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by notfromhere
2390 days ago
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at least in the US, micro-borrowing didn't take off because its already easy to get credit. What is concerning is that micro-lending for e-commerce is taking off with services like affirm, which looks like a dangerous economic signal when people are using it to finance purchases under $100 dollars. basically any major boost in micro-lending in the US would be a warning and not anything to celebrate. |
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Literally all of the warning lights are blinking (due to intentional neglect and corruption across the board), but the micro-lending bastion is safe for now.
Username checks out...