I'm so proud of my Kiva friends

Scott Ames · 11-18-2009, 10:11 AM

Kiva.com allows me to safely send micro loans to people around the world. My Portfolio is fun to view. I have several that have paid back 100% and the rest are paying back as agreed.

It's a kick to enable these hard working people to make a living. It feels so good. I get tears when I look at them and know they are doing everything they can to provide for their family. What I have done is nothing to me, but it means so much to them.

Michael Motley · 11-18-2009, 10:57 AM

Isn't this the site that lets you help out micro businesses?

Scott Ames · 11-18-2009, 11:53 AM

Quote:

Originally Posted by Michael Motley

Isn't this the site that lets you help out micro businesses?

Yes exactly.

Michael Motley · 11-18-2009, 11:57 AM

I've looked through that before. Its a very cool idea. I'm just concerned about fraud.

Scott Ames · 11-18-2009, 12:18 PM

Quote:

Originally Posted by Michael Motley

I've looked through that before. Its a very cool idea. I'm just concerned about fraud.

I believe it's screened by the organizations (field partners) that put in the info for each person. So far I've had good results. They do have a 98.04% repayment rate. Pretty good.

Michael Motley · 11-18-2009, 12:33 PM

do they do a straight repayment or is there a percentage rate you get as well?

Scott Ames · 11-18-2009, 12:47 PM

Quote:

Originally Posted by Michael Motley

do they do a straight repayment or is there a percentage rate you get as well?

I believe its straight repayment with no interest. Most borrows get from a few hundred to a thousand dollars. I might put $25 into the pot for someone that wants $500 and others contribute too until they reach their funding goal. I spread my risk around and feel great about helping people.

The nice thing is that once that $25 is repaid I can loan it out again. It never ends.

Michael Motley · 11-18-2009, 12:56 PM

Do you ever get any kind of 'updates' or anything? something to show you how things are going along?

Scott Ames · 11-18-2009, 01:51 PM

Quote:

Originally Posted by Michael Motley

Do you ever get any kind of 'updates' or anything? something to show you how things are going along?

Always. When you go to your Portfolio you can see the rate of payback for each person you loaned to.

Michael Motley · 11-18-2009, 02:00 PM

I mean more along the lines of how the business itself is going along? Can you contact the people themselves or is it just a financial thing

Scott Ames · 11-18-2009, 02:53 PM

Quote:

Originally Posted by Michael Motley

I mean more along the lines of how the business itself is going along? Can you contact the people themselves or is it just a financial thing

I haven't found a way to contact them no.

Jhf14 · 11-18-2009, 02:56 PM

thought about joining that site, I'll have to read up on it a bit... (i wish England would set up a USA Kiva ... their currency dominates).

11-18-2009, 10:11 AM	#1
Scott Ames Senior Warrior Member War Room Member Join Date: Jun 2006 Location: West of Rockies Posts: 5,556 Thanks: 363 Thanked 665 Times in 325 Posts	I'm so proud of my Kiva friends Kiva.com allows me to safely send micro loans to people around the world. My Portfolio is fun to view. I have several that have paid back 100% and the rest are paying back as agreed. It's a kick to enable these hard working people to make a living. It feels so good. I get tears when I look at them and know they are doing everything they can to provide for their family. What I have done is nothing to me, but it means so much to them.
	Action is the foundational key to all success. - Pablo Picasso

11-18-2009, 10:57 AM	#2
Michael Motley HyperActive Warrior War Room Member Join Date: Oct 2008 Location: U.S. Posts: 385 Thanks: 31 Thanked 256 Times in 182 Posts Social Networking	Re: I'm so proud of my Kiva friends Isn't this the site that lets you help out micro businesses?
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11-18-2009, 11:57 AM	#4
Michael Motley HyperActive Warrior War Room Member Join Date: Oct 2008 Location: U.S. Posts: 385 Thanks: 31 Thanked 256 Times in 182 Posts Social Networking	Re: I'm so proud of my Kiva friends I've looked through that before. Its a very cool idea. I'm just concerned about fraud.
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11-18-2009, 12:33 PM	#6
Michael Motley HyperActive Warrior War Room Member Join Date: Oct 2008 Location: U.S. Posts: 385 Thanks: 31 Thanked 256 Times in 182 Posts Social Networking	Re: I'm so proud of my Kiva friends do they do a straight repayment or is there a percentage rate you get as well?
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11-18-2009, 12:56 PM	#8
Michael Motley HyperActive Warrior War Room Member Join Date: Oct 2008 Location: U.S. Posts: 385 Thanks: 31 Thanked 256 Times in 182 Posts Social Networking	Re: I'm so proud of my Kiva friends Do you ever get any kind of 'updates' or anything? something to show you how things are going along?
	*Free Report on Celiac* - Learn to identify the symptoms Self Help Program Review - Reviews of popular self help programs!

11-18-2009, 02:00 PM	#10
Michael Motley HyperActive Warrior War Room Member Join Date: Oct 2008 Location: U.S. Posts: 385 Thanks: 31 Thanked 256 Times in 182 Posts Social Networking	Re: I'm so proud of my Kiva friends I mean more along the lines of how the business itself is going along? Can you contact the people themselves or is it just a financial thing
	*Free Report on Celiac* - Learn to identify the symptoms Self Help Program Review - Reviews of popular self help programs!

11-18-2009, 02:56 PM	#12
Jhf14 Name is Justin War Room Member Join Date: Sep 2009 Posts: 82 Thanks: 15 Thanked 8 Times in 6 Posts	Re: I'm so proud of my Kiva friends thought about joining that site, I'll have to read up on it a bit... (i wish England would set up a USA Kiva ... their currency dominates).