#microloans — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #microloans, aggregated by home.social.
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Just saw a Kiva loan request come across my feed, so I looked into it. Long article linked.
TL;DR: Kiva started out as a great idea, but has shifted to distinctly for profit. Lenders are not actually giving money to the loan request, but to a pool of money distributed by a mega Corp. Borrowers are charged up to 8% interest. The CEO is making six figures.
Shady and misleading. Very disappointing.
Link:
https://www.technologyreview.com/2023/08/14/1077351/microfinance-money-making/#kiva #MicroLoans #CommunityAssistance #MutualAidRequest #MutualAid
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Mercy Corps CIO explains how NGOs can integrate blockchain to amplify their efforts - Rapid and efficient humanitarian aid distribution is enhanced through th... - https://cointelegraph.com/news/mercy-corps-cio-explains-how-ngos-can-integrate-blockchain-to-amplify-their-efforts #disasterresponse #humanitarianaid #venturecapital #climatechange #globalsouth #humanrights #mercycorps #scottonder #microloans #resilience #mutualaid #conflict #adoption #charity #fintech