Dec 20, 2015, 4:45 am
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!
Feb 17, 2014, 7:58 am
#1171
A FlyerTalk Posting Legend
Join Date: Oct 2002
Location: back to my roots in Scotland!
Programs: Tamsin - what else is there to say?
Posts: 47,843
Just looking.. it is amazing how the donations eats into capital.
I'm a small value person, giving when I can but recirculating the money a lot. I've deposited $91* - but have $75 left as capital to lend. I need to stop donating
(*i'll top up to $25 when I'm a few dollars short, hence the odd number).
And got my first delinquent loan - fortunately, only going to lose $4 is she doesn't complete the payments - but there are payments showing on the account so I guess it'll work out ok. It's just taken longer than it should.
I'm a small value person, giving when I can but recirculating the money a lot. I've deposited $91* - but have $75 left as capital to lend. I need to stop donating
(*i'll top up to $25 when I'm a few dollars short, hence the odd number).
And got my first delinquent loan - fortunately, only going to lose $4 is she doesn't complete the payments - but there are payments showing on the account so I guess it'll work out ok. It's just taken longer than it should.
Feb 18, 2014, 1:24 am
#1172
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,123
Administering the SMD 1 & 2 donations of 500$ each over the past 4 years I've lost 68$ to delinquents... The auto donation is a pain, I always have to remove the amount.
View Screen Capture
The auto donation is a pain, I always have to remove the amount.View Screen Capture
Mar 21, 2014, 9:42 pm
#1174
Join Date: Aug 2001
Location: SFO
Programs: AC SE, AA EXP MM, UA Gold MM, Hyatt Glob, Marriott Titanium, HH Dia, IHG Plat
Posts: 4,775
Picking a Field Partner?
I'm starting to loan extensively on Kiva, and avoiding field partners with loan defaults and major delinquencies. Some partners with no defaults or delinquencies do however have negative profitability (return on assets). Should I be concerned about losing money on loans in that situation.....or maybe not if it's the possibly deep-pocketed Catholic Relief Services?
May 4, 2014, 8:05 pm
#1175
Senior Moderator and Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,413
436 Team Members
$630,325 Amount Loaned
15,518 Loans
Welcome to all our new members, and go team! ^
May 23, 2014, 11:08 am
#1177
FlyerTalk Evangelist
Join Date: Apr 2009
Location: Bye Delta
Programs: AA EXP, HH Diamond, IHG Plat, Hyatt Plat, Marriott Plat, Nat'l Exec Elite, Avis Presidents Club
Posts: 16,262
May 29, 2014, 10:10 am
#1179
FlyerTalk Evangelist
Join Date: Apr 2009
Location: Bye Delta
Programs: AA EXP, HH Diamond, IHG Plat, Hyatt Plat, Marriott Plat, Nat'l Exec Elite, Avis Presidents Club
Posts: 16,262
Jun 8, 2014, 7:08 am
#1181
A FlyerTalk Posting Legend
Join Date: Jun 2004
Location: Either at the shooting range or anywhere good beer can be found...
Posts: 51,028
My MIL insists on Kiva gift cards for Mother's Day, her birthday, and Christmas. Giving Kiva gift cards is a great present for those who love to give to others, and if they don't know about it, it's a great way to increase the number of donors!
Jun 15, 2014, 10:17 pm
#1182
Senior Moderator and Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,413
+1 ^
Jul 18, 2014, 1:23 pm
#1183
A FlyerTalk Posting Legend
Join Date: Oct 2002
Location: back to my roots in Scotland!
Programs: Tamsin - what else is there to say?
Posts: 47,843
Lots of loans close to expiring, and repayments came through for me today... Check your accounts to see if you can help.
