Check out zidisha.org. They explain why micro-financers have to charge up to 40% (!!!) interest to cover loan management costs. They have a new, eBay-like take

Check out zidisha.org. They explain why micro-financers have to charge up to 40% (!!!) interest to cover loan management costs. They have a new, eBay-like take on micro-financing. You earn about 5% on your loan, while knowing 50% of loans will fail. I like their concept and plan to throw a couple hundred into the wind and see what happens.