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I am going to try to rewrite a post that was lost when I had my melt down about two weeks ago. I was trying to add a forum to this blog and I lost two weeks worth of posts.
Micro-lending, often called person-to-person lending or peer-to-peer lending, will eventually make a nice addition to my passive income. The only trouble with it, is that it subscribes to the old adage of “it takes money to make money”. However, if a person has a little extra cash in a savings account or stuffed in the mattress, micro-lending might produce a far better result.
Micro-lending is a way in which people who might not normally qualify for a bank loan can still borrow money. Here is the way it works in a nutshell: if you are the borrower, you would proceed to one of the micro-lending websites to post the type of loan you need. As an example, continue reading…
