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Let's micro Loan

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Author Topic:   Let's micro Loan
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 1 of 38 (443506)
12-25-2007 12:51 PM

In this season of giving, I hope you will consider joining KIVA.org.
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Kiva?
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What's that?
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KIVA is a clearing house that helps make micro loans to small business all over the world, and when I say small, I mean small.
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KIVA uses the internet to connect lenders (often as little as $25.00) and borrowers. These are loans, not gifts, the money you lend gets repaid, and you can then withdraw it or direct it to some other project. You get to pick which project or projects you want to support and follow their progress.
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To learn more about how you can help, visit Kiva.org
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Is there any risk? Sure. There is always risk but their record of repayment has been exceptional. For information on the risks, look here.
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Edited by jar, : add risk overview.
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Edited by jar, : fix heading
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Immigration has been a problem Since 1607!
Replies to this message:
 Message 7 by Modulous, posted 12-27-2007 6:20 AM jar has replied
 Message 9 by obvious Child, posted 12-31-2007 4:14 AM jar has replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 2 of 38 (443662)
12-26-2007 10:56 AM

Can any of you help?
Micro-loans are one of our best options for trying to help folk improve their lives. Can any of you good folk help with this?
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Immigration has been a problem Since 1607!
Replies to this message:
 Message 3 by CK, posted 12-26-2007 11:34 AM jar has replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 4 of 38 (443673)
12-26-2007 11:37 AM 		Reply to: Message 3 by CK
12-26-2007 11:34 AM

Re: Can any of you help?
Thank you sir.
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Now who else can step forward?
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 3 by CK, posted 12-26-2007 11:34 AM CK has not replied
Replies to this message:
 Message 5 by cavediver, posted 12-26-2007 12:14 PM jar has replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 6 of 38 (443685)
12-26-2007 12:17 PM 		Reply to: Message 5 by cavediver
12-26-2007 12:14 PM

Thank you sir
I really appreciate your help. Yup, definitely emerging, so far below the radar that it is often over looked.
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Little changes though can have big results.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 5 by cavediver, posted 12-26-2007 12:14 PM cavediver has not replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 8 of 38 (444792)
12-30-2007 9:43 PM 		Reply to: Message 7 by Modulous
12-27-2007 6:20 AM

Re: For those that want returns
Another great possibility.
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Let's see how many micro loans we can make folk.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 7 by Modulous, posted 12-27-2007 6:20 AM Modulous has not replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 11 of 38 (444882)
12-31-2007 9:52 AM 		Reply to: Message 9 by obvious Child
12-31-2007 4:14 AM

What's the percent that goes towards running the overall agency? Do they have a 990?
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None of the loan goes to Kiva.
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And I disagree that it is one of the best thing we can do for struggling nations, but that it is just one of many things we can do.
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There was a reason I said one of and we. These are things that the individual can do and of course, it is not all that can be done.
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Another of my favorites is "Playpumps International".
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The End of Poverty by Jeff Sachs explains a wide number of things that can help the developing world. But the key lesson from him is that we cannot assume a one size fits all, that we must tailor aid packages and programs to each nation to fit its needs. Shock therapy and debt forgiveness will not be the cure for Africa as it was for Poland.
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That is not a good enough reason to not try this.
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How does it deal with nations that lack the necessary infrastructure and law frameworks? Or does it simply not even try in those areas? Because without the necessary infrastructure to allow a market to function, a micro loan is rather pointless.
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So you don't make the loan in that case.
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But remember, these are person to person transactions. Even in areas without the normal legal infrastructure it may be possible to make a micro loan. As with anything else, you start small and test the waters. If it succeeds you then make more such loans.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 9 by obvious Child, posted 12-31-2007 4:14 AM obvious Child has replied
Replies to this message:
 Message 12 by obvious Child, posted 12-31-2007 5:31 PM jar has replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 13 of 38 (444981)
12-31-2007 5:37 PM 		Reply to: Message 12 by obvious Child
12-31-2007 5:31 PM

That isn't what I asked. I asked how much of the donation goes towards running Kiva. Non-profits for the most part require a certain percentage to operate. The rest goes towards the people and places they are trying to help. Some of these non-profits are better then others, such as Penny Arcade's Child's play which has a virtually unheard of 100%, and some non-profits largely exist to pay their CEOs.
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I don't know how to make it any clearer. Zero percent of the money loaned goes to Kiva. Kiva is supported by donations specifically directed to supporting Kiva and unrelated to the loan streams.
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These are loans, not donations.
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As to the rest of your post...
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whatever.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 12 by obvious Child, posted 12-31-2007 5:31 PM obvious Child has replied
Replies to this message:
 Message 14 by obvious Child, posted 12-31-2007 5:45 PM jar has replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 15 of 38 (444986)
12-31-2007 5:46 PM 		Reply to: Message 14 by obvious Child
12-31-2007 5:45 PM

It appears I have massively overestimated the economics, political, business and legal knowledge of people here.
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That's fine. Enjoy.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 14 by obvious Child, posted 12-31-2007 5:45 PM obvious Child has replied
Replies to this message:
 Message 16 by obvious Child, posted 12-31-2007 5:48 PM jar has not replied
 Message 17 by molbiogirl, posted 12-31-2007 6:17 PM jar has not replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 26 of 38 (446231)
01-05-2008 11:31 AM 		Reply to: Message 25 by Modulous
01-05-2008 6:04 AM

One key point is that ALL of the loaned money goes to the borrowers. KIVA does not take part of the loan to cover operating expenses. Those come from separate donations and grants. All of this stuff about KIVA's revenues and expenses is simply a irrelevant.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 25 by Modulous, posted 01-05-2008 6:04 AM Modulous has replied
Replies to this message:
 Message 27 by Modulous, posted 01-05-2008 11:43 AM jar has replied
 Message 30 by obvious Child, posted 01-05-2008 2:49 PM jar has not replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 28 of 38 (446238)
01-05-2008 11:49 AM 		Reply to: Message 27 by Modulous
01-05-2008 11:43 AM

Possibly
But honestly it looks like the total revenue isn't enough to buy too many diamonds, much less a mine. And using them as your unpaid slaves might just be poetic justice under your scenario.
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But keep it up. Each time you guys answer the bell for another round, it bumps this topic to the top.
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Good for you.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 27 by Modulous, posted 01-05-2008 11:43 AM Modulous has replied
Replies to this message:
 Message 31 by obvious Child, posted 01-05-2008 2:54 PM jar has replied
 Message 34 by Modulous, posted 01-05-2008 3:02 PM jar has replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 32 of 38 (446288)
01-05-2008 2:57 PM 		Reply to: Message 31 by obvious Child
01-05-2008 2:54 PM

Re: Possibly
Then do your homework and decide where to donate. One point though, loans are not donations.
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But keep bumping this thread. Hopefully even more folk will start making micro-loans.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 31 by obvious Child, posted 01-05-2008 2:54 PM obvious Child has replied
Replies to this message:
 Message 37 by obvious Child, posted 01-05-2008 3:07 PM jar has not replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 36 of 38 (446295)
01-05-2008 3:04 PM 		Reply to: Message 34 by Modulous
01-05-2008 3:02 PM

Re: Possibly
And yes, they were formed in 2005.
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Immigration has been a problem Since 1607!
This message is a reply to:
 Message 34 by Modulous, posted 01-05-2008 3:02 PM Modulous has not replied
  
jar
Member (Idle past 424 days)
Posts: 34026
From: Texas!!
Joined: 04-20-2004

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Message 38 of 38 (446301)
01-05-2008 3:18 PM

Other ways to help.
Kiva is but one of the possible ways that YOU can help make an impact. E-Bay is also working towards that as mentioned above.
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A few other really great ideas are:
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Trickle Up: Unlike Kiva, these are not loans but outright grants. The only requirement is that the recipient does have to get training.
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Oportunity International that is directed primarily towards groups of women.
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Heifer International that donates breeding pairs of animals with the requirement that the recipient donate a breeding pair from offspring to another person.
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Immigration has been a problem Since 1607!
  
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