Zero interest loans

[mrsteve1952]

I am working on a redevelopment project in a low income neighborhood in Michigan and am hoping to explore some unusual funding options. One idea is to solicit many, small dollar, zero interest loans over the internet (similar to kiva.org but with a specific purpose). Without question, having any interest rate would involve a lot of securities work, but if the loans were zero interest and there were no expectation of profit, would those loans still fall under securities law?

Thanks!