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Anyone loan on kiva.org

Discussion in 'Fred's House of Pancakes' started by burritos, Oct 18, 2007.

  1. burritos

    burritos Senior Member

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    Sorry, this isn't a plug or spam. I read about it in the business section in the LA times. It's an organization that allows individuals to loan money to people in third world countries who are trying to start a business. $650 is the average amount of money needed, but you can loan as little as $25. It's not a donation. Nor is it a investment. Well at least not one where you'll make money. The money is paid back. The default rate is .3%. You get to monitor the progress online.

    Just wondering if anyone has any experience with this?
     
    #1 burritos, Oct 18, 2007
  2. darelldd

    darelldd Prius is our Gas Guzzler

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    Yup. Not only have I done it, my daughter is going to a birthday party this weekend where gifts are refused, and her friend is asking for money to loan through this system.
     
    #2 darelldd, Oct 18, 2007
  3. burritos

    burritos Senior Member

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    <div class='quotetop'>QUOTE(darelldd @ Oct 18 2007, 11:50 AM) [snapback]527359[/snapback]</div>
    Can you use paypal?

    <div class='quotetop'>QUOTE(burritos @ Oct 18 2007, 11:53 AM) [snapback]527360[/snapback]</div>
    Yes you can.
     
    #3 burritos, Oct 18, 2007
  4. qbee42

    qbee42 My other car is a boat

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    Yes, we have several loans out, mostly in Africa.

    Tom
     
    #4 qbee42, Oct 18, 2007
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