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Registered
Join Date: Apr 2006
Location: Austin
Posts: 1,631
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Anyone here lend through Kiva?
I am a big damn supporter of micro-finance and really believe that the more money people have, the better fed they are and less likely to be persuaded by radical groups.
Take a look--you get paid back and can use the $ to re-lend or withdraw. Kiva - Loans that change lives PS. I have no ownership stake in kiva. Just like the idea
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Warren Hall (Early S Man), 1950 - 2008 ------------------------------------ 2006 Tri D675 Scorched Yellow 2006 Ducati Sport Classic mono SOLD 1979 SCWDP #0020 Talbot Yellow SOLD |
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10-08-2009, 05:49 PM
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I did it a couple of years ago. I helped fund a lady from Bulgaria who wanted to start a clothing store, and needed to buy a car. It was a great experience, she paid me (and the other investors) back within 8 months..well ahead of schedule.
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-mike |
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10-08-2009, 06:13 PM
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Join Date: Jun 2007
Location: Lake Oswego, OR
Posts: 6,250
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Yep.
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10-08-2009, 07:34 PM
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Stay away from my Member
Join Date: Aug 1999
Location: Agoura, CA
Posts: 5,773
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Yep, I've been relending the same small pot of cash for quite some time. Interesting concept and I hope it's truly helping some people.
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10-09-2009, 12:29 AM
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Takin' hard left turns
Join Date: Dec 2004
Location: So Cal
Posts: 1,412
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Just lent $25 to Shade Olaleye, who sells plastic bowls & baskets in Lagos. She still needs $275 - anyone else care to give her a hand?
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10-09-2009, 01:34 PM
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Registered
Join Date: Jan 2005
Location: Minneapolis
Posts: 7,482
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I lent $100 to Ramik Altut, a fisherman in Somalia, to upgrade the guns on his boat.
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10-09-2009, 01:37 PM
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Run smooth, run fast
Join Date: Aug 2008
Location: South Carolina
Posts: 13,450
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Quote:
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- John "We had a band powerful enough to turn goat piss into gasoline." |
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10-09-2009, 01:41 PM
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Registered
Join Date: Apr 2006
Location: Austin
Posts: 1,631
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Quote:
I concentrate all my lending in the Middle East. My hope is that when the crazy dudes try to tell them how evil we americans are, they will at least think for a moment. And I saw how quickly things turned around in Mogadishu in my unit once we helped them rebuild their schools and homes.
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Warren Hall (Early S Man), 1950 - 2008 ------------------------------------ 2006 Tri D675 Scorched Yellow 2006 Ducati Sport Classic mono SOLD 1979 SCWDP #0020 Talbot Yellow SOLD |
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10-09-2009, 03:51 PM
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Feelin' Solexy
Join Date: Oct 2003
Location: WA
Posts: 3,805
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Very cool concept!
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Grant In the stable: 1938 Buick Special model 41, 1963 Solex 2200, 1973 Vespa Primavera 125, 1974 Vespa Rally 200, 1986 VW Vanagon Syncro Westfalia, 1989 VW Doka Tristar, 1995 Toyota Land Cruiser, 2011 Pursuit 315 OS, 2022 Tesla Y Gone but not forgotten: 1973 VW Beetle, 1989 Porsche 944, 2008 R56 Mini Cooper S |
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10-09-2009, 04:44 PM
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Registered
Join Date: Apr 2006
Location: Los Angeles
Posts: 411
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Quote:
Here's how Kiva.org works I've been doing it for a while and it's definitely helping people. |
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10-09-2009, 10:59 PM
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Registered
Join Date: Apr 2006
Location: Austin
Posts: 1,631
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We can set up a Pelican group and lend in that name. Easy to do--I set one up for my family in the name of my grandmother, who was remarkably open-minded and giving for someone of her era.
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Warren Hall (Early S Man), 1950 - 2008 ------------------------------------ 2006 Tri D675 Scorched Yellow 2006 Ducati Sport Classic mono SOLD 1979 SCWDP #0020 Talbot Yellow SOLD |
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10-10-2009, 06:21 AM
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Do you receive interest on Kiva, or is it a lend $1, get repaid $1 thing?
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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10-10-2009, 05:07 PM
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no interest
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-mike |
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10-10-2009, 06:37 PM
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Takin' hard left turns
Join Date: Dec 2004
Location: So Cal
Posts: 1,412
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Quote:
The way I read it, the lending partners that Kiva funds are assigned a risk rating. Those with 5 stars are the least risky while those with 1 are riskiest. The people that meet their criteria are put forward for sponsorship. I figure if the folks out there looking to better their lives have been vetted, then I'm going to try to help. The upside is they can pull themselves up, and the downside is I might lose $25. Pretty good risk/reward in my book. |
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10-12-2009, 09:32 AM
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Takin' hard left turns
Join Date: Dec 2004
Location: So Cal
Posts: 1,412
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I've spent five weeks in Port Harcourt and a day in Lagos. Anybody trying to improve their situation there by expanding a legitimate business, not matter how humble, gets my support. |
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10-12-2009, 09:39 AM
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Registered
Join Date: Apr 2006
Location: Austin
Posts: 1,631
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I've been lending since April of this year and have attached a summary of the loans.
The delinquency stat moves around a lot, sometimes under 5%, sometimes 20%, but so far no defaults. You're notified when people have paid you back and you can re-lend or withdraw. Jack 
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Warren Hall (Early S Man), 1950 - 2008 ------------------------------------ 2006 Tri D675 Scorched Yellow 2006 Ducati Sport Classic mono SOLD 1979 SCWDP #0020 Talbot Yellow SOLD |
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10-12-2009, 09:58 AM
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Friend of Warren
Join Date: Oct 2000
Location: Lincoln, NE
Posts: 16,537
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That is so cool. I showed this to my wife and we joined up and are now loaning money.
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Kurt V No more Porsches, but a revolving number of motorcycles. |
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10-12-2009, 01:58 PM
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1989 Porsche 911 Carrera 3.2
