Tim Bouma on Nostr: The rent-seeking and fees are outrageous for the less fortunate in the long tail of ...

The rent-seeking and fees are outrageous for the less fortunate in the long tail of the economy. Fast, cheap and finalized micropayments will be a major uplift for everyone.

#fedimint #cashu

quoting note1s8c…fgfx

25%—that’s the typical interest rate for microcredits in Togo. With a 1% rate, low fees, and community-based borrowing, the Kisaw project isn’t just achieving 90% repayment—it’s helping farmers truly thrive.

Kisaw is pooling resources and using Bitcoin to purchase vital supplies like seeds and fertilizer directly from wholesalers. And because their funds are held in Stable Balance, volatility is minimized, ensuring they’re ready when they’re needed.

This isn’t just a story about interest rates—it’s a story about how #bitcoin brings opportunity to people.