Actually, what you're describing sounds more like Kiva. I've used them to make dozens of microloans. Except, while the institutions making the microloans charge exorbitant interest (to offset the high number of defaults), Kiva doesn't give us interest. You give $25 to help crowdfund, and if all goes well you get $25 back.
no subject
But how do I find and vet people?
Actually, what you're describing sounds more like Kiva. I've used them to make dozens of microloans. Except, while the institutions making the microloans charge exorbitant interest (to offset the high number of defaults), Kiva doesn't give us interest. You give $25 to help crowdfund, and if all goes well you get $25 back.