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 2, 2021 | 12:06 am
#1381
Senior Moderator and Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,673
My delinquency rate is still sitting quite high at 64.65%, but it's come down a bit since start of pandemic. Haven't seen any recent defaults and just some slight currency conversion loss - but I suspect I'll start to see the effects on the pandemic start to hit defaults later this year.
I've unfortunately still had to keep my Kiva portfolio slightly reduced due to cash constraints on my end, but doing my best to still put in a little each month as I'm able.
I've unfortunately still had to keep my Kiva portfolio slightly reduced due to cash constraints on my end, but doing my best to still put in a little each month as I'm able.
Feb 25, 2021 | 8:22 am
#1382
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 242
Update:
my delinquency rate is back to < 1%
However, I had a couple of loans (partial) default with a loss of 0.4 %.
I have also had many small currency losses from Paraguay, which have a combined loss of 0.6%.
Total loss of 1% in a pandemic year, not bad.
my delinquency rate is back to < 1%
However, I had a couple of loans (partial) default with a loss of 0.4 %.
I have also had many small currency losses from Paraguay, which have a combined loss of 0.6%.
Total loss of 1% in a pandemic year, not bad.
Last edited by sharkey; Mar 4, 2021 at 7:45 pm Reason: TYPO
Mar 18, 2021 | 10:18 pm
#1384
Senior Moderator and Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,673
We've crossed $9.5 million...and looks like we may be on-track to cross the $10MM mark around mid-year!
As of 19 March 2021:
1,056 team members
$9,546,345 in loans funded
108,093 loans made
As of 19 March 2021:
1,056 team members
$9,546,345 in loans funded
108,093 loans made
Mar 28, 2021 | 11:51 am
#1385
Join Date: Aug 2001
Posts: 1,359
I joined Kiva in 2010 when my son opened an account for me as a birthday present. I have enjoyed "playing" with Kiva regularly since then. Every time I have a $25 balance in the account, I re-lend. Unfortunately, the original amount has lost 1/3 of its value. When it drops to 50%, I'll add my own money to bump it up to its original value.
It makes me think I did something right as a parent due to some of my son's imaginative and caring gifts. I even "own" a stretch of water pipe somewhere in Africa due to another one of his contributions.
It makes me think I did something right as a parent due to some of my son's imaginative and caring gifts. I even "own" a stretch of water pipe somewhere in Africa due to another one of his contributions.
Jul 7, 2021 | 3:54 pm
#1388
Join Date: Nov 2007
Location: Phoenix, AZ
Programs: WN A-List, Marriott Tit
Posts: 259
Jul 7, 2021 | 4:32 pm
#1389
Join Date: Jun 2011
Location: San Diego, CA
Programs: Yes.
Posts: 533
Jul 10, 2021 | 9:14 pm
#1390
Senior Moderator and Moderator: American AAdvantage & TravelBuzz
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,673
Indeed - welcome, econjon !
Looks like our loan rate has slowed down a bit...certainly understandable given all the uncertainty in the world. Looks like we're just shy of $9.8 MM. Just give us a few more months!
Sep 7, 2021 | 9:42 am
#1391
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 242
I have been lending to Kiva for the last few years, getting back (most) of my money via pay pal.
I got an email from pay pal asking for my tax ID.
"The IRS will soon require anyone receiving $600 in payments for goods and services to confirm their taxpayer status. As someone who's received payments through PayPal, you'll need to confirm your taxpayer status by providing your Tax ID Number to meet the requirement"
"if needed based on the amounts you've received, we will use the information you've provided to send you a Form-1099-K in January"
Anyone else received this?
I got an email from pay pal asking for my tax ID.
"The IRS will soon require anyone receiving $600 in payments for goods and services to confirm their taxpayer status. As someone who's received payments through PayPal, you'll need to confirm your taxpayer status by providing your Tax ID Number to meet the requirement"
"if needed based on the amounts you've received, we will use the information you've provided to send you a Form-1099-K in January"
Anyone else received this?
Sep 7, 2021 | 9:59 am
#1392
FlyerTalk Evangelist
Join Date: Mar 2014
Location: 4me
Posts: 12,069
I have been lending to Kiva for the last few years, getting back (most) of my money via pay pal.
I got an email from pay pal asking for my tax ID.
"The IRS will soon require anyone receiving $600 in payments for goods and services to confirm their taxpayer status. As someone who's received payments through PayPal, you'll need to confirm your taxpayer status by providing your Tax ID Number to meet the requirement"
"if needed based on the amounts you've received, we will use the information you've provided to send you a Form-1099-K in January"
Anyone else received this?
I got an email from pay pal asking for my tax ID.
"The IRS will soon require anyone receiving $600 in payments for goods and services to confirm their taxpayer status. As someone who's received payments through PayPal, you'll need to confirm your taxpayer status by providing your Tax ID Number to meet the requirement"
"if needed based on the amounts you've received, we will use the information you've provided to send you a Form-1099-K in January"
Anyone else received this?
Sep 7, 2021 | 2:12 pm
#1393
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 242
I logged directly in to my account via paypal.com, not via the email. This is the message in my inbox:
"Confirm your taxpayer status by adding your Tax ID Number. This will allow you to meet the new IRS requirement and avoid any disruption to your PayPal account."
"Confirm your taxpayer status by adding your Tax ID Number. This will allow you to meet the new IRS requirement and avoid any disruption to your PayPal account."
Sep 29, 2021 | 2:03 pm
#1394
Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 2,876
1000 members / $10M milestone
Congrats all!
We've done it. Not sure when we did it, but I just checked today and as of 9/29/21:
1,083 members
$10,032,345 funded
108.5 loans per member.
I'm pretty sure we are #1 in terms of loans per member. You points hounds, you!
As a reminder, the Chase Freedom calendar switches next month with Paypal being one of the 5% categories. Plan accordingly.
We've done it. Not sure when we did it, but I just checked today and as of 9/29/21:
1,083 members
$10,032,345 funded
108.5 loans per member.
I'm pretty sure we are #1 in terms of loans per member. You points hounds, you!
As a reminder, the Chase Freedom calendar switches next month with Paypal being one of the 5% categories. Plan accordingly.
Oct 6, 2021 | 10:34 am
#1395
Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 2,876
Wow... we really are points hounds... Only the 6th of the month and we're at ~$100k for the month and the top team in Kiva for the month.
I see that the loans I usually take have been all snatched up already. Not a bad thing. Still plenty of other good ones available 'though. Congrats gang!
I see that the loans I usually take have been all snatched up already. Not a bad thing. Still plenty of other good ones available 'though. Congrats gang!