Social gaming meets mobile micro-lending

Social gaming meets mobile micro-lending

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Microloans are small, interest-bearing loans made to entrepreneurs in developing economies. Because they accrue interest, the capital can be lent out in perpetuity. In most regions loan default rates are lower than 2%, and notably women are particularly reliable at making repayments. Play Seeds is a new product that allows online gamers to make microfinance donations as they play.

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