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morpheus1x (November 30, 1999 at 12:00 am)
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 (November 30, 1999 at 12:00 am)
yea!!! kiva!!!
jaggybee (November 30, 1999 at 12:00 am)
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 (November 30, 1999 at 12:00 am)
Right on, kd7iqp!!!
jacmcw (November 30, 1999 at 12:00 am)
LOL, you got that right. It is my new drug of choice!
jacmcw (November 30, 1999 at 12:00 am)
If you cannot get along without the $25.00, think of how tough it is for the person who desperately needs the help.
jacmcw (November 30, 1999 at 12:00 am)
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 (November 30, 1999 at 12:00 am)
nice video
i enjoyed it
mcbowler (November 30, 1999 at 12:00 am)
Oh, yay, micro finance.. just what I will need after the dollar collapses.
Power5ive (November 30, 1999 at 12:00 am)
great information. |
