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FlyerTalker Lending Team on Kiva.org!

FlyerTalker Lending Team on Kiva.org!

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Old Jun 29, 19, 11:18 pm   -   Wikipost
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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 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
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Old Sep 29, 18, 5:21 pm
  #1321  
Moderator: American AAdvantage, TAP, Mexico, Technical Support and Feedback, and The Suggestion Box
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Join Date: May 2000
Location: NorCal - SMF area
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Posts: 62,952
Originally Posted by GNRMatt View Post
I just made my first donation through here...great way to give back!
Welcome to the team!
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Old Oct 1, 18, 10:14 am
  #1322  
Moderator: American AAdvantage, TAP, 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: 62,952
I think we can, I think we can... hit $5 million dollars lent by our team by the end of this year! For now 1 Oct 2018 0900 Pacific)

Impact

863 TEAM MEMBERS

$4,950,775 AMOUNT FUNDED

58,566 LOANS

67.9 LOANS PER MEMBER

Rankings Across All Teams

#9 for Amount Funded (Last Month)

Rankings In Common Interest Category

#8 for Amount Funded (All Time)
#8 for Amount Funded (This Month)
#5 for Amount Funded (Last Month)
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Old Oct 4, 18, 12:29 pm
  #1323  
 
Join Date: Oct 2015
Location: BOS, PVD, HYA
Programs: MR, TYP, AA, B6, DL, WN, HH, MB, 2V
Posts: 656
#8 funded all time, awesome! Wonder which teams are ahead of us and by how much...
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Old Oct 5, 18, 11:41 am
  #1324  
Moderator: American AAdvantage, TAP, Mexico, Technical Support and Feedback, and The Suggestion Box
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Join Date: May 2000
Location: NorCal - SMF area
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Originally Posted by financialhippie View Post
#8 funded all time, awesome! Wonder which teams are ahead of us and by how much...
Link
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Old Oct 14, 18, 8:28 pm
  #1325  
Moderator: American AAdvantage, TAP, 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: 62,952
And, we’ve hit it, fellow team members! What a wonderful effort.

870 team members

58,886 loans

$5,033,100 lent
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Old Oct 23, 18, 3:46 pm
  #1326  
 
Join Date: Jan 2017
Programs: Delta Platinum, SPG platinum, UA, AA, American, Marriott, Hilton,
Posts: 1
kiva is a wonderful program
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Old Nov 2, 18, 3:35 pm
  #1327  
 
Join Date: Jan 2013
Posts: 42
Wow! Such a great program! I just joined, now I have to learn more about it. Seems we are in the group, but selecting individually to whom we each loan money? What a fun and rewarding program! Thanks for sharing (and for having the link in your signature, @JDiver !
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Old Nov 2, 18, 4:21 pm
  #1328  
FlyerTalk Evangelist
 
Join Date: Apr 2001
Location: MEL CHC
Posts: 18,876
Originally Posted by gypsyardor View Post
Wow! Such a great program! I just joined, now I have to learn more about it. Seems we are in the group, but selecting individually to whom we each loan money? What a fun and rewarding program! Thanks for sharing (and for having the link in your signature, @JDiver !
I always add to a raising funds FT loan
Link--->https://www.kiva.org/team/flyertalke...us=fundRaising
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Old Nov 2, 18, 11:32 pm
  #1329  
Moderator: American AAdvantage, TAP, 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: 62,952
Originally Posted by gypsyardor View Post
Wow! Such a great program! I just joined, now I have to learn more about it. Seems we are in the group, but selecting individually to whom we each loan money? What a fun and rewarding program! Thanks for sharing (and for having the link in your signature, @JDiver !
Thank you!

Yes, we’re a team (think “herding cats”) who lend or very individual reasons, and have a lot of fun doing it.

For me it makes much more sense than struggling to sort out requests for handouts on the streets, etc. And with over $5 million to date (mind boggling) a lot of FTers are quietly making differences in people’s lives around the world).
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Old Jan 8, 19, 11:08 pm
  #1330  
Moderator: American AAdvantage & TravelBuzz
 
Join Date: Nov 2007
Location: BOS
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Posts: 10,227
Happy new year!! :-:

Figure I’d use this as an opportunity/excuse to update the forum with our current stats:

885 team members

$5,321,425 in loans funded

62,918 loans made

Amazing work everyone! ^
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Old Jan 9, 19, 9:44 am
  #1331  
 
Join Date: Jul 2015
Programs: HH Diamond, HGVC, WN RR, National Exec, Avis Preferred
Posts: 922
Just stumbled upon this while reading another thread. Signed up today and joined FlyerTalk team. Great works!!!
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Old Jan 23, 19, 2:18 pm
  #1332  
 
Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 2,227
It's been ~8 months or so since my last stats, so I'll update them for those thinking about getting involved with Kiva and those currently participating:

Started in Dec 2015.
Amount Lent: $12,150
Amount Defaulted: $14.90
Amount of Currency Rate Loss: $0.41
Total losses: $15.31
$15.31 / $12,150 = 0.0012600823 or 0.126%.

US inflation for the same time period was 6.22%.

So, I've made 432 loans, got the chance to help out at least that many people, and earned ~48k UR points for $15.31. Not as great of an average as before, but still one heck of a deal. I would have liked to hit Kiva a bit harder during this time period, but life gets in the way at times. Hoping to do much more this year.

Defaulted loans: 2 total.
1) $25. Total loan was $8050 in Rwanda. Debtor paid back $22.95, thus $2.05 loss. I'm not upset about this one.
2) $50. Total loan was $500, in the Philippines. Debtor paid back $37.08, thus $12.92 loss. Annoyed by this, but still they paid back 74% of the loan, so I can't be too upset.
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Old Mar 3, 19, 10:14 pm
  #1333  
 
Join Date: Jan 2010
Location: Body in the CLE, soul still in New England
Programs: In 2022? Does it matter? SPG/Marriott: Plat; DL: Plat; B6: Mosaic
Posts: 2,580
Thank you for starting this. Just made my first loan to my favorite country (and home base during my PeaceCorps stint), Senegal!

EDIT: As someone who used to work in the nonprofit sector, many grants and loans given to the nonprofit have stipulations attached. Many stipulations limited the % or $ of money that can be used for operating expenses. Which can be effective in preventing boondoggles or rampant misuse of funds. However, it can also cause massive operating budget shortfalls, forcing non profits to cut back on salaries, office space, supplies, IT infrastructure, advertising, you name it. Particularly the salaries, which can be quite awful and prevent more folks from pitching in to help others. Please do think about this when you are placing the loan. One way to get a somewhat independent view of the success of the nonprofit is thru Charity Navigator, found here

Whoah. I just saw the amount of $$$ they are paying their founders. Look at page 48 of their tax returns. On one hand, I am glad they are paying industry wages for leadership. Bad news is that their COO and President are making about double their CIO and Development Officers (and we are funding these salaries). I'm on the fence about this. Two $300k comp packages seem to be pretty darn good sized compensation for a $28M corporation. Not sure how I feel about this.

Kiva - Tax Returns
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Last edited by navi_jen; Mar 3, 19 at 10:38 pm
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Old Mar 4, 19, 9:44 am
  #1334  
Moderator: American AAdvantage, TAP, Mexico, Technical Support and Feedback, and The Suggestion Box
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Posts: 62,952
navi-jen, those are interesting points; I’ve thought about those too.

In my opinion, these high compensation packages are likely necessary in San Francisco and the Silicon Valley Area to attract and retain high quality management. (I have both a background with the nonprofit sector and connections to the extended Bay Area, and the elevated cost of living is a serious problem for area dwellers and companies. Even those who commute are finding affordable housing is much farther away these days, and commuter transportation isn’t really adequate.)

...according to the Council for Community and Economic Research, the total cost of living in San Francisco is 62.6% higher than the U.S. average—and housing is nearly three times more expensive than in other U.S. cities.

Link to SmartAsset: What is the True Cost of Living in San Francisco? By Nick Wallace AUG 20, 2018
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Old Mar 4, 19, 5:38 pm
  #1335  
 
Join Date: Jan 2010
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Originally Posted by JDiver View Post
navi-jen, those are interesting points; I’ve thought about those too.

In my opinion, these high compensation packages are likely necessary in San Francisco and the Silicon Valley Area to attract and retain high quality management. (I have both a background with the nonprofit sector and connections to the extended Bay Area, and the elevated cost of living is a serious problem for area dwellers and companies. Even those who commute are finding affordable housing is much farther away these days, and commuter transportation isn’t really adequate.)
J, that's why I am on the fence. When I returned from the PeaceCorps, I worked in non-profits in Boston. And trying to live on that paycheck was appalling. I was THIS close to getting my MBA in non-profit mgmt at BU, but I hated the idea of MCATs. And I remember when the head of the AIDS rides was ridden out of business because he dared pay for-profit salaries for his people ($$$ attracts talent). Which, at the time, I HATED as I felt like it was a heck of a great charity that did amazing work (I rode for 3 years and volunteered a 4th). And I've ridden and volunteered for the PanMass Challenge too. Basically I've been around nonprofits a long time.

And I can only imagine this issue is quadrupled in the Bay Area. But why not move to a somewhat lower cost location so that they can continue to attract talent but send more money overseas? Heck, even Chicago. Trust me, it's not an easy question to answer (and there is no right answer). IMHO, it is a bit unusual to see such disparity between top leadership and their lieutenants. But, transparency is everything. As long as everyone can access the information (which is why I posted it as some folks don't know salaries are in the returns), then I'm okay with it...Sunshine is the ultimate disinfectant.
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