krcoolsongss
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7 March 2018 - 9:03pm

My Kiva Loans repaid

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Hello, guys,

Do you remember this time last year ?

CL-Ed promoted Kiva Donation with $25 Free donation + $25 Match donation by CasinoListings.
It was really a good chance to do some good things for other people via Kiva.

Actually, I got to know about Kiva with it.

I made two loans to families in Myanmar, and both loans were repaid within a year, wow.

$25 went back to Kiva and $25 Match came to my account.
I can withdraw $25 via Paypal, but will donate it to another Myanmar family.

I attached the screenshots, you see the CasinoListing Team.

Cheers Thumb Up

kiva1.jpg
kiva2.jpg

sharpe

auCL-Ed
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7 March 2018 - 10:20pm
#1

Thats great to see coolsongss. Its one of the reasons I really like Kiva - you get to re-lend the same money over and over once the people pay it back. I've been doing it for a few years now and almost everyone pays everything back over time.

3 sharpe, coolsongss, WaroftheGods

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caWaroftheGods
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8 March 2018 - 8:31am
#2

The little that I know about Kiva, I always assumed that it would be hard to get your money back and it wouldn't happen very often. Thanks for that bit of info CL-Ed, maybe I'll look more into it and give it a try myself.

coolsongss

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8 March 2018 - 9:00am
#3

Yeah I'm aware of that and the good thing is that there's all kind of people and businesses you could support, so everyone could choose for himself.
I've made1500$ in loans for the last couple of years and only one 25$ loan was never repaid so far to me, so it's a great option to help using your CL chips.

coolsongss

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9 March 2018 - 1:42am
#4

Yeah I've recycled hundreds through there over the years and my grand total of not being repaid is something like only $9. You can check what they call the "field partner risk rating" when deciding on whether to loan and its a rating out of 5 stars. If you stick to three stars or higher then in my experience you're going to get repaid. The only time I didn't get the full amount back was when I chose one with only a one star rating so I knew the risk.

You can also check the time period for the loan repayments before lending. I try to stick to 18 months or shorter because then I get my $25 back quicker to re-lend.

2 sharpe, coolsongss

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caWaroftheGods
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15 March 2018 - 6:08pm
#5

Do you make money back, like any sort of profit for being a good Samaritan to people in need?

coolsongss

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15 March 2018 - 6:32pm
#6

Yes, it is a kind of micro-financing for the people in developing countries.
They have very limited access to any kind of capitals and funds, so this kind of service is very helpful.

I made two loans which were paid back.
And today, I re-lent it to another Myanmar family.

sharpe

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15 March 2018 - 6:42pm
#7
WaroftheGods wrote:

Do you make money back, like any sort of profit for being a good Samaritan to people in need?

No there's not any profit in that if I understood your question correctly, the funds repaid are the exact amount you've lent earlier but after the repayment you could choose between re-lend the funds again or withdraw to Pay Pal account.

coolsongss wrote:

I made two loans which were paid back.
And today, I re-lent it to another Myanmar family.

You're a good man coolsongss! Thumb Up