IBB Business Model

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Topic: IBB Business Model (Read 592 times)

CliffordM (OP)

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IBB Business Model

September 25, 2011, 09:02:48 PM

The IBB business model seems incredibly generous -- but what is in it for them? Surely not everyone pays back their loans, and as they are charging a zero rate, then it would seem they cannot make money ?

I do like the idea of altruistic finance -- the world needs more people like this -- If I understood a little more, I might be able to help ...

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ovidiusoft

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Re: IBB Business Model

September 27, 2011, 02:46:48 PM

They accept "gratuity" from happy customers (these are not imposed in any way, you give how much you fell like). As long as these gratuities are more than the defaulted loans, they won't lose money.

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