Wow. I hope Prosper.com takes off. I think it will depend on the ability of the groups to enforce repayment and keep delinquencies down.
For more on microcredit, which is essentially what Prosper.com is, check out Wikipedia and this article by The Economist on Microcredit and Disasters.
I wonder what banks think of this? Via mnot.
Posted by moore at February 16, 2006 11:07 AM