Feb 18, 2009
Great use of Technology: Lending Money
P2P is now taking on a new meaning. Taking advantage of the Peer 2 Peer concept, Acceder.com has created a P2P loan system. Basically it is an online money lending gmach.
Acceder allows you to lend as little as $25 dollars to people in the Jewish community who are in dire need of help and are unable to qualify through normal financial resources.
By lending you are alleviating poverty and making people’s dreams and future’s come true. Each person on our website is a real case. By being self sufficient through obtaining one of our loans, the confidence and pride of each person is lifted enormously and they know they have made great strides towards economic independence and have improved life for themselves, their family, and their community .
Acceder provides each donor with an update of the applicant’s situation, showing exactly how and where they used their loan. In each case we meet each individual and film and take pictures of their story from start to finish so you can see how you have changed a life. Just log on to our Blog and see our blissful success stories.
Acceder’s mission was created to accomplish our dream of equal opportunity. As the world continuously changes lives sometimes change too and unfortunately for the worst. It is our pleasure to give each individual the opportunity to access an interest FREE loan so they don’t have to live in unacceptable situations ever again.
Tzedekah means charity but the origin of this word is actually justice. We have the religious responsibility to give and to engage in philanthropic ventures. This beautifully rewarding act applies to everyone, evena poor person can help another. Maimonides, a Jewish philosopher established 8 principles of Tzedekah, the highest is:
"The greatest level, is to support a fellow Jew by endowing him with a gift or loan, or entering into a partnership with him, or finding employment for him, in order to strengthen his hand until he need no longer be dependent upon others."
They've got lots of info as to how the system works.
You can read more about how Person to Person Lending works on the Wiki page.
I don't know if this will revolutionize the system we have of lending and borrowing money, but it looks like an interesting method, and if it is reliable and people actually pay back the loans, I can see it as a blessing.