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Bitcoin Discussion
Re: Bitcoin in developing nations
by
worldly
on
30/12/2011, 13:38:12 UTC
Quote from: BadBear on December 30, 2011, 01:27:40 PM
I won't support Kiva, heard too many bad things about their lending partners and their loan shark ways. The wikipedia lists their interest rates and some are over 50%. Yep, helping those poor third worlders all right.
http://en.wikipedia.org/wiki/Kiva_%28organization%29#Interest_rates_2
Wholly crap you are right, maybe btc would allow kiva to bypass the field partners altogether and offer 0% interest rates.
That would be pretty cool.