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Title: Microcredit - Kiva Post by: garilou on December 30, 2008, 11:45:03 PM Hello,
Following a discussion started in another thread: Quote Actually I just invested some money at www.kiva.org a financial investment sure to generate a negative real rate of return. (Figured they could use a plug here -- if one is rich enough to gamble in the market....) , I think it is a good idea to split a new topic to continue this interesting discussion.Feel free to comment and to add more if you have any insight about the topic of microcredit. Oh wow! I've heard a lot about micros credit, mostly from Bangladesh This is really something I have admired since the first time I heard about it, and was so happy when that "banker" Muhammad Yunus received the Peace Nobel price! We heard so much about the opposite: greedy people lending money to poor people and taking their kids to make them work till the loan was reimbursed, which meant never. I saw those poor little boys diving for shrimps and I never bought shrimps from that country anymore, which I did before, thinking I was helping.... But I would never have thought individuals could participate. I spent a lot of time on the kiwa web site. How have you come to really trust this particular organization? Your rate of return will probably not very high in $$$, but I'm sure it will be the best investment you ever did in your life! I don't think I need to tell you "Good luck" anymore! Louise Title: Re: Microcredit - Kiva Post by: DCA on September 04, 2010, 04:02:47 PM Just returned from a business trip to India. Found another microcredit orginization.
This one is http://www.rangde.org A little different in that this gives a 2% return to the lender. Better than some bonds lately. D Title: Re: Microcredit - Kiva Post by: DCA on October 01, 2013, 12:37:37 PM This thread needs a little refreshing to give Kiva http://www.kiva.org/ (http://www.kiva.org/) a little plug.
$2.8 million loaned this week and a 99% repayment rate. (Better than the repayment rate on student loans in Canada) Give to a worthy cause. People that earn money - spend money, and that helps stock prices. |