They are now moving into an open beta and are looking for more people to use the system. Won’t you join me there?
I’ve been using it for a while now and have already invested in a group of 6 women who want to sell auto spare parts and in Sulaiman Bulega (shown in the picture) who is going to expand the selection of office stationery in his store.
The really cool thing here is not only that helping people in the third world feel great – I also stand to get my investments back, with interest. So far, all the investments on the site have been repaid in full, meaning the default rate on the loans is lower than in banks in developed nations.
It’s really simple to join the site and to use it – but you will have to put at least 150 Euro (about 200 USD) in your account which you can then immediately invest in Africa.
In my opinion, THIS is how we will help the third world. Not by giving away money and aid but through investments and trade.