Making micro loans to people in third world countries

[svelte]

kiva.org is the best use of the internet I have ever seen. Truly it is. I am signing up as soon as I get home tonight.

Not only that, but I’m telling everyone I know (and I rarely mass email anything).

Thanks so much for sharing this with us…the amount it helps worldwide is immeasurable. I want to be a part of that.

[Diego Mamani]

[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]

I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.

[Diego Mamani]

[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]

I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.

[Diego Mamani]

[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]

I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.

[Diego Mamani]

[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]

I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.

[Diego Mamani]

[quote=jimmyle] The interest is usually about 12% and people in the third world usually have to pay 80% interest rate from local sources. By giving them a 12% interest rate, you are helping them trememdously and at the end you get your money back. [/quote]

I opened an account and made 8 25-dollar loans today. From what I read it looks like the borrowers (“entrepreneurs”) pay a lot more than 12% in interest. In any case, us (lenders) don’t get any interest, just the satisfaction of helping.

[Anonymous]

Thanks for mentioning this program. World Vision’s microcredit effort in Tijuana currently has about $500,000 loaned to over 1250 microentrepreneurs–and it’s growing! Our year-to-date loan loss rate is just 0.2%.

There are a couple ways to get involved to help expand the program to help more borrowers:
–Go to http://www.worldvisionmicro.org where you can donate at little as $25 or finance an entire loan and actually read about the hard-working person being helped. You can choose borrowers from several countries, and if you choose Mexico and snoot around a bit, you can find and finance Tijuana business-operators.
–You can also get some friends together and co-finance a loan through the site as a group!
–An entire revolving Community Bank of 10-25 borrowers can be underwritten for a $10,000 donation, and the funds recycle over and over to help more and more people over time. Email me at [email protected] if you’d like to underwrite one of these Community Bank giving circles (read more soon on the website above on how this brilliant group-loan strategy works to get loans to people with no collateral). Most of this underwriting is coming from San Diego entrepreneurs who want to find positive ways to address the economic disparity right across the border.

[Anonymous]

Thanks for mentioning this program. World Vision’s microcredit effort in Tijuana currently has about $500,000 loaned to over 1250 microentrepreneurs–and it’s growing! Our year-to-date loan loss rate is just 0.2%.

There are a couple ways to get involved to help expand the program to help more borrowers:
–Go to http://www.worldvisionmicro.org where you can donate at little as $25 or finance an entire loan and actually read about the hard-working person being helped. You can choose borrowers from several countries, and if you choose Mexico and snoot around a bit, you can find and finance Tijuana business-operators.
–You can also get some friends together and co-finance a loan through the site as a group!
–An entire revolving Community Bank of 10-25 borrowers can be underwritten for a $10,000 donation, and the funds recycle over and over to help more and more people over time. Email me at [email protected] if you’d like to underwrite one of these Community Bank giving circles (read more soon on the website above on how this brilliant group-loan strategy works to get loans to people with no collateral). Most of this underwriting is coming from San Diego entrepreneurs who want to find positive ways to address the economic disparity right across the border.

[Anonymous]

Thanks for mentioning this program. World Vision’s microcredit effort in Tijuana currently has about $500,000 loaned to over 1250 microentrepreneurs–and it’s growing! Our year-to-date loan loss rate is just 0.2%.

There are a couple ways to get involved to help expand the program to help more borrowers:
–Go to http://www.worldvisionmicro.org where you can donate at little as $25 or finance an entire loan and actually read about the hard-working person being helped. You can choose borrowers from several countries, and if you choose Mexico and snoot around a bit, you can find and finance Tijuana business-operators.
–You can also get some friends together and co-finance a loan through the site as a group!
–An entire revolving Community Bank of 10-25 borrowers can be underwritten for a $10,000 donation, and the funds recycle over and over to help more and more people over time. Email me at [email protected] if you’d like to underwrite one of these Community Bank giving circles (read more soon on the website above on how this brilliant group-loan strategy works to get loans to people with no collateral). Most of this underwriting is coming from San Diego entrepreneurs who want to find positive ways to address the economic disparity right across the border.

[Anonymous]

Thanks for mentioning this program. World Vision’s microcredit effort in Tijuana currently has about $500,000 loaned to over 1250 microentrepreneurs–and it’s growing! Our year-to-date loan loss rate is just 0.2%.

There are a couple ways to get involved to help expand the program to help more borrowers:
–Go to http://www.worldvisionmicro.org where you can donate at little as $25 or finance an entire loan and actually read about the hard-working person being helped. You can choose borrowers from several countries, and if you choose Mexico and snoot around a bit, you can find and finance Tijuana business-operators.
–You can also get some friends together and co-finance a loan through the site as a group!
–An entire revolving Community Bank of 10-25 borrowers can be underwritten for a $10,000 donation, and the funds recycle over and over to help more and more people over time. Email me at [email protected] if you’d like to underwrite one of these Community Bank giving circles (read more soon on the website above on how this brilliant group-loan strategy works to get loans to people with no collateral). Most of this underwriting is coming from San Diego entrepreneurs who want to find positive ways to address the economic disparity right across the border.

[Anonymous]

Thanks for mentioning this program. World Vision’s microcredit effort in Tijuana currently has about $500,000 loaned to over 1250 microentrepreneurs–and it’s growing! Our year-to-date loan loss rate is just 0.2%.

There are a couple ways to get involved to help expand the program to help more borrowers:
–Go to http://www.worldvisionmicro.org where you can donate at little as $25 or finance an entire loan and actually read about the hard-working person being helped. You can choose borrowers from several countries, and if you choose Mexico and snoot around a bit, you can find and finance Tijuana business-operators.
–You can also get some friends together and co-finance a loan through the site as a group!
–An entire revolving Community Bank of 10-25 borrowers can be underwritten for a $10,000 donation, and the funds recycle over and over to help more and more people over time. Email me at [email protected] if you’d like to underwrite one of these Community Bank giving circles (read more soon on the website above on how this brilliant group-loan strategy works to get loans to people with no collateral). Most of this underwriting is coming from San Diego entrepreneurs who want to find positive ways to address the economic disparity right across the border.

[Coronita]

I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.

Do we really think that when the world changes and we are poor, that there is going to be another nation in the world that will remember generous thing that Americans did and return the favor? I highly doubt this. You think folks in China are going to help us, folks in the Middle East, in Europe, in Asia? I seriously doubt anyone would give a hoots if we went under and have starving children here. In fact, several probably look forward to it.

So again, why are we helping out other people when we’re in trouble ourselves?

I understand the argument that we are all human and well also should help each other out all over the place, but one thing that bothers me is…. who really lended us a hand during Hurricane Katrina (besides Canada, aye ) or during 9/11…I don’t think there is anyone else in the world more generous than people here.

It’s like what the flight attendants say…Put your mask on first, then put on the mask of others….Dude, the planes going down, a lot of us aren’t wearing masks to be helping the other ones put on theirs.

[Coronita]

I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.

Do we really think that when the world changes and we are poor, that there is going to be another nation in the world that will remember generous thing that Americans did and return the favor? I highly doubt this. You think folks in China are going to help us, folks in the Middle East, in Europe, in Asia? I seriously doubt anyone would give a hoots if we went under and have starving children here. In fact, several probably look forward to it.

So again, why are we helping out other people when we’re in trouble ourselves?

I understand the argument that we are all human and well also should help each other out all over the place, but one thing that bothers me is…. who really lended us a hand during Hurricane Katrina (besides Canada, aye ) or during 9/11…I don’t think there is anyone else in the world more generous than people here.

It’s like what the flight attendants say…Put your mask on first, then put on the mask of others….Dude, the planes going down, a lot of us aren’t wearing masks to be helping the other ones put on theirs.

[Coronita]

I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.

Do we really think that when the world changes and we are poor, that there is going to be another nation in the world that will remember generous thing that Americans did and return the favor? I highly doubt this. You think folks in China are going to help us, folks in the Middle East, in Europe, in Asia? I seriously doubt anyone would give a hoots if we went under and have starving children here. In fact, several probably look forward to it.

So again, why are we helping out other people when we’re in trouble ourselves?

I understand the argument that we are all human and well also should help each other out all over the place, but one thing that bothers me is…. who really lended us a hand during Hurricane Katrina (besides Canada, aye ) or during 9/11…I don’t think there is anyone else in the world more generous than people here.

It’s like what the flight attendants say…Put your mask on first, then put on the mask of others….Dude, the planes going down, a lot of us aren’t wearing masks to be helping the other ones put on theirs.

[Coronita]

I am going to ask a very crass question. Why do folks feel compelled to help people in other countries when there are several kids/children starving in this country? Just curious.

Do we really think that when the world changes and we are poor, that there is going to be another nation in the world that will remember generous thing that Americans did and return the favor? I highly doubt this. You think folks in China are going to help us, folks in the Middle East, in Europe, in Asia? I seriously doubt anyone would give a hoots if we went under and have starving children here. In fact, several probably look forward to it.

So again, why are we helping out other people when we’re in trouble ourselves?

I understand the argument that we are all human and well also should help each other out all over the place, but one thing that bothers me is…. who really lended us a hand during Hurricane Katrina (besides Canada, aye ) or during 9/11…I don’t think there is anyone else in the world more generous than people here.

It’s like what the flight attendants say…Put your mask on first, then put on the mask of others….Dude, the planes going down, a lot of us aren’t wearing masks to be helping the other ones put on theirs.

[Author]

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