I just loaned $50 in Ghana and Mexico!

Kiva.org

It's getting addicting...and the thing is, the money comes back in theory. I only pick five star people to loan to.

No intrest on the loan i see.

Originally posted by huckleberryhound
No intrest on the loan i see.

Originally posted by AThousandYoung
Kiva.org

It's getting addicting...and the thing is, the money comes back in theory. I only pick five star people to loan to.

Originally posted by ThinkOfOne
It's not about making money. It's basically about donating use of your money to the poor, especially those in third world countries. Think of it as a charitable donation where you usually get your money back.
http://en.wikipedia.org/wiki/Microfinance

I first heard about this on the PBS show Frontline a couple of years back which featured Kiva.
http://www.pbs.org/frontlineworld/stories/uganda601/

The post that was quoted here has been removed

Originally posted by AThousandYoung
I thought I was making money, just not very much. I can't seem to find out that detail.

EDIT - Kiva lenders do not receive any interest because of US Government regulations.

http://en.wikipedia.org/wiki/Kiva_(organization)

Oh well. Does anyone know how I can make microloans and make money doing it?

Originally posted by ark13
And here I thought you were just a good person.

Originally posted by AThousandYoung
I guess I'll have to live with your reduced respect. What a pity.

I reckon they should pay back an extra 2% or something, just as a token of thanks and stuff. If you've just given them the money to give them the ability to pay you back, then they must be making a buck themselves....seems only fair 😛

You can "lend" someone something, but how can you "loan" someone something?

Originally posted by AttilaTheHorn
You can "lend" someone something, but how can you "loan" someone something?

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