The first round of lendees just paid off their loans, co-founder Matthew Flannery reports. A little while ago I threw a few bucks into a loan for a store in Tanzania… I’ll keep you posted as it kicks into gear.
Flannery’s blog has been really good so far; I recommend it if you’re at all interested in this kind of stuff. He is a former TiVo engineer turned microfinance portal developer! Nice.