My First Kiva Payments Are Made On Time

About a month ago I made my 4 loans on Kiva to women in Somoa.  I was both testing Kiva and hopefully making the world a better place.  Kiva allows you to make individual loans to people in need through NGOs around the world. 

I went with 4 women from Somoa.  I have always felt some affinity for Somoians as we have similar physical statures.

3 of those 4 loans have now made a payment.  With Kiva you don’t actually recieve any payments until the entire loan is repaid.  I will continue to watch my Kiva account.  I wish these women the best.  Good luck.

Read more about Kiva rom actaul lenders at the Kiva Forum

Here is the Kiva RateLadder Page.

Blog Traffic Exchange Related Posts
  • Borrow Money with Unsecured Personal Loan With Prosper you can borrow money via unsecured personal loans, up to $25,000 and depending on you credit at rates as low as 8% (lower in some cases). Yesterday I made the case to borrow money on Prosper with unsecured debt.  I talked about the 2 most important things to getting......
  • Prosper Repurchases A Loan Yesterday, I had one of those bitter sweet moments.  Sweet in that a loan I had been writing off in my mind as bad was repurchased by Prosper for the full principal balance.  Bitter, because I really believe I am helping people with these loans and yet someone would take......
  • Please Close Major Loophole for Deadbeat Lender/Group Leaders There has been a minor uproar on the forums over deadbeat lenders/group leaders.  That is to say, Prosper.com members that are lenders and borrowers with late payments on the loan given to them.  The consensus seems to be that Prosper should be impounding the loan payments they are receiving in......
  • Leporello Provides The Genius (misunderstood) Leporello has been using ProProsper since the beginning.  He was a sounding board and a voice of reason.  He has done a number of very interesting research projects with the query analyzer.  2 of these projects are publicly available via ProProsper: What Groups Does a Lender Really Support? and Leporello Group......
  • Prosper Site Update -- Nationwide 36% Except Texas and South Dakota With a banking partner in WebBank, Prosper opens up to a nationwide audience of borrowers.  Their timing couldn't have been better.  Welcome borrowers! (Except Texas and South Dakota) Minimum instant transfer of $50 on 50% of your active loan value is now possible... In my opinion, this change greatly reduces (maybe......
Blog Traffic Exchange Related Websites
  • Is Person to Person Lending Safe? I received several reader e-mails this weekend regarding the safety of person to person lending. I thought I would share these questions and the answers, so hopefully more people will better understand the process. Regarding Person to Person lending - do you know how they underwrite these loans? Do the......
  • DietTribe from Lifetime, Episode 1 and 2 Recap DietTribe is Lifetime's new weight loss reality series that follows the emotional journey of five best friends on a mission to lose 30 pounds in 90 days. These women have made a commitment to lose their unwanted pounds together. With the help of professional fitness trainer Jessie Pavelka and psychotherapist......
  • Finovate Startup 2009 Live Twitter I am attending Finovate Startup 2009. It is an action packed 1 day format which I belive will lend itself perfectly to a live twitter. Stay tuned it should be an amazing day. http://twitter.com/BlogTrafficExch In the break I have scheduled some talks with SimplFi, Mint, and Calendar Budget. I am......
  • Prosper enters a cocoon. What will emerge? Prosper.com is currently in a quiet period during which it will not accept new lenders or new loan commitments from existing lenders.  They state that they are registering promissory notes with the appropriate regulatory agencies, which may be offered and sold to lenders. The primary market -- as is was......
  • downThe Dos and Donts of Credit Scores Pt 2 In an earlier post we talked about the Do's for good credit, so now it's time to consider the Don'ts! A credit score is a really important indicator on how likely you will be to default on a credit card or a loan. Your credit score is determined by a......
If you liked this article, vote for it on del.icio.us and stumbleupon.


Categories:

Kiva



Tags:

,


0 comments ↓

There are no comments yet...Kick things off by filling out the form below.

Leave a Comment

Email Updates