Can I start a Kiva Blu-ray.com team?

[jkwest]

Just as the title states....not sure if anyone else will join, but, it wouldn't hurt to try, IMO...

Let me know, MODs...

http://www.kiva.org

[Aaron]

Lol, it looks like you already did it.

[jkwest]

Originally Posted by Aaron

Lol, it looks like you already did it.

I can delete it easily if it isn't acceptable....

[jw]

I guess his real question is, Is it alright to recruit people to join in your effort?

[jkwest]

right....but, I don't want to leave it open under the moniker of blu-ray.com if the MODS don't give the ok.

[jkwest]

uh....
anyone?

[dpomp]

what's a kiva?

[jkwest]

Originally Posted by dpompeo

what's a kiva?

click the link...

[dpomp]

Originally Posted by jkwest

click the link...

blocked

[Deadset]

hey, a fellow engineer

[jkwest]

Originally Posted by dpompeo

blocked

this is directly from their "about us" page..

they are a micro-finance company...

What We Do

We Let You Loan to the Working Poor

Kiva's mission is to connect people through lending for the sake of alleviating poverty.

Kiva is the world's first person-to-person micro-lending website, empowering individuals to lend directly to unique entrepreneurs in the developing world.

The people you see on Kiva's site are real individuals in need of funding - not marketing material. When you browse entrepreneurs' profiles on the site, choose someone to lend to, and then make a loan, you are helping a real person make great strides towards economic independence and improve life for themselves, their family, and their community. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates and track repayments. Then, when you get your loan money back, you can relend to someone else in need.


Kiva partners with existing expert microfinance institutions. In doing so, we gain access to outstanding entrepreneurs from impoverished communities world-wide. Our partners are experts in choosing qualified entrepreneurs. That said, they are usually short on funds. Through Kiva, our partners upload their entrepreneur profiles directly to the site so you can lend to them. When you do, not only do you get a unique experience connecting to a specific entrepreneur on the other side of the planet, but our microfinance partners can do more of what they do, more efficiently.

Kiva provides a data-rich, transparent lending platform. We are constantly working to make the system more transparent to show how money flows throughout the entire cycle, and what effect it has on the people and institutions lending it, borrowing it, and managing it along the way. To do this, we are using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business. Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and are waiting for socially-minded individuals like you to lend them money.

[jkwest]

Originally Posted by Deads3t

hey, a fellow engineer

yep!!

[jkwest]

I like Kiva because I can use Paypal...I have made 10 loans of $25 and most of the money has come from selling stuff I don't need online...its great!!!

[jkwest]

more about how it works...

How Kiva Works

Choose an Entrepreneur, Lend, Get Repaid

The below diagram shows briefly how money gets from you to a developing-world entrepreneur, and back.
1) Lenders like you browse profiles of entrepreneurs in need, and choose someone to lend to. When they lend, using PayPal or their credit cards, Kiva collects the funds and then passes them along to one of our microfinance partners worldwide.

2) Kiva's microfinance partners distribute the loan funds to the selected entrepreneur. Often, our partners also provide training and other assistance to maximize the entrepreneur's chances of success.

3) Over time, the entrepreneur repays their loan. Repayment and other updates are posted on Kiva and emailed to lenders who wish to receive them.

4) When lenders get their money back, they can re-lend to someone else in need, donate their funds to Kiva (to cover operational expenses), or withdraw their funds.

[BLUNT]

Loan money to broke people...........Sounds like a scam to me. How much soap do I have to keep in my garage? Hello sir or madam I would like to talk to you about this new exciting opportunity.................Sponsored by Blu-ray.com

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[jkwest]

Originally Posted by BLUNT

Loan money to broke people...........Sounds like a scam to me.
Sponsored by Blu-ray.com

I'm not really sure you understand the point of it, then...

There's no money being made here...you just finance small entrepreneurs from foreign countries and they pay you back and you send out funds elsewhere...

[xtop]

its certainly not a scam. and is this the same place that has had 100% of the loans paid back?

if i had any extra cash right now i'd totally help out

[jkwest]

almost 100%...

I know some of loans have almost fallen through....due to deaths, but, the microfinance companies for that country have usually stepped in and taken care of the rest...

I have had only one loan go over its time..the person got really sick and almost lost their business..took em an extra 4 months to pay off the loan..

It really a great opportunity to help out and continually help out...you get your money back after the term and get to loan it out again if you want.

I have $250 in the system and it is always coming in and letting me fund more people.

I have the team set up...if anyone wants to start an account and join the team..go ahead, I've opened it up for anyone.

The mods haven't said no, so, I'm going on with it...I've already made two loans that count towards the team.

[abynum1]

Do you make intrest?

[jkwest]

Originally Posted by abynum1

Do you make intrest?

no...the interest, I believe, is absorbed by Kiva to help fund more outreaches to other countries.