Micro Lending for profit. Any good players out on the field?

Discussion in 'Entrepreneurship' started by saxon22, Nov 28, 2018.

  1. For those with extra funds available, have you looked into micro lending for profit? Kind of like Kiva except the loan is repaid with %. Are there any companies which are doing it successfully? It would be nice to park couple thousand spread among several loans at a decent interest rate to see if this makes extra %. Any info would be appreciated.
     
  2. d08

    d08

    I use Mintos myself (ref link for cashback for both). It's a fun side project to trade the loans but cannot make serious money. Besides, it's not insured so you don't want too much sitting there. Still, can make about 15% with effort or 12% without.
     
  3. Considering the time involved for administration and the default risk, micro lending seems mostly a charity enterprise.