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The Complete Idiot's Guide to Person-to-Person Lending by Curtis E. Arnold, Beverly Harzog

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Chapter 8
P2P Lending Sites and Microfinance
In This Chapter
• How P2P lending is connected to microfinance
• Lending money through Kiva.org
• Why MicroPlace.com refers to lenders as “retail investors”
• Lending money on MicroPlace.com
• Learning about microfinance on MicrofinanceGateway.org
 
In this chapter, we take a look at how P2P lending has become a part of microfinance. What is microfinance? It’s a way to help entrepreneurs in poor countries. It’s based on the concept that if you give someone a little help, that person will be motivated to do what it takes to improve his or her life. The loan amounts are small, hence the term microfinance.
It’s a powerful tool that’s believed to be helping those in undeveloped countries. You’ll learn about ...

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