Return of Principal Only

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Jenny Kassan of SELC:


"If a company promises to return nothing more than the original investment amount without any additional dividend, interest, or appreciation in value, the instrument being offered is probably not a security. This is how Kiva, the popular microfinance web site, avoids having to comply with securities laws. (http://www.shareable.net/blog/shared-financing-of-community-based-businesses)


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