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dnlll

1 karma · joined July 15, 2021

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dnlll··on Show HN: Pay It Forward – P2P Crowdfunding for African Entrepreneurs
Thank you for the clear and quick response. The aggregator is a nice overview.
dnlll··on Show HN: Pay It Forward – P2P Crowdfunding for African Entrepreneurs
Cool project! Will definitely 'invest' some money.

However, are the repayments by the entrepreneurs also required to pay the 5% service fee? This new pay it forward models seems mostly to be a way to keep all the money in the system and slowly make it yours via the 5% fee. I don't see what the benefit of this model is towards the lender. Or am I misunderstanding it?