Last edit by: wilsnunn
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.improving lives a small loan at a time.
"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.)
As of 15 May 2016 it was 607 FlyerTalk lending team who have lent $2,209,175 in 37,092 loans! And now as of 30 June 2019 it is 941 members who have lent $6,415,775 in 71,722 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
FlyerTalker Lending Team on Kiva.org!
#256
FlyerTalk Evangelist
Join Date: Apr 2001
Location: MEL CHC
Posts: 20,920
Statistic Name FlyerTalkers
Number of Team Members 126
Number of Loans 987
Number of Loans per Member 7.8
Total Amount Loaned $30,025
FT Team on Kiva. FT loans here including some still raising funds
Subscribe to this thread using thread tools (top of the page). Or just click here: Subscribe to FlyerTalker Lending Team on Kiva.org
Number of Team Members 126
Number of Loans 987
Number of Loans per Member 7.8
Total Amount Loaned $30,025
FT Team on Kiva. FT loans here including some still raising funds
Subscribe to this thread using thread tools (top of the page). Or just click here: Subscribe to FlyerTalker Lending Team on Kiva.org
Last edited by Mwenenzi; Apr 28, 2010 at 3:27 am
#259
Join Date: Apr 2007
Location: AMS
Programs: A number, but no status no more
Posts: 3,049
Woo hoo!
I've just made the 1'000th loan for the team! Go FlyerTalk!
Number of Team Members 128
Number of Loans 1000
Number of Loans per Member 7.8
Total Amount Loaned $30,675
Cheers,
GenevaFlyer
I've just made the 1'000th loan for the team! Go FlyerTalk!
Number of Team Members 128
Number of Loans 1000
Number of Loans per Member 7.8
Total Amount Loaned $30,675
Cheers,
GenevaFlyer
#260
FlyerTalk Evangelist
Join Date: Nov 2005
Location: Phoenix, AZ
Programs: AA Gold AAdvantage Elite, Rapids Reward
Posts: 38,293
#261
Moderator: American AAdvantage
Original Poster
Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Matre-plongeur des Muccis
Posts: 62,948
N830MH, you are right, of course. In the meantime, I think it's terrific our team has made 1'000 loans, exceeding $30,000!
#264
A FlyerTalk Posting Legend
Join Date: Jul 2003
Location: Yiron, Israel
Programs: Bates Motel Plat
Posts: 68,904
I just stumbled upon this thread and found it to be very interesting. I am still trying to go through so many posts. Can someone explain to me the risk factor. What are the chances that you will lose money. What if the lender defaults? How are you paid back such bad loans?
Of course, you can reduce the risk by making smaller loans. If I had made 4 loans at $25 each I would have spread out the risk and, in the worst case, loss less than the price of a carton of cigarettes.
#265
In Memoriam, FlyerTalk Evangelist
Join Date: Nov 2002
Location: Southern California
Programs: DL: 3.8 MM, Marriott: Lifetime Titanium
Posts: 24,575
And the truth of the matter is that I don't really care if I get all my money back. As with most donations, it's usually a one-way street. Money goes one direction and hardly ever returns. And that's cool.
As I get money back from my Kiva donations, I re-lend it quickly.
Last edited by Cholula; May 2, 2010 at 7:57 pm Reason: typo
#266
Join Date: Apr 2007
Location: AMS
Programs: A number, but no status no more
Posts: 3,049
I just stumbled upon this thread and found it to be very interesting. I am still trying to go through so many posts. Can someone explain to me the risk factor. What are the chances that you will lose money. What if the lender defaults? How are you paid back such bad loans?
You can choose to limit your risk by selecting your loans:
- Some field partners cover currency exchange losses
- Some field partners offer default protection
- Check out the stats for the field partners, and select a 4-5 star partner
Cheers,
GenevaFlyer
#267
Join Date: Dec 2007
Location: Body in Downtown YYZ, heart and mind elsewhere
Programs: UA 50K, refugee from AC E50K, Marriott Lifetime Plat
Posts: 5,131
I don't know if I've lost anything on currency fluctuations. I actually don't care if I have - I'm not in this as a profit making venture. Anything repaid is quickly re-loaned anyway. I have no intention of ever recovering the principle I've put up for this.
Like GenevaFlyer I have 1 loan with country partner issues. The loan is being repaid, albeit incredibly slowly. Anyway, it's not like I care about the $25. I am greatly more concerned about the group of ladies who were (theoretically) the recipients of this loan. I wish I could find out how they're doing.
Like GenevaFlyer I have 1 loan with country partner issues. The loan is being repaid, albeit incredibly slowly. Anyway, it's not like I care about the $25. I am greatly more concerned about the group of ladies who were (theoretically) the recipients of this loan. I wish I could find out how they're doing.
#268
Join Date: Apr 2007
Location: AMS
Programs: A number, but no status no more
Posts: 3,049
Hi RCyyz,
Did you check on the loan repayment details (click on "Show Advanced")? This will show you whether your group has been repaying to the field partner or not. In my case, I could see that my borrower had repaid her loan in full to the field partner, it's just the field partner who is/was having a spell of bad loans.
And like you, I don't indeed care if I lose the occasional bit, and just keep relending the funds I have in there.
Cheers,
GenevaFlyer
And like you, I don't indeed care if I lose the occasional bit, and just keep relending the funds I have in there.
Cheers,
GenevaFlyer
#269
Join Date: Sep 2008
Location: ORD,MDW,MKE
Programs: AA 1MM EXP 2015, SPG Gold, PC Plat, HH Diamond Marriott Silver Alamo Budget Hertz
Posts: 305
I don't know if I've lost anything on currency fluctuations. I actually don't care if I have - I'm not in this as a profit making venture. Anything repaid is quickly re-loaned anyway. I have no intention of ever recovering the principle I've put up for this.
Like GenevaFlyer I have 1 loan with country partner issues. The loan is being repaid, albeit incredibly slowly. Anyway, it's not like I care about the $25. I am greatly more concerned about the group of ladies who were (theoretically) the recipients of this loan. I wish I could find out how they're doing.
Like GenevaFlyer I have 1 loan with country partner issues. The loan is being repaid, albeit incredibly slowly. Anyway, it's not like I care about the $25. I am greatly more concerned about the group of ladies who were (theoretically) the recipients of this loan. I wish I could find out how they're doing.
I have done a lot of my loans to Ukraine Azer Leb and the Central Southern Americas...MR and an extended counrty stay might be sort of interesting.
#270
Join Date: Sep 2008
Location: ORD,MDW,MKE
Programs: AA 1MM EXP 2015, SPG Gold, PC Plat, HH Diamond Marriott Silver Alamo Budget Hertz
Posts: 305
FFcc and Paypal chrun
Of the people cycling money with FFcc's to Paypal then to your bank, what is the average amount you are doing on a cycle. It seems to me if you are churning a $1000 to 2000 a month you could easily end up with some type of reward ticket a year.
I am stll mid way thru my inital cycle of 100$ to see the timing so as not to have a large amount hanging on the CC to draw a finance charge.
Any other crafty ideas welcomed
Thanks Angust.
I am stll mid way thru my inital cycle of 100$ to see the timing so as not to have a large amount hanging on the CC to draw a finance charge.
Any other crafty ideas welcomed
Thanks Angust.