Domain Manage

Kiva lending

Discussion in 'General Board' started by aZooZa, Feb 23, 2009.

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  1. aZooZa

    aZooZa Well-Known Member Exclusive Member

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    Just been on to Kiva to lend some funds I had been repaid, only to find just ONE funding request on the whole site! I know a few of you on here do the Kiva thing, but I was astounded to find only one proposition. Kiva and their field partners seems to be doing a good job -- no defaults on repayments to me as yet, not that it would break me.

    Check it out: Kiva - Loans that change lives
     
  2. Domain Forum

    Acorn Domains Elite Member

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  3. rob

    rob Founding Member

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    in weird place so hard to type. Set up domaineraid.co.uk a while ago but still waiting on kiva to sort the group software to lock withdrawals. Thus not live :)
     
  4. aZooZa

    aZooZa Well-Known Member Exclusive Member

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    Nice one Rob! Most excellent. Keep me up-to-date on that!
     
  5. retired_member4

    retired_member4 Banned

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    Aye, I lend on kiva too, never had any defaulted loans there.

    I also lend on Zopa, which is for profit. Had a few defaulters there :)
     
  6. domainking

    domainking Active Member

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    Thanks guys for letting me know about this group

    What a fantastic project and well worth the cause.
    Kiva looks like a great chance to help other local commerce people out in poor locations.
     
  7. aZooZa

    aZooZa Well-Known Member Exclusive Member

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    Put any recoverables back into Kiva :)
     
  8. disruptive

    disruptive Well-Known Member

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    At Kiva,

    There is so much money chasing few entrepreneurs. The site is annoying as it caches and one often thinks I can fund and when I click...cannot. Pain!

    Hopefully more loans will be on soon!
     
  9. retired_member6

    retired_member6 Banned

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    Why sponsor kiva? tax purposes, decent geezer or both?
     
  10. GreyWing

    GreyWing Retired Member

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    As far as I know Lee it's one of those that is a genuine good cause, not one like the Red Cross etc where some plonk is pocketing £200,000 a year to run it :rolleyes:

    Plus it gives some people a good chance to make a business in the third world where they would have no chance of raising any cash for machines.

    I'd treat it as a very good cause and if you get something back then happy days, but the money can make a huge huge difference to people.
     
  11. disruptive

    disruptive Well-Known Member

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    Quite right! Its basically helping directly! You can see who you are directly helping and see what the recipient is going to do with the money. They all have a plan and are trying to hard to help themselves unlike a lot of wasters that we support in this country!
     
  12. aZooZa

    aZooZa Well-Known Member Exclusive Member

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    Indeed. I generally lend to people in countries where I have been myself and seen the abject poverty first hand. $50 in The Philippines or Indonesia goes a VERY long way and it's relatively little to share with people showing the entrepreneurial spirit, despite desperate conditions.
     
  13. retired_member32

    retired_member32 Retired Member

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    it's funny you mentioning that,some bloke i know stated a charity shop and he paid very little in rent,no employee wages and he sold donated ex-argos gear he made a fortune because only a certain percentage has to go to charity,i am not sure of the percentage but i think it is around 20%

    what a t**t he was.
     
  14. disruptive

    disruptive Well-Known Member

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    often like the chuggers! "Charity Muggers"...

    They do it for money, whilst there are those who give their time and energy for free to pay for these annoying people. If you look into the actual amounts of money that charities get and then give to end users...you might be very very shocked.

    I often wonder if the best way to make money is to start a charity. My morals get in the way....but it seems not to stop others.
     
  15. domainking

    domainking Active Member

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    I like the idea where you see the person you are helping.
    It makes it all worth while.

    So do you sprend the amouts of give one big loan
     
  16. disruptive

    disruptive Well-Known Member

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    I have loaned up to $XXX per loanee. But usually I spread it far and wide. Bit like Zopa better to spread to risk, but I have never had a single default! Prob more fun to spread it. But I like to make the difference between where they are and what they need.
     
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