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"he individual Kiva lenders earn no interest;" That's why I never bothered with Kiva. You want my money but you're not going to give me even a small cut? No th

"he individual Kiva lenders earn no interest;" That's why I never bothered with Kiva. You want my money but you're not going to give me even a small cut? No thank you.

akudha 3y ago
Not everything in life needs to make a profit. Kiva is not an investment instrument for making profits, it is to help people who are less fortunate than us. I am now out of touch with Kiva (though I still make loans) but I have been to many of their events, met some of the employees, met some terrific lenders who are genuinely passionate about helping people. I am disappointed how Kiva has turned out these days, but they were doing good work. Their lender community is insanely passionate. There are lenders who are worth 8/9 figures and then there are people who can only spare 50$ a month and everyone in between. If you don't trust me, just go read their teams messages. So yeah, if you are looking to make a quick profit, Kiva (and Kiva like orgs) is not for you
- nocoiner 3y ago
  I agree that many things should not be subject to the profit motive. But I’m going to put my capital at risk for no return - in the best case scenario - while the CEO of a middleman takes home $850k? No thanks.
  - callalex 3y ago
    Are you aware of the human concept of a donation? What about a gift?
- prepend 3y ago
  > Kiva is not an investment instrument for making profit For sustainability it needs to have a return for the investor. It seems odd that I would “loan” my money and not get a return. I donate to charities. That seems more efficient. Wouldn’t it make more sense to just build in a return to investors to attract more people willing to learn. Kiva is making money. The CEO is making money, it seems odd not to pay people who lend money. As it is now, I’d rather donate and get a tax deduction and be done with it and have the firm lend out my donation over and over.
mytydev 3y ago
I was ok with this aspect of lending via Kiva. Finding out someone else was making a profit off the interest of a loan that I funded is the hard pill to swallow.
solardev 3y ago
I think of it as a less expensive gofundme. It's not really about (or at least shouldn't be about) getting rich but giving others am opportunity they might never had had otherwise because of the circumstances of their birth.
delfinom 3y ago
Jesus, so its a middle man company that earns all the profit and takes zero risk? That's absurd and beyond morally bankrupt.

"he individual Kiva lenders earn no interest;" That's why I never bothered with Kiva. You want my money but you're not going to give me even a small cut? No thank you.

akudha 3y ago

Not everything in life needs to make a profit. Kiva is not an investment instrument for making profits, it is to help people who are less fortunate than us. I am now out of touch with Kiva (though I still make loans) but I have been to many of their events, met some of the employees, met some terrific lenders who are genuinely passionate about helping people. I am disappointed how Kiva has turned out these days, but they were doing good work. Their lender community is insanely passionate. There are lenders who are worth 8/9 figures and then there are people who can only spare 50$ a month and everyone in between. If you don't trust me, just go read their teams messages. So yeah, if you are looking to make a quick profit, Kiva (and Kiva like orgs) is not for you

nocoiner 3y ago
I agree that many things should not be subject to the profit motive. But I’m going to put my capital at risk for no return - in the best case scenario - while the CEO of a middleman takes home $850k? No thanks.
- callalex 3y ago
  Are you aware of the human concept of a donation? What about a gift?
prepend 3y ago
> Kiva is not an investment instrument for making profit For sustainability it needs to have a return for the investor. It seems odd that I would “loan” my money and not get a return. I donate to charities. That seems more efficient. Wouldn’t it make more sense to just build in a return to investors to attract more people willing to learn. Kiva is making money. The CEO is making money, it seems odd not to pay people who lend money. As it is now, I’d rather donate and get a tax deduction and be done with it and have the firm lend out my donation over and over.

mytydev 3y ago

I was ok with this aspect of lending via Kiva. Finding out someone else was making a profit off the interest of a loan that I funded is the hard pill to swallow.

solardev 3y ago

I think of it as a less expensive gofundme. It's not really about (or at least shouldn't be about) getting rich but giving others am opportunity they might never had had otherwise because of the circumstances of their birth.

delfinom 3y ago

Jesus, so its a middle man company that earns all the profit and takes zero risk? That's absurd and beyond morally bankrupt.