Simple site exploring modern financial tools
Entrepreneurs need capital to start their businesses, Zidisha provides microcredit services to raise capital from lenders around the world. Zidisha is a non-profit provider, similar to Kiva, who doesn’t offer interest rates for lenders. Lenders are recruited from people, who would otherwise think about giving to charity or leaving money in their bank accounts, not from investors.
Not having interest rates is a) legally advantageous, they are not subject to financial market regulation b) convenient to borrowers, whose cost of capital decreases.
Ever wanted to dip your toes into lending, microcredit, and microloans or start investing in the developing world? Figuring out how much to give to charitable causes and how much to save might be difficult. Those two things were at odds. Until Kiva came into the picture.
Microfinance is an area of finance concentrated around people in poverty. It consists of microcredit – loans and other debt facilities, savings, and checking accounts, payment processing, and microinsurance.