Kiva loan :)

[cosmosgrove]

Aww my 14 year old son just happily paid for a Kiva loan out of his own money. I suggested it to him after showing him the one I did last night and he didn't hesitate to say yes.

Just a little bit proud that he did that :-x

[thecatspjs]

Countdown begins ... 29 loans to go ...

[cosmosgrove]

Oh I just noticed my last post said 200 loans in 2 years but of course we're aiming for 300, it'll be close. 

[*elizabeths-mum*]

I just looked at my Iraqi borrowers (paid back) and their faces have been fuzzed out and this message has been added:

Based on the political and social challenges of lending in Iraq, personally identifiable information about this borrower has been altered for their protection. RI-Iraq appreciates Kiva lenders' consideration of these challenges and encourages lenders to continue their support for Iraqi borrowers.

I do hope they and their shop remain safe.

[j*oono]

27 !

[kopenhagen5]

The team now has 282.

18 to go!  And Novembers payment will be available around 17th Oct.

I can do 2 loans next month. 

Go team community spirit.

[azureline**]

I received another lot of repayments last week, ready to lend again next month 🙂

[cezm]

I've managed 2 loans this time but have a bit in the kitty so I may just do a top-up for the third. One of mine if still raising funds ... if anyone feels inspired.

I should be able to do 2 or 3 more before November.

[golfastoo]

Hi kopenhagen5,
Would you be kind and let me know what/how (in easy words 🙂 this community scheme works?
cheers
June

[azureline**]

http://www.kiva.org/about/how

I started with a $25 loan, that was paid back fairly quickly, have never had a delinquent loan either. Today I had $18 credit so I came across a lady who needed $25 to complete her loan. I added a little over $10 to it.

[kopenhagen5]

Hi June,

It is set up by financial institutions around the globe.

Individuals then put funds into a kiva account in which they can lend to no so fortunate individuals or groups that are making an effort to improve their standard of living or simply trying to survive.

I have around $300 in my account and receive around 25-50 each month in repayments as I usually select short period loans. That way I can relend faster meaning more benefit from my loans.

There is an option to pay the $3 admin costs on each loan as a donation which I do. 

You get to see the person receiving the loan and what the loan is for making it more personal.

If all your funds are payed back and you don't want to relend you simply withdraw the funds from your account. I have a feeling not many do as it's a very simple and rewarding scheme.

A group in kiva was started by the author of this thread and we have 17 members now.

Have a look at their site and if you are interested feel free to join our group as any loans you make also count towards the group.

Community Spirit group -  http://www.kiva.org/team/community_spirit          and look at azures link as well.

If you have any other questions don't hesitate ask. k5