I know there have been a few threads on this, but I haven't seen any lately - who's doing this, and I know Kiva has 'teams' - do we have any?
Kiva & Microlending
- Thread starter Bofu2U
- Start date
Also interested. Although I have researched some "teams" before that have -25% to 3 percent returns... errr... sounds more like a gamble to me.
He has a lot of loans out and very few with much paid back. Time to break some legs.
Looks like quite a few of them are being paid back. Its not all 100% yet but really this kinda stuff is not short term.
You guys know your money doesn't actually go directly to these people, right? - http://www.nytimes.com/2009/11/09/business/global/09kiva.html?_r=1&scp=1&sq=kiva&st=cse
This.
Not that what Kiva is doing isn't worth supporting. But the "lending" aspect of it is just a gimmick to help grease the public relations gears.
Here's my page: https://www.kiva.org/lender/andrew2186
I just started reading that article, will post my thoughts after I'm done.
I've always been interested in P2P lending, and just started with Lending Club. Been with Kiva for a while. If we have a WF team let me know.
Repayment has been surprising - close to 99% last time I checked.
I just started reading that article, will post my thoughts after I'm done.
I've always been interested in P2P lending, and just started with Lending Club. Been with Kiva for a while. If we have a WF team let me know.
Repayment has been surprising - close to 99% last time I checked.
I just saw there were no loans available the other day - first time I have seen that. I would say that it pretty impressive of Kiva.
I don't know if this is true or what exactly goes on but I started using Kiva because a friend of mine is on their board of advisers. Either way I still think it is beneficial.
Even though the money directly go to the person you select its still going to someone who needs it. Plus I read this:
So that's nice.
Look at the historical ROIs of some of the largest lenders on Prosper and come back.
yes the shit is backfilled, yes a microfinance institute, which is making like 20-30% on these loans might cover a default. So what? If there isnt capital available (or anticipated to be available), these people don't get their loans. God damn.
edit: and if that person doesn't pay it back, most of time the microfinance isn't going to cover it, and so the lender is screwed. That's pretty "person-to-person" to me.
edit: and if that person doesn't pay it back, most of time the microfinance isn't going to cover it, and so the lender is screwed. That's pretty "person-to-person" to me.
I live a half hour from detroit, if my $25 could do the same in detroit I would give everything there.
And this shit isn't mutually exclusive. Its not "give locally or internationally". You can actually do both.
This is dumb, if you want to lend money. Hook up with a real estate attorney in your area. They always have clients looking for money. You can lend at 12-18% and have something secured by property in the United States.
Remember, people love borrowing money. No one wants to pay back. Being a money lender is a tough racket.
Remember, people love borrowing money. No one wants to pay back. Being a money lender is a tough racket.