The Hispanic vote is going to be very key in the election.
More Quotes from Chris Larsen:
There are likely to be people who bid on certain loans because they want to support people they care about and can relate to. For example, a successful entrepreneur may remember the trials and tribulations of getting a loan to start her first business, and be instantly drawn to borrowers who are budding entrepreneurs.Chris Larsen
Until now, financial institutions have controlled who is able to obtain credit and the rates people pay. Over time, this one-sided control has bred inefficiencies and excessive margins -- leading to higher rates for borrowers, and restricting people who have money to lend from entering and generating income from this vital and lucrative market.
Chris Larsen
With the Internet world, we can have people make both sides of the (lending) market, bringing more transparency and efficiency. It can be both more capitalistically efficient and socially beneficial.
Chris Larsen
No-cost loans are pretty popular right now, especially for people with larger loans. The larger your loan, the smaller the penalty for no-cost loans.
Chris Larsen
Some people would say we're being overly-conservative. But I say we're being realistic for our first year planning.
Chris Larsen
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