Dec 20, 15, 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!
May 5, 20, 11:04 am
#1366
A FlyerTalk Posting Legend and Moderator: Manufactured Spending
Join Date: May 2002
Location: YEG
Posts: 55,516
I try and lend to small farmers who may be less likely to default as in checking my stat's just now see a delinquency rate of under 4% in the past 5 years since I joined. Whether that rate rises over the next few months I'll wait and see but so far have no plans to hold off future Kiva loans.
May 18, 20, 9:12 pm
#1367
Join Date: May 2016
Posts: 16
Originally Posted by tcook052
I try and lend to small farmers who may be less likely to default as in checking my stat's just now see a delinquency rate of under 4% in the past 5 years since I joined. Whether that rate rises over the next few months I'll wait and see but so far have no plans to hold off future Kiva loans.
May 21, 20, 7:49 pm
#1368
A FlyerTalk Posting Legend and Moderator: Manufactured Spending
Join Date: May 2002
Location: YEG
Posts: 55,516
Originally Posted by dogeatdog
Well... It is the 18th and the only country that repaid anything is Paraguay. At this rate I will be 100% delinquent by end of summer.
My admittedly small portfolio has seen 1 default in the 2-weeks since my last post but another half dozen in some form of repayment.
Jun 4, 20, 10:30 pm
#1370
Join Date: May 2016
Posts: 16
Originally Posted by sharkey
Over the past 2 months, my delinquent rate has jumped from under 5% to over 50%. This month, I received less than 30% of estimated repayment.
update for June: Same in June. Almost every loan is now delinquent.
Last edited by dogeatdog; Jun 27, 20 at 11:47 am
Jul 24, 20, 11:09 am
#1371
Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,281
Originally Posted by KRSW
We hit $8M today!!! WooHoo!!!
As of 24 July 2020:
1,023 team members
$8,649,425 in loans funded
102,770 loans made
Way to go everyone!
(Personally, cash has gotten a bit tight during pandemic, so I've had to reduce the amount I've been loaning. But I hope to slowly increase my lending as I'm able.)
Jul 25, 20, 5:52 am
#1372
Join Date: Apr 2010
Location: Unio Europaea
Programs: BA GGL, AS, Hertz Cirque Présidentielle
Posts: 1,445
My delinquency rate stands at 7.28 %. So far two Colombian loans have ended in defaults. *knock, knock* The other one was a case I suspect the local partner mishandled and it was written off as them not being able to contact the person. Rrrright... I'm currently thus not borrowing more to Colombia, since I'm not exactly impressed.
Jul 26, 20, 12:10 am
#1373
Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,281
Originally Posted by Flying Yazata
My delinquency rate stands at 7.28 %.
Jul 28, 20, 4:23 pm
#1374
Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 2,341
Overall I'm at: 28.8% delinquent, 0.18% default.
Current loans are:
Total outstanding: 109
Paying Back: 71 (65.13%)
Paying Back Delinquent: 38 (34.86%)
I'm not disappointed. Still a better return than my DAL shares have been this year.
I also have pulled back substantially on my Kiva lending since all of this started. Cash is king in times of uncertainty.
Current loans are:
Total outstanding: 109
Paying Back: 71 (65.13%)
Paying Back Delinquent: 38 (34.86%)
I'm not disappointed. Still a better return than my DAL shares have been this year.
I also have pulled back substantially on my Kiva lending since all of this started. Cash is king in times of uncertainty.
Oct 5, 20, 2:11 pm
#1375
Join Date: Jul 2015
Programs: HH Diamond, HGVC, WN RR, National Exec, Avis Preferred
Posts: 976
I haven't looked at the email account that my KIVA account is tied to in awhile, but logged into KIVA today and saw that I had a few loans that have been repaid and funds available to lend. Other than a $0.45 currency loss, all of my loans have been repaid or are still on schedule. It's a hard time for many, a harder time for some.
Dec 3, 20, 11:42 am
#1377
Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 2,341
I usually post my batting average in January, but given the current world situation I figured I'd update my stats a month early. As I mentioned earlier, in times of uncertainty, cash is king and I had pulled back on my Kiva investing. These stats will reflect that. At the same time, given the current world situation and that many of my loans were to countries with absolutely draconian pandemic restrictions, I don't feel too bad about it.
Started in Dec 2015.
Amount Lent: $19,400
Amount Defaulted: $47.55 (was $22.97 in January 2020)
Amount of Currency Rate Loss: $15.64 (was $0.41 in January 2020)
Total losses: $63.19 (was $23.38 in January)
$63.19/ $18,900 = 0.0032572 or 0.326% (was 0.124% in January 2020)
US inflation for the same time period was 10%. DAL stock price for 2020 is still down 26% YTD. I'm actually up 23% YTD on DAL only due to some heavy buying when it bottomed out.
So, I've made 702 loans, got the chance to help out at least that many people, and earned ~77k UR points for $63.19. Definitely not as "profitable" as previous years, but given what's happening still a good deal.
Defaulted loans: 4 total as of Jan 2020. 6 as of Dec 2020
2015-2019:
1) Total loan was $8050 in Rwanda. $2.05 loss for me. I'm not upset about this one.
2) Total loan was $500, in the Philippines. $12.92 loss for me. Annoyed by this, but still they paid back 74% of the loan, so I can't be too upset.
3) Total loan was $900, in Ghana. $1.75 loss for me. Not upset at this.
4) Total loan was for $1,000 in Lebanon. $6.32 loss for me. Still works out to 74% paid back.
2020:
5) Total loan was for $9,000 in Ecuador. $1.54 loss for me. Arguably, the lowest loss I've had on a loan
6) Total loan was for $6,150 in Paraguay. $7.39 loss for me. Largest loss on a loan to date. Still 70% paid back.
So, easily the "worst" year I've had on Kiva, but I'm not complaining. Currency losses were the big hit this year at $15.64 and I can only blame politicians for that, not the borrowers. Fortunately all of my "old" pre-COVID loans will be fully due by February. For now I'm just making short-term (≤4 mo) loans and all of those will be due by May. Certainly putting in a lot less than I did in previous years. I've not given up on Kiva, but am certainly reading up on countries of lenders before lending. When the waters get a bit more favorable, I'll be going back in full strength.
Started in Dec 2015.
Amount Lent: $19,400
Amount Defaulted: $47.55 (was $22.97 in January 2020)
Amount of Currency Rate Loss: $15.64 (was $0.41 in January 2020)
Total losses: $63.19 (was $23.38 in January)
$63.19/ $18,900 = 0.0032572 or 0.326% (was 0.124% in January 2020)
US inflation for the same time period was 10%. DAL stock price for 2020 is still down 26% YTD. I'm actually up 23% YTD on DAL only due to some heavy buying when it bottomed out.
So, I've made 702 loans, got the chance to help out at least that many people, and earned ~77k UR points for $63.19. Definitely not as "profitable" as previous years, but given what's happening still a good deal.
Defaulted loans: 4 total as of Jan 2020. 6 as of Dec 2020
2015-2019:
1) Total loan was $8050 in Rwanda. $2.05 loss for me. I'm not upset about this one.
2) Total loan was $500, in the Philippines. $12.92 loss for me. Annoyed by this, but still they paid back 74% of the loan, so I can't be too upset.
3) Total loan was $900, in Ghana. $1.75 loss for me. Not upset at this.
4) Total loan was for $1,000 in Lebanon. $6.32 loss for me. Still works out to 74% paid back.
2020:
5) Total loan was for $9,000 in Ecuador. $1.54 loss for me. Arguably, the lowest loss I've had on a loan
6) Total loan was for $6,150 in Paraguay. $7.39 loss for me. Largest loss on a loan to date. Still 70% paid back.
So, easily the "worst" year I've had on Kiva, but I'm not complaining. Currency losses were the big hit this year at $15.64 and I can only blame politicians for that, not the borrowers. Fortunately all of my "old" pre-COVID loans will be fully due by February. For now I'm just making short-term (≤4 mo) loans and all of those will be due by May. Certainly putting in a lot less than I did in previous years. I've not given up on Kiva, but am certainly reading up on countries of lenders before lending. When the waters get a bit more favorable, I'll be going back in full strength.
Dec 10, 20, 10:56 am
#1378
Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,281
I missed it, but we did cross the $9 million mark recently!
As of 10 December 2020:
1,044 team members
$9,123,950 in loans funded
106,283 loans made
As of 10 December 2020:
1,044 team members
$9,123,950 in loans funded
106,283 loans made
Originally Posted by JY1024
The team hit $8MM back in January, so it seems like it's time for another update...
As of 24 July 2020:
1,023 team members
$8,649,425 in loans funded
102,770 loans made
As of 24 July 2020:
1,023 team members
$8,649,425 in loans funded
102,770 loans made
Jan 17, 21, 9:58 pm
#1379
Join Date: Apr 2005
Location: Cambridge, MA
Programs: AAdvantage EXP
Posts: 271
I almost had my first default. Got an email on Jan 12th that the last 50 cents of a loan to Tanzania had defaulted. I thought it was a little strange at the time because the final payment had only been due on Jan 1st, so it seemed awfully quick to give up hope. Well, today, that last 50 cents was paid. Maybe they meant to default a different loan and clicked the wrong button? Anyway, I'm glad to be back to 0% default, although in my mind, I've already written off the $1.55 from Lebanon that was due back in July 2019 and is still listed as delinquent.
