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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
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
 
Last edit by: wilsnunn
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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 Nov 15, 21, 6:12 pm
  #1396  
 
Join Date: Mar 2004
Location: chicago
Posts: 148
Angry

Originally Posted by sharkey View Post
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 the same email today. it was after paypal refused to issue me a paper check and insisted i link a debit card or bank account to transfer the money this way.

Seems like a money-grab by paypal. they like to freeze accounts and such, no matter how long your account has been open or for whatever reason they decide
Madinat is offline  
Old Nov 22, 21, 11:33 pm
  #1397  
 
Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 2,231
Originally Posted by Madinat View Post
I got the same email today. it was after paypal refused to issue me a paper check and insisted i link a debit card or bank account to transfer the money this way.

Seems like a money-grab by paypal. they like to freeze accounts and such, no matter how long your account has been open or for whatever reason they decide
As much as I have no love for PayPal at all, you can blame the bozos in DC for this crap. Those 87,000(!) new IRS employees need something to do.
KRSW is offline  
Old Dec 24, 21, 4:42 pm
  #1398  
 
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 237
I saw this report on Doctor of Credit this week:"A major under-reported facet of the massive $1.9 stimulus bill (round 3) is that it strengthens requirements on payment processors like Paypal to report on income received through their platforms

Beginning on January 1, 2022, third party payment processors will have to report any income for goods or services exceeding $600 during the calendar year on a form 1099-K. Previously, processors only had to report this income if it was BOTH: (a) $20,000 or more during the calendar year, and (b) 200 transactions or more. This allowed most smaller stuff (like Topcashback, Ebates, PFS, Swagbucks payments) to go unreported."

https://www.doctorofcredit.com/stimu...99-k-tax-form/

I am concerned that I will get a 1099 for all of my Kiva to Pay Pal transfers starting in 2022.
KRSW likes this.
sharkey is offline  
Old Dec 31, 21, 8:59 pm
  #1399  
Moderator: American AAdvantage & TravelBuzz
 
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,239
I've been dealing with PayPal 1099s off and on for several years now. Had some hiccups 3-4 years ago when they tried to report it as "income" - but got PayPal to reissue the form and resolved the issue. I'm not even sure I got a 1099 from them the last year or two...

PS - almost midnight here on US East Coast...looks like we'll be ending the year around:
1.083 team members
$10,793,195 funded
122,698 loans

Last edited by JY1024; Dec 31, 21 at 9:07 pm Reason: Update with stats
JY1024 is offline  
Old Mar 28, 22, 1:43 am
  #1400  
 
Join Date: Oct 2017
Posts: 1
Kiva's CEO made $787K in 2020.
SandNerd is offline  
Old Aug 2, 22, 6:18 pm
  #1401  
Moderator: American AAdvantage & TravelBuzz
 
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,239
Whelp, it's been a while, so might as well post an arbitrary update.

As of 2 August 2022:
1,138 team members
$11,667,185 in loans funded
133,742 loans made
JY1024 is offline  
Old Aug 24, 22, 4:06 pm
  #1402  
 
Join Date: May 2016
Posts: 15
Am I the first person here banned by KIVA?

Did 110K in loans in 5 years. You would think they need interest-free money, but I guess not.
volkswankin likes this.
dogeatdog is offline  
Old Aug 26, 22, 3:53 pm
  #1403  
Moderator: American AAdvantage & TravelBuzz
 
Join Date: Nov 2007
Location: BOS
Programs: AA EXP, Marriott Titanium
Posts: 10,239
Originally Posted by dogeatdog View Post
Am I the first person here banned by KIVA?

Did 110K in loans in 5 years. You would think they need interest-free money, but I guess not.
What reason did they give (if any)?
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JY1024 is offline  
Old Sep 10, 22, 1:26 pm
  #1404  
 
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 237
Update:
I didn’t receive a tax form from PP last year. Withdrawals of > 10,000.

My default rate is less than 0.5%. Delinquency has also improved dramatically.
great way to use OM/OD/ST GC.
sharkey is offline  
Old Sep 10, 22, 1:31 pm
  #1405  
 
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 237
Can you give more information?
Did you get a email? Are they still allowing withdrawals of repayments?
More details please.
sharkey is offline  
Old Sep 10, 22, 1:33 pm
  #1406  
 
Join Date: Feb 2005
Location: milwaukee
Programs: DL Diamond, HH Diamond, Marriott Platinum
Posts: 237
Originally Posted by dogeatdog View Post
Am I the first person here banned by KIVA?

Did 110K in loans in 5 years. You would think they need interest-free money, but I guess not.
sorry, I didnt quote correctly.
sharkey is offline  

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