I’ve never met Imelda. The mother of three lives in Garcia-Hernandez, Philippines and owns a transportation business with her husband. Together, they own a ‘motorella’; an interesting hybrid between a taxi and a rickshaw which her husband uses to ferry locals around. She was looking for a loan of 7000 Philippine Pesos (about $175 US dollars) to buy tires, motor oil, and gasoline. Her motivations for seeking this loan should be familiar to any parent: She hopes to make a good profit out of her business so she can support her children’s needs. Her profit will be for school fees...
Read the full article: Personal Loans Online — How Peer-to-Peer Lending Is Changing the Game
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