Zidisha, good idea on helping out. (1 Viewer)

[Deleted34567]

www.zidisha.org

Been putting a few quid into this for a while.
Just re-invested my returns again tonight.
Brilliant way of giving less fortunate people in third world countries a leg up.
Amazing the difference a few hundred makes, and to boot it is an investment... Both in money and people.
No commercial interest, just something I get a kick from.

 

[Minxy]

Can't knock the principle but there is a risk that you'll lose your money!

Is Zidisha an investment broker?
No. Zidisha is a low-cost nonprofit community (managed by volunteers). Our organization is responsible only for maintaining the Zidisha website as a platform for the transactions that take place between its members. Accordingly, we do not make any representation or promise that lenders will recover their funds or earn a positive rate of return.​

 

[Deleted34567]

Can't knock the principle but there is a risk that you'll lose your money!

Is Zidisha an investment broker?
No. Zidisha is a low-cost nonprofit community (managed by volunteers). Our organization is responsible only for maintaining the Zidisha website as a platform for the transactions that take place between its members. Accordingly, we do not make any representation or promise that lenders will recover their funds or earn a positive rate of return.​

Yes,
Absolutely. But the people borrowing here have ( in my experience) have a 110% work ethic and work to succeed.
I began putting $100 US in, now about $1500 and intend to keep doing it. Satisfying seeing the results.
My losses so far? $40 on one scheme, but the returns have been greater than this.
Not a money making scheme, rather a helping out scheme.
I treat it the same as a lottery ticket, by all means buy it but have no real goal of winning the jackpot..... but be in a position to afford to loose the price of the ticket !

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