(Obviously, there are some ridiculous loans offered away on r/borrow. In February, one individual asked for the $20 no-interest loan to fund a pizza

(Obviously, there are some ridiculous loans offered away on r/borrow. In February, one individual asked for the $20 no-interest loan to fund a pizza

that could feed him for some busy times. Given that loan had been negotiated, commenters harangued the requester for maybe perhaps not selecting more budget-friendly dishes. Nevertheless, the mortgage had been funded.)

A group that is small of lenders make a lot of the page’s loans, and sometimes make significant earnings. Kevin, a bay area computer pc pc software engineer whom asked become identified by very very first title just, claims he’s made around 400 loans totaling $100,000—he states he earns about $3,000 a month from r/borrow. Kevin said that he’s mostly with it your money can buy, but their interest that is longstanding in communities has shaped his involvement aswell. (mehr …)