Hello,

Anyone have any experience, thoughts, feelings about the various microloan type companies? I don't even want to post names and advertise for them, but you can. Some of these companies aren't really even micro-loans, I suppose. You can loan any amount, generally over $50, and you can loan a certain amount spread between 20 people, etc. So if borrower X defaults on that $4000 new-deck loan, you only lose the $100 that you loaned him (plus get back some from whatever the loan is bought for from the distressed loan buyers). Industry too new? Too much headache? great way to get some pretty safe 9% interest today?

Any help will be apprecited.

I didn't find the right solution from the Internet.

References:
https://www.bogleheads.org/forum/viewtopic.php?t=19290
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Thank you.