Comments on: Avoid Loan Shark, Use Microfinance at Prosper.com http://kclau.com/make-money-tips/avoid-loan-shark-use-microfinance-at-prospercom/ Money tips and advices on personal financial planning - Protect, accumulate, preserve, and manage your WEALTH wisely! Wed, 07 Jan 2009 17:03:18 +0000 http://wordpress.org/?v=2.7 hourly 1 By: kclau http://kclau.com/make-money-tips/avoid-loan-shark-use-microfinance-at-prospercom/comment-page-1/#comment-665 kclau Thu, 19 Jul 2007 06:29:28 +0000 http://kclau.com/2007/07/19/avoid-loan-shark-use-microfinance-at-prospercom/#comment-665 Money Chaser, You are right! That's the problem faced here in Malaysia. We will have to wait another 10-20 years. Maybe our children generation will be able to make use of such system when they reach their adulthood Money Chaser,
You are right! That’s the problem faced here in Malaysia. We will have to wait another 10-20 years. Maybe our children generation will be able to make use of such system when they reach their adulthood

]]> By: money chaser http://kclau.com/make-money-tips/avoid-loan-shark-use-microfinance-at-prospercom/comment-page-1/#comment-662 money chaser Thu, 19 Jul 2007 02:55:43 +0000 http://kclau.com/2007/07/19/avoid-loan-shark-use-microfinance-at-prospercom/#comment-662 Prosper is nearly impossible to be implemented in Msia. The reason it managed to achieve a certain degree of success is due to several factors that are unique to the US 1. reliable, trusted, and comprehensive personal credit history system 2. widespread adoption of online banking Considering the CTOS fiasco and the limited online banking services in msia, it is a long way before a site like Prosper can open shop in Malaysia. Prosper is nearly impossible to be implemented in Msia. The reason it managed to achieve a certain degree of success is due to several factors that are unique to the US
1. reliable, trusted, and comprehensive personal credit history system
2. widespread adoption of online banking

Considering the CTOS fiasco and the limited online banking services in msia, it is a long way before a site like Prosper can open shop in Malaysia.

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