Steemit Loan Activated as Another Example Model Use Case Idea

We have successfully started carrying out the process of a loan for steem with 93.613 SBD more open to contributors to earn interest if interested.

Receive 1508.000 SBD from quinneaker For loan based on virtual growth post of contract terms, current value of SBD is $0.91215 as base USD value of laon

1508 SBD @ $0.91215 = $1375.5222

Transfer 1508.000 SBD to blocktrades eafd2d8e-1258-458a-abf7-a9520deeac1d

Transfer 0.001 SBD to virtualgrowth quinneaker loan sent to @mrwang's blocktrades address by virtualgrowth

Remainder sent by @virtualgrowth to top of @mrwang's loan request of $1,500

Transfer 135.835 SBD to blocktrades eafd2d8e-1258-458a-abf7-a9520deeac1d

Loan contributionss of 1508 + 135.835 = 1643.835 SBD ($1500)

1508.000 SBD from @quinneaker
Receive 20.000 SBD from patelincho loan for @mrwang
Receive 10.000 SBD from reedracer for @MRWANG truck needs
Receive 10.000 SBD from mattclarke Loan to @mrwang
Receive 2.222 SBD from holoz0r loan for @mrwang
===================
42.222 SBD
+93.613 SBD contributed by @virtualgrowth
=======
135.835

Anyone may contribute to the loan up to the amount contributed by @virtualgrowth by sending SBD to @virtualgrowth including loan for @mrwang in the memo.

Contributors will receive partial payments as auther rewards are earned by @mrwang's account until the loan is repaid. These payments will be paid 50% in SBD and 50% in STEEM.

Total pay back will be 779.703 SBD & 625 STEEM as stated in amedmendment to the loan:

Base loan of $1,500 to be paid back in $1,575 in STEEM would equate to $787.5 in each for 779.703 SBD & 625 STEEM

Author Rewards will be split 50/50 in SBD & STEEM at market values then distributed to loan contributors from @mrwang's by @virtualgrowth.

Open to further pursuing the idea of Steem loan if there is interest and market of such possibility to expand on this potential use.

This F-150 Needs Your Blessings... An Urgent Crowdfund Project
$1,500.00 USD Loan request by @mrwang to be managed by @virtualgrowth
Steem Loan Idea Being Explored with a loan to @mrwang managed by @virtualgrowth
Offering My Steemit Account As Collateral For A Community Loan
Steem(it) Blockchain Loan Agreement

Thank you @holoz0r, @mattclarke, @mrwang, @patelincho, @quinneaker, @reedracer


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