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You're right, lenders on Kiva aren't paid interest. Kiva's founders have said this is so they don't have to comply with burdensome investment legislation.
by cabalamat 18y ago
You're right, lenders on Kiva aren't paid interest. Kiva's founders have said this is so they don't have to comply with burdensome investment legislation.
- aasarava 18y agoLenders to Kiva also aren't buying securities -- they're providing money to a microfinance institution which then distributes the money as promised, hopefully to return it later. Should the loan not be repaid, the lender has no rights to any assets.