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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
 
woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 12:37 AM
Original message
For anyone who has never heard of www.kiva.org
Please take a look at this amazing site that allows you to donate $25 to an enterpreneur in a developing country.

Bill Clinton has praised this site enthusiastically, and it has a repayment rate of greater than 90 percent. Twenty-five dollars that you would use on coffee or a mediocre dinner out can make a huge difference in someone's life and ability to support their family and grow a business. Click "Lend" for profiles of those requesting money right now.

www.kiva.org

(Also click "Community" to look at the Lending Teams on Kiva and see who is at the top!)
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elocs Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 01:08 AM
Response to Original message
1. I am on my 2nd Kiva loan now. The first went to a woman in Africa
who repaid all of her loan, then I reloaned the money to a woman in Vietnam. The site has profiles of the people wanting a loan (by our standards very small amounts of money) and what they plan to do with the loan. This is a great way to get kids involved in helping other people in the world who are less fortunate and where amounts as little as $25 will go a long way.
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woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:22 AM
Response to Reply #1
5. It is a great idea.
I bet a lot more people would give if they had a sense that their money was going to an identifiable person rather than a bureaucracy.
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Doctor Cynic Donating Member (965 posts) Send PM | Profile | Ignore Fri Mar-13-09 01:12 AM
Response to Original message
2. I hope those microloans aren't securitized and sold to banksters!
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woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:23 AM
Response to Reply #2
6. oh dear! nt
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KittyWampus Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:27 AM
Response to Reply #2
8. you really ARE a study of cynicism!
:D
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vssmith Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 11:48 AM
Response to Reply #8
24. Or realism born of experience
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Mojorabbit Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 01:21 AM
Response to Original message
3. We have a DU group there. nt
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woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:21 AM
Response to Reply #3
4. That's great to hear.
I would love to see updates about it on the regular forums from time to time. I'll bet there are a lot of DU-ers like me who didn't know about it and went into another group.
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OneGrassRoot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:26 AM
Response to Reply #4
7. I love Kiva...good to know about DU group; but here's my question:
Edited on Fri Mar-13-09 08:28 AM by OneGrassRoot
why don't we have something like that here in the States?

I've been gathering information, trying to find existing companies doing something similar here, but have had no luck.

I don't want to reinvent the wheel; I would just like to see the wheel work better for as many people as possible.

Maybe Wishadoo can work with Kiva to recreate these efforts in the States and other countries not considered developing?

I've always wanted to create grassroots efforts in our own communities, new ways of generating income and connecting, and offering people ways of investing in one another and their own community.

Okay, it can't hurt to contact them, right? ;)

Thanks!

(on edit: This is the thread where I introduced Wishadoo...so you'll understand more. :)

http://www.democraticunderground.com/discuss/duboard.ph... )
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woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:46 AM
Response to Reply #7
10. This is an interesting idea.
Edited on Fri Mar-13-09 08:46 AM by woo me with science
I think the quick response is that money doesn't go nearly as far in the States as it does in these countries, so there is probably less of an expectation that it would be successful in the same way. You would be creating a somewhat different animal.

And given that the donations would probably have to be larger, then you get into the issue of how taxes and such work for these kinds of gifts within the United States. It would almost have to be more complicated, because there is so much regulation of charities, gifts, and giving.

The link is interesting, though. I'll take a look at it.
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OneGrassRoot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 09:02 AM
Response to Reply #10
12. That's right....it mainly comes down to regulations.....
you're absolutely right.

Well, I'm determined to make that part of this direct connection approach via Wishadoo....us investing in our neighbors (be it virtual or literal) with business dreams.

I'm a serial entrepreneur and have wished through the years to have these same connections and support (beyond the SBA); I'm determined to provide them for others now, somehow.

Just call me Pollyanna today. LOL

:)
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woo me with science Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 05:29 PM
Response to Reply #12
16. We need Pollyannas.
I hope you succeed beyond your wildest dreams. :)
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rvablue Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 06:29 PM
Response to Reply #7
18. There is something like this. Cant' remember the name of the webiste/org. Maybe someone else will?!
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REACTIVATED IN CT Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 08:40 AM
Response to Reply #18
23. Prosper.com
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OneGrassRoot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 07:33 PM
Response to Reply #23
29. Thank you!
:hi:
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lukasahero Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:45 AM
Response to Original message
9. Cool - thanks
I had never heard of this organization.
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Arkansas Granny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 08:47 AM
Response to Original message
11. I've done several loans so far. I have 3 active right now. As the money
is paid back, you get a notice from Kiva about your account balance and you can loan it all over again. I had seen a documentary a few years ago about these micro loans and it is just amazing how much good can be done with so little money.
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fed_up_mother Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 09:08 AM
Response to Reply #11
13. I wonder if that was the same documentary I saw. It was great.
And almost all the loans went to women, because the money was much more likely to be repaid, and not to mention that the profits actually got to the kids for their benefit.
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Arkansas Granny Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 09:24 AM
Response to Reply #13
14. It may have been the same one. The one I saw did feature women and
the high repayment rate although I don't remember that they mentioned Kiva by name. It was a real eye opener.
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Adelante Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 10:41 AM
Response to Original message
15. Thanks, I joined Team Obama and the DU Team
I made my first loan. I meant to do this a while ago, so I'm glad for the reminder.
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jtrockville Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 06:06 PM
Response to Original message
17. Micro lending is such a cool idea. I'm glad I participate.
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wryter2000 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 06:42 PM
Response to Original message
19. I'm a member of our community there
Lately, I've been getting e-mails that my money is available to be loaned again, but every time I try to make a loan with it, I get sent to a page to pay. I don't have extra money. I want to use the old money again.

Any clues what I'm doing wrong?
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Buns_of_Fire Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 01:19 PM
Response to Reply #19
25. Make sure you have enough "Kiva Credits" to cover what you want to lend...
$25 minimum, plus any donations to Kiva you might want to add on. If you don't have enough credits, PayPal (who is waiving their usual transaction fees for Kiva, BTW) will ask permission to go to your credit card for the difference. Hope that helps.
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ProgrezivIndie Donating Member (165 posts) Send PM | Profile | Ignore Fri Mar-13-09 06:45 PM
Response to Original message
20. many thanks! k&r n/t
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Danascot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 07:20 PM
Response to Original message
21. We give Kiva loans as gifts
and have been lenders ourselves for a few years now.

Kiva has probably the best Karma/Effort ratio of all time.
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Tierra_y_Libertad Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-13-09 07:24 PM
Response to Original message
22. We've been participating for about 4 years. 16 loans out now. K&R
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coffeenap Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 01:21 PM
Response to Original message
26. K & R--two years in--such a good idea. The first time
I heard of microlending was from the organization I joined years ago that used to be called Women for Women in Bosnia, now just Women for Women. Person to person loans are incredibly valuable and effective!
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LuckyLib Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 03:30 PM
Response to Original message
27. This is a great project for teens. My 14 year old nephew has done this for over a year.
He loves it. He collects aluminum cans from everywhere, recycles them, and invests the money with the Kiva program.
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Ocracoker16 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Mar-14-09 04:29 PM
Response to Original message
28. Thanks for posting about this
I am going to check the site out and get started with a loan.
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