I was going to help out to good causes by being a Kiva donor. But the last few post had me stop and rethink before committing.
I've always thought from reading about Kiva that delinquency was very rare
So just what happens when a loan is delinquent, do you lose all your money or parts of? Sounds risky with no guarantees of any safe returns. I don't mind loaning money with no interest but also don't want to lose my money in the process.
I had thought about loaning out about $2-4000. Notice many loans are relatively small like $25 or so. That would mean I have to do something like 150 loans. Sound very time consuming or am I reading it all wrong.
Sorry as I'm a newbie to this so maybe newbie questions and anxiety. I want to get a feel from others that have been at this for awhile. Just want to make not only a good decision by helping but also an educated one.
Thanks