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Old Jun 21, 09, 9:02 pm   #61
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And, why not?

I re-lent a Benjamin that came back at me from borrowers today, and now we are up to $5,800.00

*Updated as of Jun 21, 2009 06:51 pm

boulderlaw, you've got a great idea!

Quote:
Originally Posted by myleguy View Post
I just noticed that now U.S. entrepeneurs are listed on KIVA. Anyone want to engage in a little private sector economic stimulus?
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Old Jun 21, 09, 9:35 pm   #62
 
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I loaned $25 on Jan 15th of 2009. Add me to the list!
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Old Jul 12, 09, 2:01 pm   #63
 
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I found Kiva through the link in JDiver's signature, but didn't find the Flyertalk team until today. After credits come in on the 15th, I'll be sure to credit a new loan to the FT team!
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Old Jul 12, 09, 7:10 pm   #64
 
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My previous loans are partially paid back, so I made another loan for the FlyerTalk team.
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Old Jul 14, 09, 2:03 am   #65
 
Join Date: Sep 2006
Location: FAT, LHR
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Did another one tonight. Wish Kiva did more education lending.

$6,200 thus far from FT!

Last edited by chanp; Jul 14, 09 at 2:04 am. Reason: add
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Old Jul 14, 09, 12:22 pm   #66
 
Join Date: Aug 1999
Location: Denver,CO, USA
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So, I just loaned to a Bolivian taxi driver for some vehicle maintenance and picked up some MR points.
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Old Jul 15, 09, 4:18 pm   #67
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Wow, that would be something! And I know we could do it - it's a matter of educating other FlyerTalkers of the wonderful opportunity FT and Kiva allow us to spread the good around where we travel. Now - imagine every FTer did what the 57 members have done - the average loans per FT member is 3.75 loans!

"We want to fight global poverty while earning miles" at work.

Today we are at 57 members, $6,300.00 lent.


Quote:
Originally Posted by boulderlaw View Post
We surpassed our goal of $5,000. Congratulations to all who have lent through the FT team and contributed to meeting our goal!

How about we add a few zeros to that number? Here is a global challenge for all of FlyerTalk:

If every member of FlyerTalk.com (all 197,793 members) makes at least one $25 loan on their credit card of choice through our Kiva lending team we can generate:

$4,944,825 in loans
$98,896.50 in cashback rebates (@ 2%) or
at least 4,944,825 frequent flyers miles

Right now the biggest team on Kiva has loaned a measly $500,000.

The people on this thread are off to a great start, but this concept needs to spread to every member of the FT community. Everyone on FT could use 25 miles or a little cashback, so what is stopping FT from dominating the Kiva leaderboard? As our team motto says, "We want to fight global poverty while earning miles." Let's get earning.
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Old Jul 15, 09, 4:52 pm   #68
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Posts: 403
Count me in.

I'm #58 and think this is a great cause. I'm going to forward this to my womens group!



Number of Team Members 57
Number of Loans 215
Number of Loans per Member 3.77
Total Amount Loaned $6,325.00

Last edited by weather; Jul 15, 09 at 4:53 pm. Reason: I'm really #58
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Old Jul 15, 09, 5:14 pm   #69
 
Join Date: Dec 2008
Location: Venice, Italy
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Posts: 702
Just made my 8th loan. It's so easy to re-loan and it's amazingly great to see every single person I've loaned to paying back, just so that I can pay it forward again to someone else!
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Old Jul 15, 09, 8:28 pm   #70
 
Join Date: Aug 2006
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I made a loan. I had checked out Prosper a while ago, but it kinda just seemed like either the person wouldn't pay it back, or you wouldn't earn much interest.

With Kiva I feel more like I'm helping someone who really needs it. I donated $25 to some lady who needs money for ear piercing machines.

How is everyone doing with currency fluctuations? The one I chose said I was guaranteed my $25 back, but other loans made it sound like if the exchange rate changes that I may not get my $25 back (which would just add a little hurdle to loaning out the next $25 but not stop it).
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Old Jul 15, 09, 10:04 pm   #71
 
Join Date: Dec 2007
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Oh man, you have no idea how happy I am to have come across this thread!

I've joined Kiva and the FlyerTalk team and have made my first loan.
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Old Jul 18, 09, 3:18 am   #72
 
Join Date: Dec 2008
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Quote:
Originally Posted by gj83 View Post
How is everyone doing with currency fluctuations? The one I chose said I was guaranteed my $25 back, but other loans made it sound like if the exchange rate changes that I may not get my $25 back (which would just add a little hurdle to loaning out the next $25 but not stop it).
I've just made it kind of a personal goal that I log in once a month or so, and if I have credit from a repaid loan, I go ahead and lend it to someone else. Even if I have to add $10 or $15. I'm up to 9 loans now. Everyone is paying back, even 2 are ahead of schedule by paying more than what they were obligated to pay.

As for currency fluctuations, I mean, we're talking $25 loans here, not $25000 loans. The dollar just doesn't fluctuate wildly against worldwide currencies during the short term of these loans. At the maximum, the $ could increase by 10% over one year's time. So, you've lost $2.50. That's less than the cost of 1 latte at Starbucks. What you gained in good karma, decent humanity, and self-respect is certainly more valuable than $2.50.
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Old Jul 18, 09, 6:21 am   #73
 
Join Date: Apr 2007
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Posts: 2,844
Hi all,

I've pretty much got the same approach as TravellinHusker. I log in every month or so, and reloan the amount that has been repaid. I've got $200 in the system, with 12 active loans right now. In total, I've made 27 loans, 15 of which were repaid in full and on time (7 loans have counted since I joined the FT team).

I would not worry too much about currency fluctuations. Yes, some country could face tremendous devaluation over time, but the loans having short terms, it typically won't show. And if it does, I'll just add the difference. I'm doing this to help others, not to protect "my investment".

Cheers,

GenevaFlyer
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Old Jul 18, 09, 6:29 am   #74
 
Join Date: Dec 2008
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Quote:
Originally Posted by GenevaFlyer View Post
I'm doing this to help others, not to protect "my investment".
You said it, GenevaFlyer. Perfectly sums up my sentiments exactly.
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Old Jul 18, 09, 5:47 pm   #75
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Just joined and took on my first loan
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