I'm very, very happy to note that, not only was Michael Z's $500 loan funded in 11 hours, but also that $150 of it was re-loaned after being paid back from Joshua's loan. In other words, for example:
Renee ---$25---> Joshua ---$25---> Renee ---$25---> Michael Z.
(I know it should be more of a circular or spiral graphic, but all I can do here quickly is the linear!)
Are you beginning to see the power of this whole thing (if you hadn't already)? Renee has let go of $25. It came back to her and she let it go again. ONE $25 investment has played a role in TWO families' lives.
This is not a new concept. It was borrowed from Kiva.org and put to a new use. I've heard that Kiva.org does $1 million of loans every 7-10 days. And they're only 3 years old. Lend4Health is now about 6 months old. Imagine the possibilities if $1 million were flowing through Lend4Health (and back again) every 7-10 days.
That is what we are building here. Come join us! I think you'll like it! :)
2008-12-23
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