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Kiva.org

post #1 of 107
Thread Starter 
Kiva.org

Here is your opportunity to directly aid the people in the developing world for as little as $25. I think it would really be neat if we selected a specific person to be aided within this thread, funded their loan and then tracked the results.

Anyone else here up for this?

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #2 of 107
Trumpt, have you done the research on this group? How do you send money? I might be interested.
post #3 of 107
Thread Starter 
From CNN

Quote:
Kiva, unlike some Wall Street funds investing in microfinance, isn't designed as an investment vehicle.

Lenders on Kiva can hope to get their loan repaid in full, but they don't get paid interest. The "return on investment" comes in the form of pictures and stories of a business idea moving from a concept to a (hopefully) money-making reality.

Using PayPal as an intermediary, lenders create an account at Kiva and can then browse through photos and business pitches from those seeking a loan.

Pitches from people like Charles Ekoju, who wanted $500 to buy eight bails of used clothing to sell out of his house.

Or Joseph Adongu, who got $500 to add better goats to his herd.

"That is now helping him support his family and pay school fees for his children," reads Adongu's monthly update on Kiva. "With large profit he gets, he is faithful in handling the loan and paying back promptly."

The lender, whose loan can be combined with others to meet the needs of a borrower, is credited through their PayPal account as the loan is paid back.

You don't make interest on the loan so we can't be said to be exploiting these folks. Instead we get pictures and updates about the way the money has made an actual difference.

Businessweek

The repayment and loan system all apparently works through Paypal and is done free of charge for all parties.

I really think it would be nice if we could all pitch in, fund say a $500 loan (perhaps even funded by AI/AN regulars exclusively) and then we could all share in the updates related to the loan.

Kiva 1

Kiva 2

Kiva 3

Here are three examples of the types of loans I figured we could fund. I know we are talking about folks who appear to earn $3-10 U.S. dollars per day but the risk is shared as well.

Nick

Edit: The transactions occur via the Paypal site and you do not need a Paypal account. You can simply pay with a bank card that has a Visa/Mastercard logo or with a credit card.

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #4 of 107
Thread Starter 
Update, I simply decided to fund the first $50 of the first Kiva loan. Business number 600. This loan amount is very small. I figure if it ends up fully funded, we can discuss and move on to others, but I find that action drives action.

Anyone else going to chip in?

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #5 of 107
I don't think I have a paypal account, but I'll look into it How do you figure out which is number 600?
post #6 of 107
Thread Starter 
Quote:
Originally posted by BRussell
I don't think I have a paypal account, but I'll look into it How do you figure out which is number 600?

Simply click on the link above called Kiva 1.

Here it is again. Business number 600.


Kiva 1

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #7 of 107
OK. By the way, this is probably better than this.
post #8 of 107
Just donated $25. $175 still needed.
post #9 of 107
Thread Starter 
Quote:
Originally posted by BRussell
OK. By the way, this is probably better than this.

Actually I did both. Now I can use the interest from the Prosper loans to fund a Kiva loan. Exploiting Americans to fund loans in Kenya. Is that worth anything in the Karma scale?

BTW, here is what the BBC has to say about Kiva.org.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #10 of 107
Thread Starter 
Quote:
Originally posted by Chucker
Just donated $25. $175 still needed.

Chucker rules.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #11 of 107
Why thank you.
post #12 of 107
Sarah is now $25 closer to getting that new acreage.

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
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“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
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post #13 of 107
Awesome
post #14 of 107
Thread Starter 
BR rules.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #15 of 107
Quote:
Originally posted by trumptman
Simply click on the link above called Kiva 1.

Here it is again. Business number 600.


Kiva 1

Nick

This is to Sarah, I'm assuming?

I just popped $50 through my Paypal account. It's odd to see my account with the Kiva page surrounding it.

But the business number said 431.
post #16 of 107
This really rockz. In a matter of hours, we have almost completely covered her.
post #17 of 107
Quote:
Originally posted by BR
Sarah is now $25 closer to getting that new acreage.

I'm hoping that this isn't screwed up. My page with Sarah said that she needed the money to send her 5 kids to school!

Well, we'll see.

My wife, as an attorney for CitiCorp. work on these micro-loans for the UN. She was recently invited to a dinner there, as she is every year, on their behalf. Those loans work very well.
post #18 of 107
Thread Starter 
Business #600, Sarah is now fully funded. You guys are awesome.

Unfortunately, the evil chucker decided to fund loan number 601 and I couldn't let him have all the fun. I had to match it.

Could you guys please do me the favor of being...double awesome?

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #19 of 107
Thread Starter 
Oh-oh... only half awesome at this point. Someone took their money back out of the basket.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #20 of 107
Not to be paranoid, but why does Sarah not show up as fully funded any more? $75 still needed, it says. Maybe just a matter of caching, though.

(edit) Ah, yes. The basket got smaller. Can someone explain this basket thing to me?
post #21 of 107
It's back to fully funded now. On to 601 and 592, folks.
post #22 of 107
How can money be taken out/ The only way I can think of is if you agree to put money in, but then fail to follow through. I would imagine that the funding promise would be removed from the total.

Has everyone recieved the email from "staff@kiva.org"?
post #23 of 107
Yeah, I have one "Thanks from Kiva" e-mail for each money transfer, (obviously) one "Receipt for Your Payment to Kiva" from PayPal for each, and then the obligatory "Welcome to Kiva".
post #24 of 107
Sounds like a neat way of helping people out.

I just sent the last $50 she needed.

Hi-5 to everyone who donated, I'm sure Sarah will appreciate it.

Noah
post #25 of 107
Thread Starter 
Quote:
Originally posted by melgross
How can money be taken out/ The only way I can think of is if you agree to put money in, but then fail to follow through. I would imagine that the funding promise would be removed from the total.

Has everyone recieved the email from "staff@kiva.org"?

I have and if you have, then you rule Melgross.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #26 of 107
Lately, I haven't been getting acknowledgements from Ebay when I bid, or when I win, nor have I been getting reciepts from PayPal. But, my account works fine otherwise. They aren't too helpful.
post #27 of 107
Quote:
Originally posted by trumptman
I have and if you have, then you rule Melgross.

Nick

These are small enough numbers. Everyone can afford something.

This is an interesting way to do this. My wife handles vast amounts of money in the UN program, but this helps too.
post #28 of 107
I've never really had problems with PayPal. Sometimes I prefer moneybookers because of lower fees, but both services have been reliable for me. I haven't lost any money due to them.
post #29 of 107
Thread Starter 
Quote:
Originally posted by noah93
Sounds like a neat way of helping people out.

I just sent the last $50 she needed.

Hi-5 to everyone who donated, I'm sure Sarah will appreciate it.

Noah

Noah, I just decided to name my son after you for your fantastic donation. I mean sure he was born 6 years ago and was named that, but really.. it was after you.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #30 of 107
Grace just got $75.
proud resident of a failed state
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proud resident of a failed state
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post #31 of 107
Thread Starter 
Quote:
Originally posted by groverat
Grace just got $75.

Groverat is awesome and rules.

Nick


^^^^^^^^^^^

You can put that in your sig.

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #32 of 107
Quote:
Originally posted by Chucker
(edit) Ah, yes. The basket got smaller. Can someone explain this basket thing to me?

Damn these cross-forum threads.

Anyways, I'd assume that it's just accounting a 'promise'...that is, when I registered for an account with Sarah in mind I went poking around a bit before I donated. Maybe it's seeing that gift (and potential others) as the 'basket'.

Regardless, Sarah is set. So on to #601.
It's just an object. It doesn't mean what you think.
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It's just an object. It doesn't mean what you think.
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post #33 of 107
#601 is done.
post #34 of 107
Holy christ. That was quick. Well done all.
It's just an object. It doesn't mean what you think.
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It's just an object. It doesn't mean what you think.
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post #35 of 107
Quote:
Originally posted by melgross
I'm hoping that this isn't screwed up. My page with Sarah said that she needed the money to send her 5 kids to school!

Well, we'll see.

My wife, as an attorney for CitiCorp. work on these micro-loans for the UN. She was recently invited to a dinner there, as she is every year, on their behalf. Those loans work very well.

Well, it's to send the 5 kids to school by increasing her acreage so she can sell more vegetables and tea. Anyway, freaking awesome people! May the weather treat her better than it's treating us here on the West Coast!

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply

 

“The nitrogen in our DNA, the calcium in our teeth, the iron in our blood, the carbon in our apple pies were made in the interiors of collapsing stars. We are made of starstuff.” 
-Sagan
Reply
post #36 of 107
$25 to 588; $200 left.
post #37 of 107
Let's keep this going guys!
I just topped off the last $50 for #601.

As for those of you reading this, please take action, and donate, even $25 can make a big difference to these people, and all of it goes to helping people in 3rd world countries support themselves. Come on!

Noah
post #38 of 107
Thread Starter 
Quote:
Originally posted by BR
Well, it's to send the 5 kids to school by increasing her acreage so she can sell more vegetables and tea. Anyway, freaking awesome people! May the weather treat her better than it's treating us here on the West Coast!

I suspect the people helping them with the ads don't have top-notch English, but that really shouldn't be the point as you noted.

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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post #39 of 107
Rose just got $75.

I need to turn my computer off before I deplete my bank account.
proud resident of a failed state
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proud resident of a failed state
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post #40 of 107
Thread Starter 
I had to match our mighty moderator.

I might need to turn my computer off too.

Do we dare dream of three loans funded?

Nick

"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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"During times of universal deceit, telling the truth becomes a revolutionary act." -George Orwell

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