
Microloans and Passive Income
Anyone that has ever been in debt has seen how lenders can make money. However, we often see the level of entry for a lender is far beyond our means. Never fear, microloans are here. This investment instrument allows us to step into the loan side of the equation with less than a hundred dollars. Fundamentals of Microloans This form of saving/investing involves contributing your funds to a pool of other investors. The funds are then used to provide short-term loans. Your money offers you a percentage of the overall loan and thus, a cut of the profits as well. Your money is going to be tied up in the loan until it is paid off. Therefore, this is not... Read more