5 ms·

http://kiva.org http://kiva.org Your money will make more money and grow.

• diziet 16y ago
  I believe the grown money would (mostly) go to the partner lenders of the program, Kiva makes it sound perfectly lovely, but someone has to go out and interview those people and file paperwork and take photos an collect the money, and of course make profit doing that.
  • kn0thing 16y ago
    Aye, most of the MFIs (microfinance institutes = banks to the poor, essentially) are for-profit. Some are non-profit, though, but they all charge interest rates for these loans - kiva lenders essentially are loaning them interest-free loans ($25 at a time) to encourage them to take more risks, that is, lend to poorer clients for lower interest rates.
• kn0thing 16y ago
  I just finished a 3month kiva fellowship :) so I can assure you that your kiva loans do not generate interest for you. You will (in most cases, if the loan is repaid in full) at best get all of your loan back, which you can then reloan, donate to kiva, or withdraw. It's still a great nonprofit, but I should've made it more clear that we've already promised publisher profits to Room to Read, we just need to decide where in the world to build.
  • kashif 16y ago
    Great :)