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iPhone App has been Completed

 
 
iPhone App Software Developer Justin Hawkwood has uploaded his Micro-Loan Calculator for public consumption by philanthropist.org followers! Get them while they are hot! $.99 per download, free to all workerteers (or others who write-in with a pro-bono request) while supplies last. Search the App Store for "micro loan" on your iPhone. The Micro-Finance Calulator is a handy-dandy tool for our "workerteers" while working in the field. JOIN US for our next profiling trip where *YOU* can be the one taking loan applications and using the calculator to help guide our clients through the micro-loan application process. Break free of your computer screen!

In the past trip workerteers had to navigate difficult conversations with applicants who had non-standard loans with daily, weekly, and Bi-Weekly payment structures. Access to capital is very limited for small business owners, but, when available, terms were non-standardized...individuals had to travel to the money lender every day or week, often at great physical and financial burden. Money Lenders and Loan Sharks would often charge Interest Rates of over 800% APR, in some places, daily interest, would compound to the equivalent of a 1500% APR loan!
iPhone App
 
January - 2010
 
 
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