What's the Catch? — 7 months ago
I want to do this, but I’m still pretty uncertain.
Has anyone had their loan default?
Approximately how long does it take for your money to be returned?
If you choose not to keep your $25 on the site by re-loaning it, how does the money get back to you, and does all of it get returned to you?
Do we know how much $25 is worth in the country where we lend? (i.e., our $25 in India would be 1,000 rupees, which could buy so many loaves of bread, etc.)
Basically, is there a catch? How much of the $25 does the company take or does the middleman take? I’d hate to lend money to somewhere that doesn’t treat the people who deserve the money right/well.
