First payments on my Babyloan loans

In December I discovered Babyloan (see blog post) – a microfinance platform like Kiva allowing individuals to lend to small entrepreneurs in developing countries.

Now the first payments by borrowers took place. Lenders are notified by Babyloan via email. Sample email:

The entrepreneur Suman has reimbursed 373,00 € to the MFI and has 2987,00 € to reimburse. You will receive an email for each reimbursement. After the last reimbursement, you can either reinvest this money or have it transferred to your bank account.

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