I’m Pulling Out of Prosper
Tuesday, June 3rd, 2008In 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 nearly [...]