I have heard about Micro-lending i.e. lending small amounts of money to individuals. There are several online platforms that allow you to lend money to people/small business around the world. You get the benefit of not only helping people in need but also make better interest than letting your money sit in the bank.
I will be writing a series of blog post about my journey in Microlending, as a lender. I did a quick random survey and found out that LendingClub.com will be a good option to try it.
So I signed up with them and invested $500.00 in the beginning and then I will be seeding it with $25 every other week. I will post about my experience on this blog.
So far I have contributed $525.00
Have you invested in Lending Club or any other microlending site? Share your thoughts.