Today we take a look at bitbond.com.
Yesterday, we had a comment from @ebargins which prompted today's review.
In short, the answer is they are very different.
Kiva.com is for "do good'ers" whereas bitbond.com is for investors.
On bitbond one lends to get a return on investment.
They have a 1.43 length intro video.
The site has some cool stats and visualizations
As BTC has grown in value so has their cumulative loan value
Most of their loans go to working capital, which were I am from is very difficult to get a loan for.
Most loans are to the developed world and 12 month seems to be the most common term.
So far I see only one challenge for the borrower.
What if one borrows $1000 when bitcoin is at $1000 and then has to pay back the loan a year later when BTC is at $4000?
I plan to look at the loan structures a bit more and see what I can find regarding this conundrum tomorrow.
all images are screengrabs from bitbond.com