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Post by Deleted on Sept 28, 2020 13:30:17 GMT
Just an update; the 52 P2P members who have lent to Kiva (and therefore made more than their loans to COL) have now lent $28k via almost 1100 loans to good causes around the world. You could make it 53....
kiva.org
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Post by Deleted on Sept 29, 2020 12:08:01 GMT
For sure and I do, but Kiva does something interesting, it lends the cash to named individuals and for specific projects. This level of detail is, in itself, interesting and since the borrower pays back (normally) it stretches the old brain cells a bit to choose the right ones.
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keitha
Member of DD Central
2024, hopefully the year I get out of P2P
Posts: 3,864
Likes: 2,305
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Post by keitha on Oct 10, 2020 10:08:15 GMT
Well I invested a few months ago because I felt it was a good thing to do, and I'm furious.
a) they pay intermediaries to run the loans
b) they email me 2-3 times a week asking for more
they even had the cheek to say one of my loans repaid but the amount in my account was insufficient to make a new loan so in "needed to top my account up"
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Steerpike
Member of DD Central
Posts: 1,961 
Likes: 1,680
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Post by Steerpike on Nov 2, 2020 16:07:56 GMT
I started lending through Kiva in 2017 and don't recall ever receiving an excessive number of emails, I think they just email once a month, if there is significant loan news, or a balance that could be lent. The Email Settings option can be used to suppress all but essential emails if required.
Sometimes I add a top up so that I can make extra loans and at other times I leave the balance to accumulate until there is enough for another loan. In total, I have lent more than three times the amount I have deposited and lost less than 10%. Most of the loans have been successful and I am glad to have been able to help.
I trust Kiva to select and manage local Field Partners and in general the process seems to work well.
The P2P Lenders Team is up to 51 members and 1,128 loans with total amount funded of $29,200.
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Post by Deleted on Nov 2, 2020 16:43:19 GMT
I expect the intermediaries to be paid.
I get an email when i receive cash
I know to only invest when I have more than $25 in the account
I only tip them the amount i have greater than $25
email frequency can be set in your settings, or just drop them an email, they are very helpful
Don't let anger overcome generosity
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