|
morpheus1x (December 31, 1969 at 6:59 pm)
having been raped by credit agencies and banks who in the end look for any way they can to bring your credit down and charge more interest i find great joy in lending to the disadvantaged expecting only the reward of their success, not the filling of my pockets on their backs. and when the loan is paid back you roll the $25 over to another person in need. go kiva!!
sirjohnniewalker3rd (December 31, 1969 at 6:59 pm)
yea!!! kiva!!!
jaggybee (December 31, 1969 at 6:59 pm)
An innovative extension of the idea of Mohammed Unis, for which he won a Nobel Prize. Not gifts, as stated by one commenter, who apparently didn't bother to watch the video. In fact, close to 100% of the loans are paid back -- a rate of return far better than enjoyed by the credit card conglomerates. My hope is that Kiva will extend the range of this program to include more loan opportunities in North America. A small loan combined with a viable plan can make a huge difference.
jacmcw (December 31, 1969 at 6:59 pm)
Right on, kd7iqp!!!
jacmcw (December 31, 1969 at 6:59 pm)
LOL, you got that right. It is my new drug of choice!
jacmcw (December 31, 1969 at 6:59 pm)
If you cannot get along without the $25.00, think of how tough it is for the person who desperately needs the help.
jacmcw (December 31, 1969 at 6:59 pm)
No, you lend it out of the goodness of your heart, and hopefully, re-invest it in another human being when the funds are paid back to you. If you cannot "Give" $25.00 without expecting some financial reward, this may not be the venue for you. Put it in your local bank and collect 1.whatever percent they are paying. This program was designed for TRULY needy and grateful people, in desperately poor communities where a small loan can actually make a world of difference in their lives.
TubeTutorials (December 31, 1969 at 6:59 pm)
nice video i enjoyed it
mcbowler (December 31, 1969 at 6:59 pm)
Oh, yay, micro finance.. just what I will need after the dollar collapses.
Power5ive (December 31, 1969 at 6:59 pm)
great information. |
