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Joined 5 months ago
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Cake day: June 22nd, 2024

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  • I’d like to add that there are good versions of “microloans”! I learned that there used to be (or still are, didn’t check) non-profit " banks" in some parts of India (and South africa I think) that would give out small loans of a few dollars to a few hundred dollars (which can be quite a lot of money in India). There was no collateral and low interest, but a group of people had to apply for a loan together. Until the first loan was paid back, the rest of the group couldn’t apply again. It was meant to provide financial backing and capital to microbusinesses (e.g. fishers, farmers, peddlers) that would otherwise be excluded from the financial market due to a lack of collateral and otherwise be forced to take high-interest loans.





  • Checking your comments you seem to have had a run-in with the ML-crowd. Lemmy generally has a plethora of “leftist” (if you restrict your political compass to one dimension) communities, although the variety is immense. Let’s just say there is some … unfriendly turf here on the Fediverse. Plenty of people on the German communities avoid .ml communities.

    I consider it to be the price of diversity. Due to the lack of central moderation (except on authoritarianism-loving instances), communities are much more self-regulating. On better (aka not US-politics) communities people tend to simply disagree or discuss, but rarely go beyond that.