Reddit microloans Looking for about 10K. . I'm working with the SBA currently but haven't applied yet. I didn't think too much about it at first but does that seem a bit high? Credit cards largely fill in the role of microloans in the US. Does anyone have any experiences they can share? What kinds of return are you seeing? Please give examples. What are you guys thoughts on lending cash? ( I am talking micro lending so like $50 - $200) Any advise. There are also some peer to peer lending platforms (like Prosper) that might fill that need. Archived post. Do you guys prefer to give loans where there is a small window to complete loan? Thanks, Kyle. Micro Loans - Anyone with (lending) experience? I saw this app called Kiva, essentially you can loan small amounts to people in need, and they pay you back (most of the time). I'm looking to get a loan for about $20,000 to take care of my part and keep seeing these SBA microloans come up. It has come to my attention that there are varying subreddits on Reddit to borrow cash and lend cash. Each loaner has a form or email template that they use for this. With the subreddit, you pick exactly the amount you want, you can work with the borrower on an interest rate or payment plan, and payments are instant. Now, you will need to provide some verification of employment or identity. I have the cash to do it without a loan but rather not use it and just finance it. Anyways, obviously this got me thinking, what about interest payments? Unfortunately, it doesn't seem as if you can make money lending to people through Kiva. Ok Guys, I am interested in looking into micro-loan lending of 1-5k. I'm looking to get a microloan for funding in my business and I don't need much. New comments cannot be posted and votes cannot be cast. I was told that interest rates will be between 8-13 percent. lawqptqcjtfqgbsfvtpifmqdtmfzmaptiknbhumycnindamtfl