Kiva is matching loans for first time donors
1–10 of 15 posts
Re: Kiva is matching loans for first time donors
#2If they have faith in the system, then surely this should cost them next to nothing as everything should be repaid? (Although I'm naive on the accounting of things like this.)
Great idea though, never lost a $1 through kiva lending.
Re: Kiva is matching loans for first time donors
#3Brilliant idea. (i just did my first loan with the matching loan.)
Re: Kiva is matching loans for first time donors
#4If they have faith in the system, then surely this should cost them next to nothing as everything should be repaid? (Although I'm naive on the accounting of things like this.) Great idea though, never lost a $1 through kiva lending.
Looks like kiva has 98.87% repayment rate, so a small price to pay to attract new users.
Re: Kiva is matching loans for first time donors
#5If they have faith in the system, then surely this should cost them next to nothing as everything should be repaid? (Although I'm naive on the accounting of things like this.) Great idea though, never lost a $1 through kiva lending.
Yep, same here. I've done several loans and always have gotten repaid. Great service.
Re: Kiva is matching loans for first time donors
#6A few months ago you could do a trial $25 loan with their money. Guess matching loans is better though.
Re: Kiva is matching loans for first time donors
#7Something people should be more aware of regarding Kiva...
Ignore the pictures of the people you are purportedly lending to, their projects, and even their country. That is pure marketing.
If you read the small-print http://www.kiva.org/about/how/even-more you will see that you aren't lending to these people at all, but actually making zero-interest, low-risk, short-term loans to micro-finance institutions. (That said, I do have a couple of hundred dollars in Kiva myself.)
Re: Kiva is matching loans for first time donors
#8Something people should be more aware of regarding Kiva... Ignore the pictures of the people you are purportedly lending to, their projects, and even their country. That is pure marketing. If you read the small-print http://www.kiva.org/about/how/even-more you will see that you aren't lending to these people at all, but actually making zero-interest, low-risk, short-term loans to micro-finance institutions. (That sai…
That's not quite true is it - if that person defaults you lose your money.
It's similar to switching electricity suppliers (stay with me!) - you don't get a new cable straight from the electricity company which carries only "their" electricity, you stick with the same cable and the same electricity but more of your supplier's electricity gets bought.
Re: Kiva is matching loans for first time donors
#9Something people should be more aware of regarding Kiva... Ignore the pictures of the people you are purportedly lending to, their projects, and even their country. That is pure marketing. If you read the small-print http://www.kiva.org/about/how/even-more you will see that you aren't lending to these people at all, but actually making zero-interest, low-risk, short-term loans to micro-finance institutions. (That sai…
That's not quite true is it - if that person defaults you lose your money. It's similar to switching electricity suppliers (stay with me!) - you don't get a new cable straight from the electricity company which carries only "their" electricity, you stick with the same cable and the same electricity but more of your supplier's electricity gets bought.
He said "low risk" not "no risk." Low risk indicates that there's still some risk that you'll lose your money. I have no idea what that has to do with electricity supoly lines.
Re: Kiva is matching loans for first time donors
#10Earlier quoted context omitted.
That's not quite true is it - if that person defaults you lose your money. It's similar to switching electricity suppliers (stay with me!) - you don't get a new cable straight from the electricity company which carries only "their" electricity, you stick with the same cable and the same electricity but more of your supplier's electricity gets bought.
He said "low risk" not "no risk." Low risk indicates that there's still some risk that you'll lose your money. I have no idea what that has to do with electricity supoly lines.
My point is that you are lending to individual people since you lose money when they default on their loan.
(Electricity supply lines: say you sign up for "green" electricity. Nobody comes and physically cables you up to a separate grid, you just pay for more green electricity and all the different companies work it the numbers behind the scenes. Similar to what waitwhat is saying)