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That’s fine and all, but the promise of microfinance and micro loans was that it was win win. Something along the lines of “Investing in the poor is a business
by wodenokoto 6y ago
That’s fine and all, but the promise of microfinance and micro loans was that it was win win.
Something along the lines of “Investing in the poor is a business that makes the world better”
But if investing in the poor means needing donations to cover your operating expenses, then I suppose kiva is at best a charity (if they also give reasonable interest rates and loan conditions) and not the investment originally promised.
That is not to say that kiva is bad, but it is also not a great poster child for microfinance, imho
- FabHK 6y agoAgreed. I'm not sure about Kiva (or micro-finance more generally) anymore as the best use for spare cash. I was just commenting on the original assertion that "the only microfinance organizations available would only take donations not investments" EDIT to add: Though, Kiva can't be considered an investment, either - best case (!) you get the original amount back. While the field partners take considerable interest from the loan recipient. So...