February 2009
With banks increasingly refusing loans, German citizens are taking lending into their own hands. Online citizens bank Smava allows ordinary people to invest their savings into causes theyd like to support.
The fantastic thing about Smava is that the people themselves choose, claims founder Alexander Artopé. Smava allows anyone to request a loan for any reason. Investors then get to choose who they lend to. René Müller has invested in many small projects and is enjoying the benefits of investing: for investors it is especially beneficial, we receive the returns on investments, which would normally go to the banks.
Duration : 0:7:0
