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loans to Armenia?

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  • loans to Armenia?

    I was on yahoo and skimmed through the article: "8 surprising things to do with $1000", here was #5 on the list:

    5) Be charitable, make money

    Similar to P2P lending, microloans are a great way to give back to those less fortunate, while also earning high interest. Typically, the money is loaned to poor people, usually women, in low-income countries, like Armenia, Bolivia, Cambodia and Indonesia, who are trying to start a new business venture. A little bit of money goes a long way, with average interest rates around five per cent. Of course, like other uninsured investments, there are risks. But historically, 97 per cent of low-income borrowers have paid back their loans, so the odds are in your favour.
    I've heard of micro-loans to women in African countries, and in India, but Armenia? What is the situation regarding loans in Armenia coming from overseas? Does the "97%" stat hold true for Armenians paying back their loans? How well are we able to target our loans to women trying to start a business venture?

  • #2
    Re: loans to Armenia?

    Bahahahahahaha. 5% interest on loans that are not insured to those that are less fortunate and expect to see them paid back. Might as well walk up to the roulette table, put down your investment and bet on red or black. How do banksters sleep at night.
    "Nobody can give you freedom. Nobody can give you equality or justice or anything. If you're a man, you take it." ~Malcolm X

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