With this is the interest rate adjustable by person giving the loan? For example if someone wanted to loan someone money they could set the amount of interest they would like and when they would like the money back by. For example could be in installments or all at once and rate can be 10% or even 0% if donater feeling generous
My idea is to have the borrower set the rate, the lender can decide if it is ok or not, generally if it is charitable philanthropy the lender is ok with a low return on the loan, on the platform I use now I do not receive any interest on my loans.
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