Re: All You Guys With More Money Than Brains!
 

[ QUOTE ]

i dont get the "high-reward" part


[/ QUOTE ]

You help some dude start a business so he can feed his family.

Or, you could pay some guy a couple hundred dollars to puke up hot sauce. Your call, I guess..



I can't believe how badly you guys are missing the point. Most people do not want charity! These are legit business people who just happen to be... buying and selling goats. But this is the third world, when they need capitalisation, you figure they're just gonna put it on their Mastercard? Or maybe visit the neighbourhood Citybank?

Tell me what kind of business you're going to start for a few hundred bucks in New York City? Meanwhile, for cab fare or the price of a couple drinks, you can help get someone going...

They've yet to have ANYONE default on a loan. Think about that for a minute! Compared to us, these people are dirt, dirt poor and yet they manage to repay these loans even though there's no possible way to force them to do so.

Why?

[ QUOTE ]

how the hell do I know where my money really ends up


[/ QUOTE ]

Like you have any idea what your bank really does with your money you have on deposit. As I said, everything I've seen points to this being totally legit. But, go ahead, do your own homework. The site's there, you know where Google is, have at it....

Re: All You Guys With More Money Than Brains!
 

[ QUOTE ]

the loan part is cool for getting more people into it i guess, but i don't see why there should be any juice on it.


[/ QUOTE ]

I think the difference between a loan vs charity is huge from a self-respect point of view. Asking a buddy for a loan can be tough enough, you ever ask a friend for a hand-out? Even the poor have pride.

It also helps keep the funds in circulation, without the constant pressure to recapitalise and seek new donations. ie: You loan someone $X, they pay it back, you can loan that $X to someone else. If you give them $X then the next time you want to help someone out, you have to give them $X as well. So the cost is now $2X. Eventually even if X is small you're going to get to $100X or $1000X where it may become difficult to aquire more funds. Loans are much more sustainable.

Re: All You Guys With More Money Than Brains!
 

[ QUOTE ]

They've yet to have ANYONE default on a loan.

[/ QUOTE ]

This screams fraud / con... think about it for a minute.

Re: All You Guys With More Money Than Brains!
 

Even capitalists should be jumping on this, i'd think it was pretty obvious that this is a win win no matter what side of the fence you sit on. Great idea.

Re: All You Guys With More Money Than Brains!
 

a couple bummers:

they don't actually have any place that you can donate money, there are no current prospects because of popularity

the business blogs are typed in by a pastor, as i had feared it looks like all of this is coming to them by the way of jesus christ. they're naming their companies christian names and thanking god profusely for the donations, etc. any means to an end but that's just a bitter pill to swallow.

Re: All You Guys With More Money Than Brains!
 

[ QUOTE ]
[ QUOTE ]
A great low-risk, high-reward idea.


[/ QUOTE ]

i dont get the "high-reward" part

[/ QUOTE ]
You donate $25 and you save $10 in taxes.