Fri
Feb
13
Where Grameen Bank meets eBay
I continue to be intrigued by use of technology to solve world issues. Here is another case of taking an existing model, or in this case two models, and applying them to new uses. MYC4 is different from other microloan sites, such as Kiva, in that investors actually get a return. The eBay model comes in to play with the interest rate - different investors can “bid” with their lowest rate and the entrepreneur can set a maximum acceptable rate, similar to minimum bids on eBay for selling things.
