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Kiva is matching loans for first time donors

58 pointsby ByteMuseover 13 years ago

4 comments

waitwhatover 13 years ago
Something people should be more aware of regarding Kiva...<p>Ignore the pictures of the people you are purportedly lending to, their projects, and even their country. That is pure marketing.<p>If you read the small-print <a href="http://www.kiva.org/about/how/even-more" rel="nofollow">http://www.kiva.org/about/how/even-more</a> you will see that you aren't lending to these people at all, but actually making zero-interest, low-risk, short-term loans to micro-finance institutions. (That said, I do have a couple of hundred dollars in Kiva myself.)
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clloydover 13 years ago
If they have faith in the system, then surely this should cost them next to nothing as everything should be repaid? (Although I'm naive on the accounting of things like this.)<p>Great idea though, never lost a $1 through kiva lending.
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eekfuhover 13 years ago
Brilliant idea. (i just did my first loan with the matching loan.)
cjg_over 13 years ago
A few months ago you could do a trial $25 loan with their money. Guess matching loans is better though.