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ushope777
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7 March 2012 - 9:20pm

Kiva Group

31 replies • Last post

Hello CL Friends!

LuckyMe asked how many Kiva members have joined under the Casino Listings group. I wanted to post here so those who ARE active on Kiva realize there is a group for you to join. The CL group now has seven members. We could definitely use more to represent us on Kiva. So, if you are already a member, just find the group and click to join!

If you are not yet involved in Kiva, consider donating some of your CL Chips or at least joining in preparation of doing so:

www.kiva.org

Like LuckyMe said, "The more the merrier!"

3 members gave thanks for this useful post: CL-Ed, barbadosslim93, Ubetcha

Hope777

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auCL-Ed
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11 March 2012 - 4:10am
#1

Yeah I love Kiva. Its far and away the best charity system ever devised in my humble little opinion.

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usLuckyMe
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12 March 2012 - 2:37am
#2

I think it's a great charity. I've already received some money back from loans I made thanks to the generosity of Casino Listings.

ushope777
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12 March 2012 - 2:40am
#3

I haven't received any of the money back. Do you receive it all at once? I can't wait to get mine back so I can re-gift, plus I need to order another 25 dollars soon. Smile

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
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usLuckyMe
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12 March 2012 - 2:43am
#4
hope777 wrote:

I haven't received any of the money back. Do you receive it all at once? I can't wait to get mine back so I can re-gift, plus I need to order another 25 dollars soon. Smile

No, they pay it back in increments. I don't have enough to reinvest yet. I just ordered two more Kiva cards. Smile

ushope777
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17 March 2012 - 6:29pm
#5

Good for you, LM! This is one of the many great things about this place (CL!). I can't wait to see how they pay back and go through the process. I will have to order another card soon. Smile

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

auCL-Ed
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30 March 2012 - 7:23am
#6

Yes the funds come back slowly. One tip is that when you are lending you can sort the borrowers by repayment term. This puts the borrowers planning to pay it back the quickest at the top of the list. It also helps if you make several loans at once as the repayments accumulate over the months and you can be re-lending quicker. I usually get enough back every month to re-lend to at least one new borrower - in fact yesterday I received over $100 back which was great (I started with $500 last year sometime).

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ushope777
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30 March 2012 - 6:48pm
#7
CL-Ed wrote:

Yes the funds come back slowly. One tip is that when you are lending you can sort the borrowers by repayment term. This puts the borrowers planning to pay it back the quickest at the top of the list. It also helps if you make several loans at once as the repayments accumulate over the months and you can be re-lending quicker. I usually get enough back every month to re-lend to at least one new borrower - in fact yesterday I received over $100 back which was great (I started with $500 last year sometime).

Wow! I didn't know all this, but it is good to know.

Thank you! Smile

Hope777

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Shawshank Redemption

usLuckyMe
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30 March 2012 - 8:17pm
#8

Thanks for the tips CL-Ed. When I first loaned money, I thought I would start getting it back in a year. I think the re-payment terms were a year. I was surprised to find money put back into my account. I usually loan on my intuition. Smile I will have to look at the re-payment terms again. It would be nice to re-loan some out each month.

usLuckyMe
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16 June 2012 - 3:13am
#9

I looked into my account today and I have received several payments back. I have over $65.00 to re-lend!

ushope777
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17 June 2012 - 5:32pm
#10
LuckyMe wrote:

I looked into my account today and I have received several payments back. I have over $65.00 to re-lend!

That is awesome! I am still doing one at a time, but I think I might purchase another soon. I always have such difficulty choosing someone out of all those people, but wow, what a great place/idea.

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

usLuckyMe
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18 June 2012 - 12:53am
#11
hope777 wrote:

That is awesome! I am still doing one at a time, but I think I might purchase another soon. I always have such difficulty choosing someone out of all those people, but wow, what a great place/idea.

I have a hard time using too and usually just use my intuition. Recently there were people from the U.S. asking for loans.

ushope777
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18 June 2012 - 4:40am
#12
LuckyMe wrote:

I have a hard time using too and usually just use my intuition. Recently there were people from the U.S. asking for loans.

Hmmm....I have never noticed anyone from the U.S. on there, and I didn't even know that people from here could do that. Maybe I should ask for a loan? A CL loan, lol.

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

usLuckyMe
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18 June 2012 - 4:42am
#13

I will give you a Kiva loan Hope. Go apply. Smile I have $65.00 to loan!

ushope777
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18 June 2012 - 4:43am
#14

I wonder how it would go over if I asked for 200.00 for my "gambling fund," lol. Just kidding, of course. Wink Tongue

Thanks for the offer to fund my account. I will keep you posted. Wink

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

usLuckyMe
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18 June 2012 - 4:44am
#15

Well, I'm not sure, but you never know. Smile

usUbetcha
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18 June 2012 - 4:48pm
#16

yep.. they paid me back, slowly but surely! Wink

Y'all take care.. =^. .^=

usLuckyMe
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19 June 2012 - 12:40am
#17

Some have paid back fully, others slowly, but that is because of the length of repayment I chose. Glad to see you back Ubetcha!

1 member gave thanks for this useful post: Ubetcha

auCL-Ed
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19 June 2012 - 2:03am
#18

Yes each loan has a repayment term but I have seen that people often pay the money back much quicker than you were expecting. It's best to get a few separate $25 loans going at the same time because then you can accumulate the $25 in repayments you need to re-lend quicker. I still love that site!

And yes I have seen people from the USA on there. I may be a bit biased but I figured that the poorest people in the USA still have it a lot better than the poorest in Africa or elsewhere, so I didn't read their stories.

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usLuckyMe
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21 June 2012 - 1:40am
#19
CL-Ed wrote:

And yes I have seen people from the USA on there. I may be a bit biased but I figured that the poorest people in the USA still have it a lot better than the poorest in Africa or elsewhere, so I didn't read their stories.

I agree that even the poorest people in the U.S. still have it better than those in other countries. I still read their stories though. I haven't loaned to anyone in the U.S. yet though. Kiva is a great place.

ushope777
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26 June 2012 - 9:02pm
#20

I am sure many have received this email, but just in case, I thought I would post a copy here. If anyone is thinking of giving another Kiva loan, NOW would be the time to do that:

Kiva needs your help. Our longtime partner, the Omidyar Network, has challenged the Kiva community to loan $1.5 million between now and midnight on June 30th.

If we pull it off, the Omidyar Network will donate an additional $100,000 to help Kiva continue to meet our goals for the year.

For an organization like Kiva, that kind of money goes a long way. A cool hundred grand will enable us to bring 15 new partners online or recruit 25,000 new lenders, enabling the Kiva community to help even more borrowers worldwide.

So please take a moment to make a loan today, and thank you for helping to reach this ambitious goal!

Hope777

Hope is a good thing, maybe the best of the things, and no good thing ever dies.
Shawshank Redemption

usLuckyMe
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27 June 2012 - 1:40am
#21

I will go there right now and check out the loan. I've been meaning to do it, but get easily sidetracked.

auCL-Ed
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27 June 2012 - 11:26am
#22

They are also still offering sponsored free trials so if you have an account, go there and log in and you can get a link to give to your friends. Each one who signs up gets a free $25 to loan.

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usLuckyMe
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28 June 2012 - 2:56am
#23

I put that on my FB CL-Ed. I have another site or two where I can post it also.

usUbetcha
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1 July 2012 - 1:07pm
#24

I let my husband joined on Kiva. He has some inquiries that apparently these poor people have to pay higher interest from where they are members of a group or whoever coop & organization have sponsored them to get the loan. Sad

It does give me a second thought. What do you think..??

Y'all take care.. =^. .^=

usLuckyMe
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2 July 2012 - 8:00am
#25

I don't know what interest rate they pay. I think it would be worse not to be able to get a loan at all. Let us know what you find out.

ushope777
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3 July 2012 - 1:12am
#26

I am not sure what to think about that. I have not done any big research on this, but I feel the same: better to at least have the opportunity to get the loan. In addition, Kiva is a popular site, so better chance that people will find them to get them the monies they need to carry on the businesses.

I PMed back and forth with a guy who knows the owners, and I guess they are wonderful people. I can imagine high interest comes with many loans these days, too, but again, I guess I would have to do more research.

Hope777

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Shawshank Redemption

auCL-Ed
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3 July 2012 - 1:58am
#27

I guess that it is Kiva's responsibility to properly vet the field partners to ensure they are operating ethically. The idea of this "micro-finance" is to get money to people who would not normally be able to borrow it so from that point of view I agree - better to give someone a chance.

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usUbetcha
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23 July 2012 - 9:50pm
#28

It's as high as 23% and then if they default up to 28% plus they will also remit an annual dues to whoever group they are affiliated with.

Read more on this forum:

http://scam.com/showthread.php?t=76720

I do believe, not all groups do this kind of inhumanity. How would we know that we lend it to the most vulnerable people with no string attached. Yes, it's Kiva's responsibility but my conscience said otherwise..

Y'all take care.. =^. .^=

auCL-Ed
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24 July 2012 - 6:35am
#29

I think if you read all of that page you linked to you would see the original poster's argument was thoroughly debunked.

Kiva has a page where it explains the interest rates the borrowers pay. From what I can understand after reading it, there are fixed costs associated with loaning people money, so the smaller the loan the larger the interest rate appears to be as the field partner that administers the loan needs to recover their costs. And looking at a number like 23% in isolation tells you nothing - the local country could have 20% inflation, or local lenders may be charging 45% interest normally.

But thanks for pointing it out - I learned more about the process and after doing the reading I am comfortable that they are doing the right thing and the borrowers are not being taken advantage of.

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usUbetcha
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25 July 2012 - 3:21am
#30

very well, you're welcome.. that completely explains it. Many thanks!

1 member gave thanks for this useful post: CL-Ed

Y'all take care.. =^. .^=

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