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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 Oct 3, 09, 10:41 am
  #121  
Moderator: American AAdvantage, 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: 60,340
Yeah! All work and no play makes Alysia a dull... well, you get the diea! Too bad we can't get miles or points from microlending - but there are some nice psychological benefits, as we see our borrowers succeed, particularly when we read about difficulties in some of those lands or we have traveled through there ourselves. A hearty Welcome! from another small businessperson.

Originally Posted by Alysia View Post
Okay, I'm trying this out. I joined and made my first micro-loan today. Small business loans hit close to home for me, as I started a business over a year ago. I use my credit cards to short term finance (till the credit card bill due dates) my huge up front costs, as I outlay money up front for expenses & then receive payment anywhere from a week to a month later. (Of course, I also like getting all the points & miles from all the credit card expenditures.)
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Old Oct 3, 09, 11:41 am
  #122  
 
Join Date: May 2009
Location: REP/LHR
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Originally Posted by JDiver View Post
Too bad we can't get miles or points from microlending
I pay my PayPal with my Citi AAdvantage card so you can get a few miles in addition to the warm fuzzies

Last edited by giblet; Oct 3, 09 at 11:52 am
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Old Oct 3, 09, 3:54 pm
  #123  
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Location: back to my roots in Scotland!
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Posts: 47,845
And I use my BA Amex so it also counts for my spend on my 241
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Old Oct 3, 09, 10:25 pm
  #124  
 
Join Date: May 2004
Location: LAX
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Posts: 355
Just added my Kiva account to the FT group - Kiva is a great idea and organization!
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Old Oct 13, 09, 1:36 pm
  #125  
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, and The Suggestion Box
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Location: NorCal - SMF area
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Posts: 60,340
Movin' right along...

Statistic Name FlyerTalkers
Number of Team Members 82
Number of Loans 384
Number of Loans per Member 4.68
Total Amount Loaned $11,925.00

Tommy777 will be raffling off iPod touch, a set Bose QC3 and a TravelPro carry on on the three charter flights heading to the MegaDo in Germany November 5, with the proceeds going to Kiva - if you are there, buy tickets!

And, wharvey added Kiva to the Secret Santa list...

We ought to do a little push for the holidays, which we share with many others, and see if we can reach - $15,000! by the end of 2009. Anyone game?

Last edited by JDiver; Oct 13, 09 at 1:45 pm Reason: add a bit
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Old Oct 15, 09, 7:08 pm
  #126  
 
Join Date: Jul 2003
Location: New York, NY USA
Posts: 284
Credits have started to come in for October - I have enough to add some more loans to the flyertalk team The credits are coming in alphabetically by field partner - they seem to be up to O.
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Old Oct 16, 09, 12:39 am
  #127  
 
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 all,

With my credits for the month, I was able to add two more loans to the team. Ghana got my attention this month.

Cheers,

GenevaFlyer
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Old Oct 22, 09, 3:48 pm
  #128  
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Join Date: Dec 2004
Location: Sacramento
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Originally Posted by JDiver View Post

Tommy777 will be raffling off iPod touch, a set Bose QC3 and a TravelPro carry on on the three charter flights heading to the MegaDo in Germany November 5, with the proceeds going to Kiva - if you are there, buy tickets!
http://www.flyertalk.com/forum/12691720-post1594.html
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Old Oct 22, 09, 3:55 pm
  #129  
 
Join Date: Feb 2001
Programs: UA 1k, AA Plt, MR Lifetime Plat & Amb (earned in SPG)
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I found the flyertalkers team just from poking around on Kiva. I should have seen it here!
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Old Oct 22, 09, 5:22 pm
  #130  
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Originally Posted by Dudemon View Post
I found the flyertalkers team just from poking around on Kiva. I should have seen it here!
Welcome to FT Kiva team
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Old Oct 22, 09, 10:01 pm
  #131  
 
Join Date: Dec 2007
Location: Body in Downtown YYZ, heart and mind elsewhere
Programs: UA 50K, refugee from AC E50K.
Posts: 4,922
Just made 5 new loans today! Out of all the loans I have on the go, it looks like only 1 will not be repaid; the rest are nicely on track for full repayment.

I was curious about my one delinquent loan so I clicked the link for the local field organization. Here's what I found:

"[Organization's] current high delinquency is the result of difficulties in transferring funds out of [Country]. The organization is working with the State Bank of [Country] to sort out this issue and is providing regular updates to Kiva on its progress. Kiva will be sure to update this page as we learn more, and all funds received from [Organization] will be applied to delinquent loans upon receipt."

While I couldn't care less about the actual $$$ that's been loaned out, it would be nice to see if the group of ladies I made the loan to have been able to repay. It's really just a case of personal interest to see if they're doing OK. I was thinking of politely emailing the local organization to find out. Has anyone ever done this before?

Last edited by RCyyz; Oct 22, 09 at 10:17 pm
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Old Oct 22, 09, 10:46 pm
  #132  
 
Join Date: Dec 2004
Location: SFO/OAK
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Thanks for the info

Hadn't heard of this before the Star MegaDo -- joined the team and made four loans - merchandise and bulls <grin>. Has anyone here ever met any of the loan recipients?
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Old Oct 22, 09, 11:10 pm
  #133  
 
Join Date: Apr 2007
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HI RCyyz,

Originally Posted by RCyyz View Post
While I couldn't care less about the actual $$$ that's been loaned out, it would be nice to see if the group of ladies I made the loan to have been able to repay. It's really just a case of personal interest to see if they're doing OK. I was thinking of politely emailing the local organization to find out. Has anyone ever done this before?
If you go to your loan, scroll to the bottom, you will see the state of the loan. Click on Advanced, and you will get more detail, including whether the borrowers are paying back to the local organization.

I'm in a similar situation with a loan in Ghana, where my borrower is paying back on time, but the local organization has a very high delinquency percentage and is not paying back Kiva.

Cheers,

GenevaFlyer
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Old Oct 23, 09, 7:29 am
  #134  
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: 60,340
Welcome!

I have had trouble with one organization in Ecuador - they seem to have inflated the loans and kept excessive funds for their operating overhead, without passing money to lenders. Kiva is responsibly (IMO) following up, dropping the partner and initiating legal proceedings against them.

Nonetheless, most of my loans have done quite well, and I re-lent $175 yesterday.

FlyerTalkers
Number of Team Members 88
Number of Loans 431
Number of Loans per Member 4.90
Total Amount Loaned $13,175.00

I feel very proud to be a member of this community!
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Old Oct 23, 09, 7:43 am
  #135  
 
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Originally Posted by Bonnerbl View Post
Hadn't heard of this before the Star MegaDo -- joined the team and made four loans - merchandise and bulls <grin>. Has anyone here ever met any of the loan recipients?
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