"Make Money By Loaning Money To Real People"

Are you getting a low interest rate in your bank account?  Take a chance on real, live human beings and get a better rate of return.  Yes, you could lose money.  But, what if you could start for less than $1,000 and get a return of more than 8.5%?  Or 10.5%? Or 12.5%?  For me personally, it's worth the risk.  How about you?

I have come up with a way to loan "550 Plus 50" and still get what I consider a good, or even great interest rate.

I loan $50 at zero percent - yes, you read that right!- interest and the other $550 at varying rates of interest.  When you combine all $600 you can achieve a "blended" interest rate in the range mentioned in the first paragraph.  You may decide to be more conservative and your blended rate might be around 6.5%.  Or, if you're like me you could take a higher risk and achieve a blended rate of around 18% or 20% or more.  I realize that someone could default on the loan, but that has not happened to me yet.  (To be fair, I'm pretty new at this.)

Visit Kiva.org to learn more about helping people at zero percent interest.  If you are at all skeptical about being charitable, this is a good starting point because you are loaning money and expect to receive it back instead of simply giving money to someone.  (On the other hand, if you are the type of person who likes to donate money to good causes, please don't let me or anyone else stop you.  I think that's great.  I even do some of that myself.  But, this blog is about you achieving a better interest rate by loaning money to real people.  Or if you happen to be in need of a loan, that may be possible, too.)

Click here and you will see the track record of Kiva.org loans.

Here is the profile of the first woman I loaned to at Kiva.org. Her name is Doracy and she's in Boston.  The second woman I loaned to at Kiva.org is Malia and she lives in Samoa.

I wrote an article about my experience up to this point at EzineArticles.com.

In the article I included some of my experience with Kiva.org as well as Prosper.com.  To visit Prosper.com, click here or on the title of this post.  Both sites allow you to make individual loans of $25 or more.  When you loan $25 or so to 15 or 20 people, you spread out the risk.  If someone fails to payback the loan, you can still receive principal and interest from the others.

Remember, 550 Plus 50 helps you and other people, including 2 who might not have been able to borrow money any other way.

As always, you risk is your own.  There are no guarantees.  (The "V" could land and crush Malia's farm in Samoa). I guess it's possible that in a few months you could see my posts about how not one single person paid me back and I lost my $600.  But I sincerely doubt it.