Since when has lending money become a cause noble enough to earn the Nobel Peace Prize? Donating money seems to be a much more dignified action. How does an interested independent lender, such as myself, get involved I wonder.
okay, this is what I’m thinking…I’ve got some cash left over from college, my sister’s dying to find a job at a non-profit, but they all hardly pay enough to live on. so…let’s start a teeny-tiny investment/microloan company! Not quite as altruistic as a non-profit, but still doing lotsa good and maybe even making us some money, too. I hear the returns are excellent, because the borrowers are mostly women who’d give anything to get their families a fighting chance financially, so they don’t even consider NOT repaying the loans….I just need a “For Dummies” book on how to get started!
It always starts out innocuously enough but before you know it you’ll be a slum lord. I remember when they announced the winner of the prize and I had never heard about it before. It seemed he was able to cut out a lot of the middle men in the community and the women were actually able to turn a profit from their works after having gotten the loans. I never would’ve thought of it, but if it works I guess it’s a good thing.
You know, I am in the hunt for a new job. Perfect timing! I can throw in the $20 I’m about to win from the not-smoking bet. =D I shall find the dummy book via the internet….to the reception desk!
I think I’d rather eat pickles than be a slum lord…but you’re right. power corrupts. I think I could count on you peeps to keep me grounded! seriously…we can start with a budget of less than a grand..let’s do it! I don’t care if we don’t make much money, I just wanna DO SOMETHING!!
I found an international micro finance institution that represents private investors. There are several funds offered, each of which, epitomizes different areas globally and aspirations. However, the minimum promissory note amount is $2,000. ROI is only 1.625% for an 18 month period. That’s like $33. There is a detailed table on Accion International’s website. Bonds seem like a superior choice.
wtf? we’re not on the same page, here…I’m not trying to get rich, quick or otherwise. $2K’s not out of reach, but I’d like to be more involved than just sending off some money and watching a little come back….ya dig? I wanna be an entrepreneur, and this is just my idea to go as close to non-profit as possible….am I making any sense?
I predicted you’d respond in that manner. I’m pickin’ up what you’re laying down. However, there are several types of bonds. Municipal bonds, for example, are used to better the United States of America structurally (streets, schools, etc.). Corporate bonds create more jobs for our people, who are experiencing one hell of an unemployment rate since our almighty leader came into presidency. I get it, you’d rather help out people in countries other than your own.
whoa. which anonymous is this? interesting theory. but incorrect. I don’t think borders should matter. If you need a $500 loan and you’ll pay me back, I don’t give a flying fuck where you live or which language you speak. please don’t try to motivate me with patriotism, fearless follower. imagine all the people…
I was simply displaying that your initial notion about bonds was incorrect. Contrary to the instinctual beliefs of some, bonds and micro financing parallel each other. Bonds just have a higher ROI and primarily concern people within our borders. As Bazarov mentioned, you could be a slumlord….OR you could be partially responsible for the construction of a national school of excellence or a fortune 500 company that is destined to employ thousands nationwide. I’m sure we all know somebody who needs a job. Just a thought. Both are equally near non-profit…..By the way, I could use a loan. ;)– THE Anonymous lol
er…I’m so confused. I didn’t mean to imply that I know jack squat about bonds….or anything else in the financial arena. That’s what my financial advisors are for. I’d just like to pull a significant chunk away from what they make commissions on and put it to ‘better’ use. Without bankrupting myself, hopefully, but it wouldn’t be the first time, either!I know lots of people that need jobs, but less that would actually like to work! I’m reminded of a video of a line of cars filing into and out of the parking lot for the Unemployment Office, while a farmer stands next to the entrance holding a sign that says “I HAVE A JOB FOR YOU!” It’s actually more profitable to take unemployment if you can get it, rather than have to take a low-wage job to make ends meet. That’s wrong.
Ah, my friend, you don’t need a financial advisor to purchase a bond. Just walk into your local bank. Financial advisors disperse funds into a combination of places they deem the most profitable. Just want you to agree that a microloan, in essence, is like an outsourced bond.
okay, if you want me to agree, I’ll agree. what I’m saying is, there’s no way in hell walking into a bank and buying a bond is anywhere near as empowering to anybody (me, the people whose jobs are created, or the thousands of beaurocrats that make sure it disperses into nothing of meaning) as a small microloan to a specific person in need would be. I want to feel ownership of my good deed, not let someone else manage it for me.my financial advisors are working stooges just like me….they have no more control over the stock & bond markets than I do over the horrific living conditions I’d like to help remedy. It’s all about control, I’m just a very specific yet very sloppy control freak.
Not Undecided 
Since when has lending money become a cause noble enough to earn the Nobel Peace Prize? Donating money seems to be a much more dignified action. How does an interested independent lender, such as myself, get involved I wonder.
okay, this is what I’m thinking…I’ve got some cash left over from college, my sister’s dying to find a job at a non-profit, but they all hardly pay enough to live on. so…let’s start a teeny-tiny investment/microloan company! Not quite as altruistic as a non-profit, but still doing lotsa good and maybe even making us some money, too. I hear the returns are excellent, because the borrowers are mostly women who’d give anything to get their families a fighting chance financially, so they don’t even consider NOT repaying the loans….I just need a “For Dummies” book on how to get started!
It always starts out innocuously enough but before you know it you’ll be a slum lord. I remember when they announced the winner of the prize and I had never heard about it before. It seemed he was able to cut out a lot of the middle men in the community and the women were actually able to turn a profit from their works after having gotten the loans. I never would’ve thought of it, but if it works I guess it’s a good thing.
You know, I am in the hunt for a new job. Perfect timing! I can throw in the $20 I’m about to win from the not-smoking bet. =D I shall find the dummy book via the internet….to the reception desk!
I think I’d rather eat pickles than be a slum lord…but you’re right. power corrupts. I think I could count on you peeps to keep me grounded! seriously…we can start with a budget of less than a grand..let’s do it! I don’t care if we don’t make much money, I just wanna DO SOMETHING!!
I found an international micro finance institution that represents private investors. There are several funds offered, each of which, epitomizes different areas globally and aspirations. However, the minimum promissory note amount is $2,000. ROI is only 1.625% for an 18 month period. That’s like $33. There is a detailed table on Accion International’s website. Bonds seem like a superior choice.
wtf? we’re not on the same page, here…I’m not trying to get rich, quick or otherwise. $2K’s not out of reach, but I’d like to be more involved than just sending off some money and watching a little come back….ya dig? I wanna be an entrepreneur, and this is just my idea to go as close to non-profit as possible….am I making any sense?
I predicted you’d respond in that manner. I’m pickin’ up what you’re laying down. However, there are several types of bonds. Municipal bonds, for example, are used to better the United States of America structurally (streets, schools, etc.). Corporate bonds create more jobs for our people, who are experiencing one hell of an unemployment rate since our almighty leader came into presidency. I get it, you’d rather help out people in countries other than your own.
whoa. which anonymous is this? interesting theory. but incorrect. I don’t think borders should matter. If you need a $500 loan and you’ll pay me back, I don’t give a flying fuck where you live or which language you speak. please don’t try to motivate me with patriotism, fearless follower. imagine all the people…
I was simply displaying that your initial notion about bonds was incorrect. Contrary to the instinctual beliefs of some, bonds and micro financing parallel each other. Bonds just have a higher ROI and primarily concern people within our borders. As Bazarov mentioned, you could be a slumlord….OR you could be partially responsible for the construction of a national school of excellence or a fortune 500 company that is destined to employ thousands nationwide. I’m sure we all know somebody who needs a job. Just a thought. Both are equally near non-profit…..By the way, I could use a loan. ;)– THE Anonymous lol
er…I’m so confused. I didn’t mean to imply that I know jack squat about bonds….or anything else in the financial arena. That’s what my financial advisors are for. I’d just like to pull a significant chunk away from what they make commissions on and put it to ‘better’ use. Without bankrupting myself, hopefully, but it wouldn’t be the first time, either!I know lots of people that need jobs, but less that would actually like to work! I’m reminded of a video of a line of cars filing into and out of the parking lot for the Unemployment Office, while a farmer stands next to the entrance holding a sign that says “I HAVE A JOB FOR YOU!” It’s actually more profitable to take unemployment if you can get it, rather than have to take a low-wage job to make ends meet. That’s wrong.
Ah, my friend, you don’t need a financial advisor to purchase a bond. Just walk into your local bank. Financial advisors disperse funds into a combination of places they deem the most profitable. Just want you to agree that a microloan, in essence, is like an outsourced bond.
okay, if you want me to agree, I’ll agree. what I’m saying is, there’s no way in hell walking into a bank and buying a bond is anywhere near as empowering to anybody (me, the people whose jobs are created, or the thousands of beaurocrats that make sure it disperses into nothing of meaning) as a small microloan to a specific person in need would be. I want to feel ownership of my good deed, not let someone else manage it for me.my financial advisors are working stooges just like me….they have no more control over the stock & bond markets than I do over the horrific living conditions I’d like to help remedy. It’s all about control, I’m just a very specific yet very sloppy control freak.
Okay, there’s a valid reason (the empowering, specific person thing) for wanting to invest in microloans as opposed to bonds. GO BUCKS!