I made this thread to provide an alternative to interest-based finance in the best interests of the people.(pun intended) I strongly believe that interest contributes to the misery of millions across the world.
- Charging interest is inimical to a stable economy
- Interest causes unemployment, inflation, and environmental destruction
- Interest moves money from the poor to the rich
- Interest favours projects which yield high profits in the short term
I will offer Interest-free personal loans. Anyone can apply for a interest free loan but due to an expected high demand and limited funds, I have to prioritise who this money goes to.
For the sake of transparency, I require that all loan applicants use this thread to request loans.
DO NOT request loans via PMs!Loans will be considered on a case by case basis. Applicants should post the loan amount required and state the reason for the loan. If you do not wish to publicly state the reason, you must do so privately before any loan can be issued. Loans will be paid out in
BTC and should be paid back in
BTC. Collateral is required if you cannot prove you have the ability to repay the loan.
Lending Pool: 0.03BTC[Donators]Help rebuild the foundations of fair finance and donate as this will only increase the lending pool.
This is a non-profit initiativeI made this thread to provide an alternative to interest-based finance in the best interests of the people.(pun intended) I strongly believe that interest contributes to the misery of millions across the world.
- Charging interest is inimical to a stable economy
- Interest causes unemployment, inflation, and environmental destruction
- Interest moves money from the poor to the rich
- Interest favours projects which yield high profits in the short term
I will offer Interest-free personal loans. Anyone can apply for a interest free loan but due to an expected high demand and limited funds, I have to prioritise who this money goes to.
For the sake of transparency, I require that all loan applicants use this thread to request loans.
DO NOT request loans via PMs!Loans will be considered on a case by case basis. Applicants should post the loan amount required and state the reason for the loan. If you do not wish to publicly state the reason, you must do so privately before any loan can be issued. Loans will be paid out in
BTC and should be paid back in
BTC. Collateral is required if you cannot prove you have the ability to repay the loan.
Lending Pool: 0.03BTC[Donators]Help rebuild the foundations of fair finance and donate as this will only increase the lending pool.
This is a non-profit initiativeJust wanted to know that what is meant by LENDING POOL here?
Also
PLEASE SEND ALL THE COLLATERAL TO A TRUSTED ESCROW
)
