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The article you link to is about loan sharks. You can loan money out to people using Kiva at 0% interest.
by testrun 13y ago
The article you link to is about loan sharks. You can loan money out to people using Kiva at 0% interest.
- naturalethic 13y agoYou can't loan at interest on Kiva. Which makes it a charity, not an investment.
- rhc2104 13y agoWith Kiva, you can lend money at 0% interest to a microfinance institute, which utilizes the interest-free capital to give a loan at a slightly lower interest rate than it otherwise would. http://en.wikipedia.org/wiki/Kiva_%28organization%29#Current_interest_rate_statistics http://en.wikipedia.org/wiki/Kiva_%28organization%29#Current... As of January 7, 2010, 35.21% is the Average Interest Rate and Fees Borrowers Pay (Portfolio Yield) to All Kiva Field Partners.