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Archive for June, 2008

I’m Pulling Out of Prosper

Tuesday, June 3rd, 2008

In August 2006 I put $1,000 into each of two new microlending institutions. Kiva facilitates loans to entrepreneurs in countries such as Uganda, Ecuador, and even Iraq, and it doesn’t pay people like me any interest at all. (The intermediate lenders can charge whatever interest rates they want.) Prosper lends to Americans and remits [...]