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FlyerTalker Lending Team on Kiva.org!

FlyerTalker Lending Team on Kiva.org!

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Old May 16, 16, 12:51 am   -   Wikipost
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Last edit by: JDiver
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The FlyerTalk Lending Team on Kiva:
improving lives a small loan at a time.

Kiva.org is the not-for-profit microlending organization that networks people willing to lend to small entrepreneurs in developing nations using available technology and international networking / collaboration, and how Kiva.org had become an approved FlyerTalk charity thanks to TalkBoard's approval June 29, 2008 <link> It is listed on the FlyerTalk Cares page.

"Kiva is a grassroots project started by a team with a big idea: one-to-one, real-time lending to the poor via the Internet. Currently, we take no cut of the loan you make through our site -- 100% goes to the entrepreneur. We suggest a 10% donation, in addition to your loan, to help us cover our costs. Kiva is a 501(c)(3) nonprofit and your donation is tax-deductible for US taxpayers." (Suggested donations for administrative overhead, low though that is, are not required - you may lend 100% if you so choose.)
Since June 2008, a FlyerTalker Lending Team has formed on Kiva.org; there were ten of us with 55 loans worth $1,375.00 as of Feb 27, 2009. But...

As of 15 May 2016 it's 607 FlyerTalk lending team who have lent $2,209,175 in 37,092 loans!

Our motto is: "We loan because: We want to fight global poverty while earning miles."

This is tangible evidence Flyertalk Cares! There are likely other FlyerTalkers on Kiva who have not joined - if you are one of them, do so now to show your and FT's support and involvement. If you haven't lent yet, check it out - you may want to join up. For the low-income entrepreneurs on five continents who are requesting loans, microlending is significant - and it takes a lot of drops to fill the bucket. (Read on to see updates!)

Now, we can see this sophisticated network link resources from those who can lend (no interest, sorry!) with those who are needy, worthy and screened by local NGOs and have a need to start / expand their small business to enhance their and their families' survival. And, using PayPal and your FFP/FFG linked card or account, you can earn miles or points with many loans!

FlyerTalkers are lending, and fulfilling one of FT's seminal values, that of "paying it forward."

Read more about Kiva.org, who supports and enables it (Intel, Google, Paypal, Intuit and many others,) and see if you have $25.00 (or more) you can lend someone deserving in a land you have visited and enjoyed (or not.)

This is how it works:


Add your experiences here, or if you haven't joined... won't you consider joining the FlyerTalker Lending Team?

You can see who the latest FT borrowers are (some still possibly needing loans) here

For ease, you can click here: Subscribe to FlyerTalker Lending Team on Kiva.org
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Old Feb 1, 10, 6:15 am
  #196  
 
Join Date: Aug 1999
Location: Denver,CO, USA
Posts: 791
loans are back

900 loans needing funding just showed up this morning.
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Old Feb 1, 10, 8:15 am
  #197  
 
Join Date: May 2009
Location: REP/LHR
Posts: 1,075
Great, thanks for the update! Putting a few loans through now.
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Old Feb 3, 10, 2:42 pm
  #198  
 
Join Date: Dec 2006
Posts: 96
Kiva's been in the news quite a bit lately, not all positive. Your loans aren't really going to the exact people you think they are. Instead it just goes into a big pool.

Still a great organization. But they're not so transparent. You need to read the fine print to see it.

Confusion on Where Money Lent via Kiva Goes:

http://www.nytimes.com/2009/11/09/bu...al/09kiva.html

Last edited by Jenbel; Feb 5, 10 at 7:42 am Reason: Consecutive posts saying the same thing
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Old Feb 4, 10, 12:50 am
  #199  
 
Join Date: Apr 2007
Location: DWC/DXB
Programs: FB Silver, MR Platinum (Life), EK Silver, DL, UA Premier, BA, HH Gold, A3 *Silver
Posts: 3,048
Hi,

Originally Posted by sosuede View Post
Still a great organization. But they're not so transparent. You need to read the fine print to see it.
While there was indeed a lot of news a number of weeks ago, KIVA has made a number of changes in response, to make it more transparant. You now see the date on which the loan was actually disbursed to the borrower, and they provide a lot more information about the interest rates being charged by the local partners.

So yes, there is a pooling system, but it is now much more visible. To quote, right from a borrower's page:

Pre-Disbursed : Jan 18, 2010
Your funds will be used to backfill this loan.
Repayments on this loan will go to you.
Cheers,

GenevaFlyer
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Old Feb 4, 10, 1:48 pm
  #200  
 
Join Date: May 2005
Location: BOS
Programs: UA
Posts: 1,770
Got enough back today to re-loan. My first re-loan! Yay!
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Old Feb 11, 10, 10:52 am
  #201  
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, and The Suggestion Box
Original Poster
 
Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Maître-plongeur des Muccis
Posts: 60,272
Heh heh! Your post reminded me to go check - yep, some moolah to relend!

We are now at

Code:
Statistic Name	FlyerTalkers
Number of Team Members	108
Number of Loans	691
Number of Loans per Member	6.40
Total Amount Loaned	$21,575.00
Originally Posted by Owlchick View Post
Got enough back today to re-loan. My first re-loan! Yay!
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Old Feb 15, 10, 7:41 am
  #202  
 
Join Date: Jul 2003
Location: New York, NY USA
Posts: 284
More credits came in this morning - have enough to add to the FT team total
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Old Feb 15, 10, 8:04 am
  #203  
 
Join Date: Apr 2007
Location: DWC/DXB
Programs: FB Silver, MR Platinum (Life), EK Silver, DL, UA Premier, BA, HH Gold, A3 *Silver
Posts: 3,048
Another loan for the team!

Cheers,

GenevaFlyer
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Old Feb 15, 10, 9:47 am
  #204  
FlyerTalk Evangelist, Ambassador: World of Hyatt
 
Join Date: Jul 2001
Location: NJ
Programs: Hyatt Diamond, Fairmont Lifetime Plat, UA Silver, dirt elsewhere
Posts: 44,158
Had enough repaid for 2 more loans, so out it went
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Old Feb 21, 10, 9:02 pm
  #205  
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, and The Suggestion Box
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Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Maître-plongeur des Muccis
Posts: 60,272
More loan repayments came through, so now the FlyerTalkers' lent total is $23,100.00

Originally Posted by Mary2e View Post
Had enough repaid for 2 more loans, so out it went
Originally Posted by GenevaFlyer View Post
Another loan for the team!

Cheers,

GenevaFlyer
Originally Posted by wildblue View Post
More credits came in this morning - have enough to add to the FT team total
Here's the bottom line: In one year, we FlyerTalkers have lent over USD $20,000 to small entrepreneurs in the far (and sometimes near) reaches of the globe!

Last edited by JDiver; Feb 22, 10 at 12:07 pm
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Old Mar 9, 10, 11:09 pm
  #206  
 
Join Date: May 2009
Location: REP/LHR
Posts: 1,075
Hey Flyertalk lending team!

I'm in the process of completing my Kiva Fellows application (it's a volunteer position with one of the microfinance organizations in a developing country)--wish me luck!

Anyway, I'm reading this book called Banker to the Poor: Micro-Lending and the Battle Against World Poverty

I'm really enjoying it and thought some of the FT team might be interested too. It gives a really interesting history of micro-lending in Bangladesh and also helps make it more personal--there are a lot of stories of people helped out of poverty by really small loans. For me, these stories really bring new meaning to the lending that we have all been doing.

Last edited by giblet; Apr 6, 10 at 7:54 pm Reason: typo
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Old Mar 16, 10, 7:06 am
  #207  
 
Join Date: Jul 2003
Location: New York, NY USA
Posts: 284
Credits started to come in yesterday. I can add a couple more loans to the FT team.

Statistic Name FlyerTalkers
Number of Team Members 114
Number of Loans 781
Number of Loans per Member 6.85
Total Amount Loaned $24,325.00
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Old Mar 16, 10, 8:36 am
  #208  
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Location: back to my roots in Scotland!
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Posts: 47,845
Hey giblet - good luck with the application! Do let us know how you get on - would be great to get field reports.

I had my first loan problems today. I loaned to a group in Ghana, and inspection of the in-country partner has shown that it's management and control is really poor. So far, I don't think my loan has been impacted, so it looks like Kiva caught the situation before a major problem should develop. And now they are working with the partner to improve the situation.

Nice reminder to keep spreading my loans about though!
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Old Mar 17, 10, 12:05 am
  #209  
Moderator, Hilton Honors
 
Join Date: Nov 2003
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FWIW I've had some loans with the same partner. Some repaid in full & on time, others not yet fully repaid but are on track.

Originally Posted by Jenbel View Post
Nice reminder to keep spreading my loans about though!
Always a good idea.
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Old Mar 17, 10, 6:08 am
  #210  
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, and The Suggestion Box
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Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Maître-plongeur des Muccis
Posts: 60,272
Best of luck to you, giblet!

Muhammad Yunus deserved his Nobel Prize, Grameen Bank led the way, and here we are!

Jenbel, I have made a few loans with partners that didn't quite have wings or in countries where the "fraction of corruption" is high - like Kenya - and in most cases, things have gone well. In one or two, not - but I'll keep on with this because of the positive impact and truly few defaults.

Originally Posted by giblet View Post
Hey Flyertalk lending team!

I'm in the process of completing my Kiva Fellows application (it's a volunteer position with one of the microfinance organizations in a developing country)--wish me luck!

Anyway, I'm reading this book called Banker to the Poor: Micro-Lending and the Battle Against World Poverty

I'm really enjoying it and thought some of the FT team might be interested too. It gives a really interesting history of micro-lending in Bangladesh and also helps make it more personal--there are a lot of stories of people helped out of poverty by really small loans. For me, theese stories really bring new meaning to the lending that we have all been doing.
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