Everyone Can Learn Angel Investing Using Kiva
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Everyone Can Learn Angel Investing Using Kiva
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Re: Everyone Can Learn Angel Investing Using Kiva
#2If you're running a successful startup and looking for some kind of charity outlet for some of those profits, I highly recommend Kiva loans. Find some entrepreneurs trying to start tough businesses in tough environments, like a tailor in Liberia or a corner shop in Congo, and loan them solid chunks of money (e.g. $500 at a time).
If they repay the loan (which the ones I loaned to have so far), then:
1) you've helped start a business in a deprived part of the world, possibly changed someone's life
2) you've got the money back to help another business
And in either case:
3) you've done something very tangible to help another entrepreneur who is dealing with business risks you are lucky to never need to consider in your entire entrepreneurial career.
Re: Everyone Can Learn Angel Investing Using Kiva
#3I'm not comfortable with microloans for a number of reasons, most importantly because I don't want to be a usurer. (forex: http://www.nytimes.com/2010/04/14/world/14microfinance.html)
Re: Everyone Can Learn Angel Investing Using Kiva
#4Kiva loans have a negative expected (financial) return with no possibility of making back your money in real terms - you cannot, by definition, "invest" in a Kiva loan. Kiva is a fun place to do some good. I do not think, however, that it is any kind of training for investing.
Re: Everyone Can Learn Angel Investing Using Kiva
#5Alternative to Kiva, there is lending club. I wonder if there are any startups that could aggregate all these investment opportunities...
Re: Everyone Can Learn Angel Investing Using Kiva
#6What if you don't have any money to invest because you are out of work or disabled?
Re: Everyone Can Learn Angel Investing Using Kiva
#7I'm not comfortable with microloans for a number of reasons, most importantly because I don't want to be a usurer. (forex: http://www.nytimes.com/2010/04/14/world/14microfinance.html )
The article you link to is about loan sharks. You can loan money out to people using Kiva at 0% interest.
Re: Everyone Can Learn Angel Investing Using Kiva
#8I'm not comfortable with microloans for a number of reasons, most importantly because I don't want to be a usurer. (forex: http://www.nytimes.com/2010/04/14/world/14microfinance.html )
The article you link to is about loan sharks. You can loan money out to people using Kiva at 0% interest.
You can't loan at interest on Kiva. Which makes it a charity, not an investment.
Re: Everyone Can Learn Angel Investing Using Kiva
#9This is awesome.
Re: Everyone Can Learn Angel Investing Using Kiva
#10This is awesome, but I think this is more likely charity rather than investing.