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Gassner's picture

Peer to Peer in Banking & Development

Recently I came across the website www.kiva.org - which happened to be an Internet based charity. What they do? They connect those people who need a microfinance with those small scale donors previously not accessible. It brings together people willing to lend a 25 $ with those who need a 500 $ for a cow, and syndicates it with different lenders globally. A fascinating technology, showing where you contribute and could make difference.

My belief is, that this peer to peer concept using institutional infrastructure for distribution but relying on a high number of small donors, has a great future. People have confidence to make a difference.

Have a look and think about, how this platform could be used in other ways as well!

Once more: www.kiva.org

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Denmark: Islamic Mortgages

Three local banks in the Jutland region of Denmark have agreed to offer mortgage loans that comply with Islamic laws.
The bank owns the property until the terms of the lease, typically a 30-year agreement, are completed. The three banks -- Sparekassen Farsø, Sparekassen Vendsyssel and Sparekassen Hobro -- with cooperation of a fourth -- Den Jyske Sparekasse -- created a company to handle the new Amanah Kredit mortgages. Niels Mogaard, director of Amanah, said the arrangements were already in use, especially in the city of Aalborg, the Copenhagen Post reported.

source: http://www.upi.com/NewsTrack/Business/2008/03/12/danish_banks_to_comply_...

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