I Just Did the Coolest Thing!

[CC1]

I also have read news stories about this concept. It seems like a very good idea but since it requires internet access and the know how to use it I would be afraid it would be rip to be abused by scam artists like the ones behind the Nigerian internet scams.

I wonder if they have a way to police it and make sure the loan applicants are legit.

[simplyme]

Originally Posted by CC1

I also have read news stories about this concept. It seems like a very good idea but since it requires internet access and the know how to use it I would be afraid it would be rip to be abused by scam artists like the ones behind the Nigerian internet scams.

I wonder if they have a way to police it and make sure the loan applicants are legit.

Yeah I'm just skeptical enough to be concerned that the REAL people needing this $ might not get it., scam artists abound globally.
AND while its being done over there, & I agree its a marvelous idea, why not here in the U.S.? I don't KNOW of any such services, here, that don't require good credit, collateral, etc., for even mature chrisitan folks.
STILL if it works it works., not a bad concept. Helping people can come in many forms., "giving" can, as well.

[CC1]

Originally Posted by simplyme

Yeah I'm just skeptical enough to be concerned that the REAL people needing this $ might not get it., scam artists abound globally.
AND while its being done over there, & I agree its a marvelous idea, why not here in the U.S.? I don't KNOW of any such services, here, that don't require good credit, collateral, etc., for even mature chrisitan folks.
STILL if it works it works., not a bad concept. Helping people can come in many forms., "giving" can, as well.

One of the articles I read was about such a service for here. The scary thing is that it is geared toward small business people who are not credit worthy enough to get conventional loans. I would feel a lot better about giving a small loan that was small enough it could be considered a donation if things went south to a small business person in Africa rather than the sums of money small business people in America need and who were not credit worthy enough to get it on their own.