It's official. I'm putting together a non-profit fund that will fund student living expenses. Students will be expected to pay back into the fund when they're on their feet, and those funds will then be re-loaned to other students for 0 or very low interest. Details soon.
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Religious rules aside, I do strongly oppose it on a moral level. My feeling is that organizations often default to charging interest because of our modern day culture but there are alternatives and ways to innovate to prevent it. Ex. Kiva offers interest-free loans.
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( Not all Kiva loans are interest free but you they go out of their way to list it when they are. )
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We could probably do that
End of conversation
New conversation -
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And to be clear, I do wish you the best with this. What you're doing is really great and I don't want this discussion to distract from that. Kudos! The world needs more people like you.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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