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Post by p2perrr on Jul 28, 2018 13:56:52 GMT
$10,000
Go Team !
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Post by Butch Cassidy on Oct 8, 2018 15:44:52 GMT
Just had my first defaulted loan, $17.70 repaid so $7.30 written off, "..for helping get clean drinking water to families in need in Laos." I am happy that the full $25 helped fund the water project so have no issue with the rest being defaulted.
I treat all my Kiva loans & "invested money" as charity donations, so whilst I recycle repayments to fund more loans I do not expect any money to be returned to me personally, so it doesn't hurt like some normal P2P defaults might. Just noting the event here for interest & to give a full & open account of how the whole experience works. For the record I have so far achieved 54 loans totalling $1350 so $7.30 is only ½% of my overall Kiva impact.
If you are not yet involved please do take a couple of minutes to read up about this very beneficial P2P charitable scheme, as I think you will find it worthy of your support. P2P Forum members have collectively funded $12000 across 456 loans.
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Nomad
Member of DD Central
Posts: 755 
Likes: 513
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Post by Nomad on Oct 8, 2018 16:08:31 GMT
If you are not yet involved please do take a couple of minutes to read up about this very beneficial P2P charitable scheme, as I think you will find it worthy of your support. P2P Forum members have collectively funded $12000 across 456 loans. Done!
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Post by p2perrr on Oct 8, 2018 19:25:58 GMT
Yep - I have a few 'delinquent' loans but, in the great scheme of things, the total amount is negligible compared to the way my Pensions and ISAs go up and down.
I feel it is better to give micro businesses a chance to manage their own finances than simply to give an anonymous lump sum to charities.
(That said, Sight Savers and Water Aid will always get my vote.)
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