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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 May 5, 20, 11:04 am
  #1366  
A FlyerTalk Posting Legend and Moderator: Air Canada Aeroplan, Canada & Manufactured Spending
 
Join Date: May 2002
Location: YEG
Posts: 50,000
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.
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Old May 18, 20, 9:12 pm
  #1367  
 
Join Date: May 2016
Posts: 7
Originally Posted by tcook052 View Post
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.
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.
dogeatdog is offline  
Old May 21, 20, 7:49 pm
  #1368  
A FlyerTalk Posting Legend and Moderator: Air Canada Aeroplan, Canada & Manufactured Spending
 
Join Date: May 2002
Location: YEG
Posts: 50,000
Originally Posted by dogeatdog View Post
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.
Sorry to hear that.

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.
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