February 2009
With banks increasingly refusing loans, German citizens are taking lending into their own hands. Online citizens bank Smava allows ordinary people to invest their savings into causes theyd like to support.
The great thing about Smava is that the people themselves decide, claims founder Alexander Artopé. Smava allows anyone to request a loan for any reason. Investors then get to choose who they lend to. René Müller has invested in many small projects and is enjoying the benefits of investing: for investors it is especially beneficial, we receive the returns on investments, which would normally go to the banks.
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March 1st, 2010 at 9:52 am
we need to make all …
we need to make all banks citizens bank not zionist bank
March 1st, 2010 at 9:52 am
banks, particularly …
banks, particularly conventional banks are very bad for economy and sustainability
March 1st, 2010 at 9:52 am
this is little more …
this is little more than transparency. a simple concept but what is missing in government and financial institutions. secrecy is the the realm of tyrants.
March 1st, 2010 at 9:52 am
very inspiring. …
very inspiring. this is not only more economically sound but brings people together. it helps people share their dreams.
March 1st, 2010 at 9:52 am
it´s the modern way …
it´s the modern way of paying tributes to the mightier nations
March 1st, 2010 at 9:52 am
im not defending …
im not defending anyone but go look up some of the up the IMF and world bank has done. we lend money to countirs after wreaking them and then expect them to pay back money which they can only get from us at intrest. it is perpetual slavery. we did it to the south and middle americas too.
March 1st, 2010 at 9:52 am
Now they aren’t.
Now they aren’t.
March 1st, 2010 at 9:52 am
Indeed a lot want …
Indeed a lot want that our financial institution apply the Isalmic banking system, I belive its the best. But then the jews would not be able to run their New World Order Plan of enslaving every gentile. Mind you jewish among themselves are not entitled to charge more than 1/6 as interest, however to gentiles, they are compelled to charge as much as they can. We christians(good ones only) are so stupid to believe we would be treated like we tread the others with compassion and fairness.salam
March 1st, 2010 at 9:52 am
germans banks are …
germans banks are very strict to give credits to small business owners and private people who have not a perfect rating and income, this is the difference, as well if you invest you know exactly for what you invest. It´s like p2p banking instead giving all your money to the bank trusting they will do something with it that makes you richer.
March 1st, 2010 at 9:52 am
yeaaaaa aphex twin
yeaaaaa aphex twin
March 1st, 2010 at 9:52 am
What *historical* …
What *historical* and mathematical analysis are u talking about ? Do you have any GDP/unemployment number of *historical* times u are referring to? I think middle classes in US have much higher standard of living than any interest free society that ever existed, middle class Americans live a much better life compared to any king or sultan of your *historical* times. So how do you say interest free societies were better ?
March 1st, 2010 at 9:52 am
do you have any …
do you have any case to make other than calling people names and declaring how fantastic your fantasy Allah Economic system is ? Why does the supposedly all powerful Allah had to declare a *war* against his own little creations ? Why cant he just set up a Allah Fantasy Bank in every town and start lend interest free money ?
March 1st, 2010 at 9:52 am
What an ignorant …
What an ignorant comment, since actually the “Muslim” countries, i.e. their puppet governments installed by the west, are following the western/jewish system of interest, and NOT the Islamic economic system. Hence the reason for their problems. In fact if all Muslims simply payed the required zakat tax, there wouldnt be a single Muslim going hungry anywhere within the Islamic territories (including Africa)
March 1st, 2010 at 9:52 am
Brilliant.
Brilliant.
March 1st, 2010 at 9:52 am
Salaam brother
I …
Salaam brother
I agree with you. Our community is under threat from ali sina. Lets now focus on him.
March 1st, 2010 at 9:52 am
this is why muslim …
this is why muslim countries are doing so well economically!
March 1st, 2010 at 9:52 am
fuck banks, y cant …
banks, y cant we just keep our money in our homes, in a safe, without these retarted banks, there would be no financial crisis, no reccession, it worked in mediveal times, we can make it work again, we just have to cooperate
March 1st, 2010 at 9:52 am
agreed!
agreed!
March 1st, 2010 at 9:52 am
Very interesting. …
Very interesting. However without fractional reserves banking, you can’t have economic growth from these people’s banks. So the recession continues to get worse. Also, all they’re figuring out is the same lessons banks learned a long time ago, a person’s character is very important for their ability to pay back the loan.
March 1st, 2010 at 9:52 am
it was forbidden …
it was forbidden for jews to take interests from other jews, but not to take them from gentiles (non-jews), in the medieval times it was forbidden to take interests for christians and in China too.
March 1st, 2010 at 9:52 am
sorry I didnt mean …
sorry I didnt mean Jesus I meant the old testament. The usury ban appeared there speficially, but as I understand it its only against poor people to prevent keeping them from a perpetual debt spiral, but there was no ban if you are doing business with other equal parties. correct me if I am wrong.
March 1st, 2010 at 9:52 am
This kind of stupid …
This kind of stupid people bring Jesus into EVERYTHING!
March 1st, 2010 at 9:52 am
its kinda funny …
its kinda funny when people bring Jesus into this O_O
March 1st, 2010 at 9:52 am
Investment is fine …
Investment is fine as long as the lender shares the profits and the losses. But lending at interest is categorically forbidden. Any time someone does a transaction where they lend X to a borrower, and demand more than X in return, this is considered usury and is forbidden by Islamic law. Investing X in someones company with an agreement to share profits AND LOSSES is fine. Investing and demanding only profits be shared, but losses be born entirely by the borrower, is forbidden.
March 1st, 2010 at 9:52 am
It can be shown by …
It can be shown by historical and mathematical analysis, that every system based on interest, no matter how low, will always end up with the same results: accelerating wealth transfer to the allready-wealthy, concentration of wealth in the hands of the few, and an ever widening gap between rich and poor. In Islam wealth is created by investment, so that goods and services produced by people create money instead of a system where money itself creates money for those who allready have money