Reagan defeated Communism so you could have microcredit

While learning about Microcredit in my Economics class, we've discussed Prosper.com -- an online marketplace for borrowers and lenders:



This is their second incarnation after a recent redesign. The idea is really interesting, but whether it will take off or not remains to be seen I guess.

I was explaining it to Kirsten this morning, and I suggested that we become eLoanSharks. There is discussion about Prosper on Clever Dude in reference to Rateladder.com. I shared an interesting analysis of a loan that Rateladder funded through Google Reader...