Comments on: Support Entrepreneurs in Developing Countries With Kiva http://www.consumerismcommentary.com/2008/08/24/support-entrepreneurs-in-developing-countries-with-kiva/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: hejustlaughs http://www.consumerismcommentary.com/2008/08/24/support-entrepreneurs-in-developing-countries-with-kiva/#comment-176390 hejustlaughs Mon, 25 Aug 2008 06:22:36 +0000 http://www.consumerismcommentary.com/?p=3761#comment-176390 Thanks for the mention. The risk is there, but I'll accept a < 2% default risk in return for nothing but the thought of helping others out. 75% of my net worth is sitting in Kiva.org. I'm young, in college... the point in life where one feels the most altruistic. ;) Thanks for the mention. The risk is there, but I’ll accept a < 2% default risk in return for nothing but the thought of helping others out.

75% of my net worth is sitting in Kiva.org. I’m young, in college… the point in life where one feels the most altruistic. ;)

]]> By: Anca http://www.consumerismcommentary.com/2008/08/24/support-entrepreneurs-in-developing-countries-with-kiva/#comment-176312 Anca Sun, 24 Aug 2008 22:13:19 +0000 http://www.consumerismcommentary.com/?p=3761#comment-176312 Having read the quintessential book on microlending (Banker to the Poor, by Yunnus) and learned about the usual system* in place for lending to poor entrepreneurs, I'm not sure I support the way that Kiva circumvents that system. * http://www.grameen-info.org/index.php?option=com_content&task=view&id=24&Itemid=127 Having read the quintessential book on microlending (Banker to the Poor, by Yunnus) and learned about the usual system* in place for lending to poor entrepreneurs, I’m not sure I support the way that Kiva circumvents that system.

* http://www.grameen-info.org/index.php?option=com_content&task=view&id=24&Itemid=127

]]> By: Mrs. Micah http://www.consumerismcommentary.com/2008/08/24/support-entrepreneurs-in-developing-countries-with-kiva/#comment-176299 Mrs. Micah Sun, 24 Aug 2008 20:01:00 +0000 http://www.consumerismcommentary.com/?p=3761#comment-176299 Wow, I'm actually in the middle of writing a post about Kiva. I wouldn't include it in an investment portfolio at all, even in an experimental way. After all, you don't earn any money, unlike Prosper. At best, you'll get all your money back in the end without any growth. At the worst, you've hopefully made some positive differences in peoples' lives even if they weren't able to fully repay it. I see it as a way to invest in your charitable giving---you can keep doing good with the same money (or add more every year and do even more good). Which is awesome! Wow, I’m actually in the middle of writing a post about Kiva. I wouldn’t include it in an investment portfolio at all, even in an experimental way. After all, you don’t earn any money, unlike Prosper. At best, you’ll get all your money back in the end without any growth. At the worst, you’ve hopefully made some positive differences in peoples’ lives even if they weren’t able to fully repay it.

I see it as a way to invest in your charitable giving—you can keep doing good with the same money (or add more every year and do even more good). Which is awesome!

]]> By: Sam http://www.consumerismcommentary.com/2008/08/24/support-entrepreneurs-in-developing-countries-with-kiva/#comment-176220 Sam Sun, 24 Aug 2008 14:34:28 +0000 http://www.consumerismcommentary.com/?p=3761#comment-176220 I love Kiva! I've been lending for a couple of years and had a great experience. Right now my default rate is at only 0.40% and my loan delinquency rate is at 1.8%, which is probably way better than most credit organizations. I love Kiva! I’ve been lending for a couple of years and had a great experience. Right now my default rate is at only 0.40% and my loan delinquency rate is at 1.8%, which is probably way better than most credit organizations.

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