idu - a Mirco-Credit loan product idea to provide Health Insurance globally to 3rd world.

 Mirco-credit Product ==  Lend4Health

Regrading Lend4health, a few qns and ideas:

1. why cant the kids get heath insurance and then the donors will loan for the insurance instead of the expensive doctor visits or procedures?

 

2. To really make this into a viral  product like Kiva or Microplace, more due diligence on the return of capital can be enhanced not just with the promissory note of the parent, but also guaranteed by any income check and monthly deduction from the parent employer. Much like paying mthly taxes.   I  m sure  this can be coordinated and structured with the employer.

 

And for parents with no income, the Life insurance product comes into play. The Donor will finance the child or parent life insurance policy in addition to the laon requested, so to become a benefactor when either one become deceased or until the loan is repaid.  Some very creative financial structuring can be done here to make this truly viable and viral.

There is a slight moral issue with this but it is nothing new and done  thousand of times over in the Aids  and cancer patient insurance industry.

 

-          3rd part insurer, gurantor

-          famlily, relatives friends

-          future job income stream

-          current asset as collateral

-          life insurer product

-          mentor assigned to passion and family to help payback

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