skylar

Since we opened up the product last May, we've learned a ton and simplified the experience around you, your money, and people you trust. This takes into account a lot of the feedback that folks like @shawnborsky have brought up. There was a lot going on in those early iterations. We'd love to hear what folks think of the new launch...

@rrhoover Well, the best way to understand it is to join a puddle. ;) You don't need to borrow to be a member. For anyone with a project that needs money, it's the fastest and cheapest way to get it. Freelancers, makers, and entrepreneurs are all examples of people who come to Puddle every day with and understanding of the power of cheap short-term capital. Many folks in the US use credit...

@GeoffreyWeg There are no easy answers to abuse and non-repayment. We've learned this lesson through @kiva. Trust at Puddle starts with 3 basic elements: 1) identity verification 2) social pressure connected to that identity 3) you have to deposit funds before you can borrow

@choosenick that's a great story! Thanks for sharing. We'd love to hear your thoughts on the Puddle model (which is much more liquid than a traditional ROSCA).