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That's not true; Kiva often charges extraordinarily high interest rates. See: http://en.wikipedia.org/wiki/Kiva_(organization)#Interest_rates_2 http://en.wikipe
by m0th87 17y ago
That's not true; Kiva often charges extraordinarily high interest rates. See:
http://en.wikipedia.org/wiki/Kiva_(organization)#Interest_rates_2 http://en.wikipedia.org/wiki/Kiva_(organization)#Interest_ra...
- apowell 17y agoIt charges interest to borrowers, but it doesn't pay interest to donor-investors.
- clistctrl 17y agoAm I the only one who sees a problem with this?
- apowell 17y agoI lend on Kiva, and I don't have a problem with it. There's a lot that has to happen between my Paypal transfer to Kiva and the money being distributed to the local entrepreneur...and even more that has to happen to collect the payments. I'm happy to set aside a small amount of money as a catalyst for progress, and thankful that others are doing the heavy lifting. (Apologies for continuing this off-topic line of conversation.)