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OFF-TOPIC Fastlane Team @ Kiva.org

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Analyzer

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Aug 31, 2007
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EDIT: For those having difficulties joining the team you can find it @ http://www.kiva.org/community/viewTeam?team_id=1586 after joining Kiva

Hey, hope this is not considered spam.

I've been a huge fan of Kiva.org for a while now and just felt it's a perfect match with our community, so I decided to start a fastlane group there:

http://www.kiva.org/team/fastlane

For those of you that don't know it Kiva.org is a place where you can make loans to entrepenours in third world countries (mainly Africa, South America and Asia).

I love it because inteasd of giving out some money or food you have a chance to help someone build their biz. This means three things to me:

(1) your money is not used only once, after it's repayed you can loan it again and
again (deliquency rates are low), meaning you can help many more people

(2) you're helping the right people, the ones that are willing to work hard and have a stake at risk in the future of their communities/countries

(3) the business the people develop will have spill over effects in their communities, they will hire workers, spend money, etc.

take a look at their site if you're not a member yet or join the team if you're already registered.

more info on how it works @ Kiva - What Is Kiva?
 

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yveskleinsky

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I love this idea! ++rep

Micro-lending in third-world areas actually have a higher repayment rate (in the upper 90%) compared to lending here in the States, not to mention how beneficial small enterprise can be for these areas.

Thanks for bringing this up. :)
 

andviv

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I just sent my request to join.
 
OP
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Analyzer

Analyzer

Contributor
Aug 31, 2007
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Portugal, Europe
I love this idea! ++rep

Micro-lending in third-world areas actually have a higher repayment rate (in the upper 90%) compared to lending here in the States, not to mention how beneficial small enterprise can be for these areas.

Thanks for bringing this up. :)

Thanks :)

right now delinquency rate at Kiva is 3.67% and the default rate is 1.41%
 

andviv

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well, Analyzer, it seems it is only you and me in the group... who else is joining us?
 

andviv

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too bad that nobody else has joined the group so far. Maybe this type of charity and help provided is not in alignment with the members here.
 

Jill

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too bad that nobody else has joined the group so far. Maybe this type of charity and help provided is not in alignment with the members here.
Well, it's not for a lack of trying! I followed all three links in the messages above but couldn't find the "sign up" button. I'll be the first to admit it's probably my own blindness / ignorance. But I think this is a neat idea!
 

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andviv

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do you have a login in kiva.org?

go to this page:

Kiva - Loans that change lives

click on the REQUEST TO JOIN button (for the one with the lambo icon, just in case there are new teams with the "fastlane" word in them).

this will take you to the Register or Login page. Once you log in the system should send a request to the creator of the team (Analyzer) and he should approve you guys.

I'm glad others want to join.
 

andviv

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cool, I see the team now has 4 members...
so, who are we going to lend to?

I propose this group of women working on growing their businesses:
Kiva - LAS PUNTUALES Group
 

MJ DeMarco

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Finally joined, I love this idea!!
 

MJ DeMarco

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The default rate on these enterprising folks is 3.1%

The last default rate that I could find for Americans who participated in the sub-prime fiasco ... 10.9%, some areas 25%.

Translation: It is riskier to lend money to Americans than to individuals in 3rd world countries ... go figure ... that sounds very Peter Schiffesque!
 

MJ DeMarco

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Woo hoo I just did my first "loan" for $225 ...

Kiva - Sim Un

A couple in Cambodia who look like they can use some home repair ... I loaned the full amount although I really don't expect nor care if I get repaid.

Thanks for creating the group!!!
 

G_Alexander

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Really nice website. Great idea! I am going to join and join the group as well. :cheers:

Thanks!

-Alex
 

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