New Year Resolution suggestion: invest through KIVA
Dec 27, 2017 13:23:29 GMT
dilbert, metoo, and 3 more like this
Post by kaya on Dec 27, 2017 13:23:29 GMT
Kiva offers the chance to engage in pure P2P lending. At the risk of duplicating the subject, see this thread created by jester here
This thread is created to increase forum exposure and awareness of this charity, because it really seems like something well suited to what this forum is all about. Perhaps it is time that we increased our presence at the Kiva Lending Team:P2P Lenders!
Join here: www.kiva.org/invitedto/p2p_lenders/by/jester
If every forum member joined up and lent out even just $25, this would create a real impact. The procedure is easy. Method:
The best way to lend here is to first create a Paypal account (free and easy), and lodge your payment details. This then gets linked to your Kiva account (dead easy). You can, alternatively, transfer cash directly by card, but this will incur extra costs. Costs through using Paypal are minimal (currency conversion fee), and every transaction will show you the £££ conversion first, so you will know exactly what the deduction will be. You can pay by your linked card or by a direct debit from your bank account. The DD is a one-off transaction each time.
How it works: The Kiva lending platform gives basic information relating to who you are lending to, and tonnes of information relating to the approved Field Partner of your chosen loan, which is the local credit-issuing organization. The Field Partner underwrites most loans i.e. the loan will usually already be approved and given out to the borrower. However, if the loan fails to be fully funded by the lending community within the 30 day window, it has then failed to fund, and then your loan amount will be returned to your account. The Field Partner will then still hold the loan themselves. The borrower pays interest on the loan, which is set by the Field Partner, and which covers their costs/leaves some for their credit business expansion, but you don't get any of this. Loan repayments go into your account, and there is of course the risk of default.
kiva.org is a really interesting website to look around, plenty of info. Have a look around and consider joining the team.
Tip: if you go to the last pages of loan requests, you will find all the loans that have yet to get any funding. You can thus kick-start the funding and thus increase its visibility on the platform. Or alternatively, look for loans that are running out of time to fill.
This forum is generally for people with plenty of cash to spare, and lending is what we do, so this whole concept really does seem like something well-suited to what this forum is all about. The P2P Lending Team should have a real presence there.
If joining up, post something here or in the other thread, this will help to keep the topic on the main page view.
This thread is created to increase forum exposure and awareness of this charity, because it really seems like something well suited to what this forum is all about. Perhaps it is time that we increased our presence at the Kiva Lending Team:P2P Lenders!
Join here: www.kiva.org/invitedto/p2p_lenders/by/jester
If every forum member joined up and lent out even just $25, this would create a real impact. The procedure is easy. Method:
The best way to lend here is to first create a Paypal account (free and easy), and lodge your payment details. This then gets linked to your Kiva account (dead easy). You can, alternatively, transfer cash directly by card, but this will incur extra costs. Costs through using Paypal are minimal (currency conversion fee), and every transaction will show you the £££ conversion first, so you will know exactly what the deduction will be. You can pay by your linked card or by a direct debit from your bank account. The DD is a one-off transaction each time.
How it works: The Kiva lending platform gives basic information relating to who you are lending to, and tonnes of information relating to the approved Field Partner of your chosen loan, which is the local credit-issuing organization. The Field Partner underwrites most loans i.e. the loan will usually already be approved and given out to the borrower. However, if the loan fails to be fully funded by the lending community within the 30 day window, it has then failed to fund, and then your loan amount will be returned to your account. The Field Partner will then still hold the loan themselves. The borrower pays interest on the loan, which is set by the Field Partner, and which covers their costs/leaves some for their credit business expansion, but you don't get any of this. Loan repayments go into your account, and there is of course the risk of default.
kiva.org is a really interesting website to look around, plenty of info. Have a look around and consider joining the team.
Tip: if you go to the last pages of loan requests, you will find all the loans that have yet to get any funding. You can thus kick-start the funding and thus increase its visibility on the platform. Or alternatively, look for loans that are running out of time to fill.
This forum is generally for people with plenty of cash to spare, and lending is what we do, so this whole concept really does seem like something well-suited to what this forum is all about. The P2P Lending Team should have a real presence there.
If joining up, post something here or in the other thread, this will help to keep the topic on the main page view.
(tho the team totals haven't updated yet)
