-- Posted Monday, 23 July 2012 | | Disqus
My local bank in Colorado is literally offering to pay me no interest --just an offensive 0.05% annually, before taxes. The interest rate triples to 0.15% when the balance exceeds $50,000.
Absolutely no incentive when one considers the risks the bank imposes on your capital, retaining only pennies on the dollar of your money, then leveraging your capital -- fractional banking. How can I be interested in a 0% savings rate deposited at a relatively risky institution while supporting the fractional banking system?
While I do keep a small percentage diversified outside of gold and silver in dollars, I have found better ways to not only keep my money out of the bank but to help others at the same time.
Run Your Own Bank – Become a Micro-Lender
Why not become a micro-lender and help others?
Micro-lending is the opportunity to lend small loans to impoverished borrowers who typically would otherwise not have access to capital. The microcredit concept is “designed not only to support entrepreneurship and alleviate poverty, but also in many cases empower and uplift entire communities.”
Leveraging the internet and a worldwide network of microfinance institutions, you can now lend as little as $25 to others (see example $825 loan below). These micro-loans provide an opportunity to help build and create wealth for those where it was not possible before.
$25,755 Lent | 966 Loans -- Join Team GoldSeek.com & SilverSeek.com!
At Kiva.org, you can loan your money to a global network of entrepreneurs looking for short-term 
capital. You can see and review (see sample loan below) who you lend to. Starting with just $25 at a time!
Since 2005, Kiva has lent over $335 MILLION in loans with a 98.98% repayment rate. Average loan size is $396.76 and there are over 1.2 MILLION Kiva lenders.
My personal repayment rate over the past several years has been 99.47% with a 0% exchange rate loss.
Kiva Team GoldSeek.com and SilverSeek.com has made a huge impact already with $25,775 from 966 loans. Please look at the charts below for some more team impact statistics.
What do you have to gain? Just try one $25 loan!
Take your money out of the bank and help create wealth and prosperity for those who really need help. You can positively impact the lives of many while taking on minimal risks.
I see no reason to keep savings in a bank paying you virtually 0% when the same 0% loan could instead go and help many others.
Please join our team right now at Kiva to help give thousands more the opportunity to help themselves improve their lives and the lives around them!
Look forward to seeing you there,
- Peter Spina, President GoldSeek.com & SilverSeek.com
TEAM STATISTICS – GOLDSEEK.com and SILVERSEEK.com
Team GoldSeek.com and SilverSeek.com has loaned to a variety of sectors with a heavy focus on manufacturing:
Team GoldSeek.com and SilverSeek.com has loaned to huge variety of countries around the world. Our #1 country is Kenya with over $2,000 lent:
We invite you to join Kiva and be part of team GoldSeek.com & SilverSeek.com.
-- We loan because: This will help to build and create wealth for those who have the initiative to do so.
Help us reach our 2012 goal of $15,000, which is 69% complete!
With 19 team members team GoldSeek.com & SilverSeek.com is making a huge impact on hundreds of lives. Join our team and grow our impact to tens of thousands of people around the world.
Example Loan: $825 | $25 min. | 14 Months
Better Places to Keep Your Money than the Bank
