Social lending gains net interest

Pouring your cash into the far reaches of the world wide web may sound like a crazy idea.

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. Full Story »

Posted by Ari Hakkarainen

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Silhouette_sml
4.5
by Ari Hakkarainen - May. 7, 2007

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.

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