micro-lending (4)
and i mean kiva (in other countries there are split ups of these)
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In response to: goodday,
i was thinking of putting some money in kivu.
It is a big organisation that globalises micro-lending.
I know a bit of the pro and cons.
I just want to know some peoples opinions.
The principles is ... not everybody has a chance to get a loan.
Some local organisations offer loans.
You as a Westerner can buy these loans. (after reading the nice ad and getting some feel good)
They poor guy pays off. maybe. and there is inflation.
For me, i wonder if the loan is good for the borrower. high rate, maybe even a sort of payday loan.
When i checked the site i saw a lot of Mexican loans for dental treatment. It then sounds like a profitable side business of the dentist (backed by western money)
Or less educated people falling for credits loans. Debt can be good or bad.
A westerner doesn't get an interest, so i do like the idea of pumping money in another countries economy.
I just feel weird taking a loan myself at 2 percent, and over there the rate is still 10 percent or more.
who joins in the discussion?
i was thinking of putting some money in kivu.
It is a big organisation that globalises micro-lending.
I know a bit of the pro and cons.
I just want to know some peoples opinions.
The principles is ... not everybody has a chance to get a loan.
Some local organisations offer loans.
You as a Westerner can buy these loans. (after reading the nice ad and getting some feel good)
They poor guy pays off. maybe. and there is inflation.
For me, i wonder if the loan is good for the borrower. high rate, maybe even a sort of payday loan.
When i checked the site i saw a lot of Mexican loans for dental treatment. It then sounds like a profitable side business of the dentist (backed by western money)
Or less educated people falling for credits loans. Debt can be good or bad.
A westerner doesn't get an interest, so i do like the idea of pumping money in another countries economy.
I just feel weird taking a loan myself at 2 percent, and over there the rate is still 10 percent or more.
who joins in the discussion?
I wouldn't touch micro lending with a 10 foot pole, but that's just me
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LOL! Kiva is a scam....sure....see who they pass the money off to...knee-capping loan sharks at better than 20% interest. You line their pockets, both front and back loading...you said it yourself....a "Payday" loan? LOL! Legalized sharks they are...
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Created: Dec 2015
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i was thinking of putting some money in kivu.
It is a big organisation that globalises micro-lending.
I know a bit of the pro and cons.
I just want to know some peoples opinions.
The principles is ... not everybody has a chance to get a loan.
Some local organisations offer loans.
You as a Westerner can buy these loans. (after reading the nice ad and getting some feel good)
They poor guy pays off. maybe. and there is inflation.
For me, i wonder if the loan is good for the borrower. high rate, maybe even a sort of payday loan.
When i checked the site i saw a lot of Mexican loans for dental treatment. It then sounds like a profitable side business of the dentist (backed by western money)
Or less educated people falling for credits loans. Debt can be good or bad.
A westerner doesn't get an interest, so i do like the idea of pumping money in another countries economy.
I just feel weird taking a loan myself at 2 percent, and over there the rate is still 10 percent or more.
who joins in the discussion?