Not really. What I get from this, it's basically just a personal loan, which you pay back with interest. It's like Kiva, but for different market.
Did you read the terms? The income is the income on your tax report. You don't have to pay anything if you earn less than $30,000 annually. If you are very successful, the maximum annual payment is 14.99% of the loan (otherwise 1-7% of your income, depending on the total amount). You always pay for 10 years. However, these terms are rather confusing and I didn't see any actual interest rates etc. on the site.
Did you read the terms? The income is the income on your tax report. You don't have to pay anything if you earn less than $30,000 annually. If you are very successful, the maximum annual payment is 14.99% of the loan (otherwise 1-7% of your income, depending on the total amount). You always pay for 10 years. However, these terms are rather confusing and I didn't see any actual interest rates etc. on the site.