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KIVA Worldwide Micro-Loans: Another Way to Help Folks Out

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KIVA Worldwide Micro-Loans: Another Way to Help Folks Out

Postby jdsmith » 10 Dec 2007, 11:45

I do this. You can too.

Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you've sponsored. As loans are repaid, you get your loan money back.


http://www.kiva.org/about
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Postby KenTaiwan98 » 14 Dec 2007, 15:21

Yep, I've been using Kiva for small amounts for about a year... .It's great.

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Postby sjcma » 14 Dec 2007, 23:29

Thanks for posting this. I just made my first loan.
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Postby jdsmith » 15 Dec 2007, 08:05

sjcma wrote:Thanks for posting this. I just made my first loan.

Good for you!

I can't wait until the guy I loaned to gets his shiny new sheep!
Yep, I've been using Kiva for small amounts for about a year... .It's great.

How did you find out about KIva, Ken?

I'm reading Clinton's book Giving, but I had seen news stories about micro-lending a few years ago.
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Postby jdsmith » 27 Dec 2007, 07:58

Deep pockets aren't required

But deep pockets aren't a prerequisite for making a difference in creative ways. Reese, the Kiva lender, makes most of her loans in $25 amounts. She seeks out business people in Iraq and Afghanistan, countries where she says ordinary lives "are completely changed in part because of our military." She doesn't lend to sellers of cosmetics or dog meat in any country. And she's getting paid back: Only two of her 782 debtors had fallen behind on payments as of mid-December. Most likely, she says, she'll reinvest through Kiva as the loans get paid off.

"These people," she says of Kiva borrowers, "need the money more than we do."

Good write up on KIVA and some other neo-lending facilities.

http://www.csmonitor.com/2007/1224/p13s04-wmgn.html
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Postby bobl » 04 Jan 2008, 23:23

JD, thanks for the info.
I am now a multi-national conglomerate!

My portfolio includes the following sectors:
Transportation: Taxi - Azerbaijan
Food Production: Street Stand- Ecuador
Transportation: Auto Repair - Ecuador
Agribusiness: Dairy - Azerbaijan
Retail: Entertainment - Azerbaijan
Agribusiness: Goats - Azerbaijan
Agribusiness: Rice - Indonesia

:wink:
Seriously though, I think this great.
Hope it expands to other areas.
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Postby jdsmith » 05 Jan 2008, 07:40

bobl wrote:JD, thanks for the info.
I am now a multi-national conglomerate!

My portfolio includes the following sectors:
Transportation: Taxi - Azerbaijan
Food Production: Street Stand- Ecuador
Transportation: Auto Repair - Ecuador
Agribusiness: Dairy - Azerbaijan
Retail: Entertainment - Azerbaijan
Agribusiness: Goats - Azerbaijan
Agribusiness: Rice - Indonesia

:wink:
Seriously though, I think this great.
Hope it expands to other areas.


I'm glad to hear it bob!

jdspreadsthewealth!
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Re: KIVA Worldwide Micro-Loans: Another Way to Help Folks Out

Postby jdsmith » 23 Mar 2012, 10:54

I just made my 9th KIVA loan to some woman who wants some sheep.

She gets sheep. I get a bit happier. Good deal. :thumbsup:

Stop talking and do something. :thumbsup:
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Re: KIVA Worldwide Micro-Loans: Another Way to Help Folks Out

Postby bababa » 23 Mar 2012, 18:38

When you lend someone money through KIVA, do you just get the amount you lent when they pay the loan back, or do you make some interest?
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Re: KIVA Worldwide Micro-Loans: Another Way to Help Folks Out

Postby jdsmith » 23 Mar 2012, 18:59

bababa wrote:When you lend someone money through KIVA, do you just get the amount you lent when they pay the loan back, or do you make some interest?

You get nothing but your money back. No interest. I've had one loan that wasn't repaid in full. That money is gone. The one that wasn't a farmer. :aiyo:
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