Microfinance

Cool website that allows normal people to do microfinance:

www.kiva.org

I think there could be a business idea in creating a similar site for normal entrepreneurs. Forget about getting 20 m dollars from venture capital companies or business angels – rather, find projects that can be started for less than 20.000 dollars, and post them on a similar site, so normal people can invest in them. While some work needs to get done to prevent abuse of the system, I am sure it can be done.

Categories: Fragments of knowledge

Author:Thomas Wedell-Wedellsborg

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