just didn't.
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