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The blogosphere and the world of Technorati are abuzz about microcreditcapital.com. With the advertising proceeds, we will be able to make small loans to needy businesses in third world countries such as Haiti. We have already conducted a successful pilot project. Out of 20 participants, there was only one default. And if you choose to lend a small amount of money to microentrepreneur, you can do so too. The loans Microcreditcapital.com makes are without interest. However, the field partners may charge a small fee to cover their over-head costs. Microcreditcapital.com is a peer-to-peer, distributed microfinance website. If we make a loan that gets into default, we may consider it a donation. However, the field partners do their best to vet the businesses through education and various rounds of training until the approval time.
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