Kiva takes Prosper to another level. I like both of these sites – they both provide an interesting view on people helping other people out. Its almost charity, except that the intention is that the loans are repaid – the charity is in the provision of opportunity rather than the finance itself.
Of course I’m slightly worried by the number of people on Prosper trying to pay down their credit card debt by taking another loan, the number here seem to suggest that they cannot get credit from the usual sources, and theres probably a good reason for that.
But between the credit laden there are some interesting ideas which likely wouldn’t get funding from the conventional lenders. I intend to spend some time investigating and supporting worthy projects on both sites.
One day.