Author Topic: Kiva.org - lend money via CC/GC  (Read 4514 times)

Offline yids

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Kiva.org - lend money via CC/GC
« on: October 23, 2014, 04:33:21 PM »
Has anyone heard of this?
Seems like a great way to MS, unload GC - as long as you have the money to float for a few months...

http://www.kiva.org
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Offline lunatic

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Re: Kiva.org - lend money via CC/GC
« Reply #1 on: October 23, 2014, 04:35:36 PM »
Fm has a post about it. Like you said,  you have to float the money,  most people don't want to

Offline srap

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Re: Kiva.org - lend money via CC/GC
« Reply #2 on: October 23, 2014, 04:36:35 PM »
Has anyone heard of this?
Seems like a great way to MS, unload GC - as long as you have the money to float for a few months...

http://www.kiva.org
or longer.....or muuuuuuchhhhh longer....

Offline MC

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Re: Kiva.org - lend money via CC/GC
« Reply #3 on: October 23, 2014, 04:36:54 PM »
Plus the risk factor

Offline yids

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Re: Kiva.org - lend money via CC/GC
« Reply #4 on: October 23, 2014, 04:58:13 PM »
Well according to their stats - they have a 98% repayment history, and they clearly say how long the loan is for.. You can just choose the 6 month ones..
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Offline Redbull3

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Re: Kiva.org - lend money via CC/GC
« Reply #5 on: October 23, 2014, 04:59:42 PM »
I had been planning on picking up the us bank cash plus card which gives 5% on charity on Kiva for a long time the next I was in Illinois (need to apply in branch but don't have in NY) but have been putting that off, now I hear that they are capping it anyway :(.

Offline Redbull3

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Re: Kiva.org - lend money via CC/GC
« Reply #6 on: October 23, 2014, 05:00:14 PM »
Well according to their stats - they have a 98% repayment history, and they clearly say how long the loan is for.. You can just choose the 6 month ones..

Thought it was over 99%

Offline yids

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Re: Kiva.org - lend money via CC/GC
« Reply #7 on: October 23, 2014, 05:03:45 PM »
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Offline srap

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Re: Kiva.org - lend money via CC/GC
« Reply #8 on: October 23, 2014, 05:07:35 PM »
Having to come up with and pay back a lot of money is not easy.  Having to come up with and pay back an enormous amount of BIG money is nearly impossible as we have seen in some of the scams that have been and are going around. 
 
Even if they have good intentions, they may be getting over their heads if they do get a big influx of money.

Offline Redbull3

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Re: Kiva.org - lend money via CC/GC
« Reply #9 on: October 23, 2014, 05:10:03 PM »
Having to come up with and pay back a lot of money is not easy.  Having to come up with and pay back an enormous amount of BIG money is nearly impossible as we have seen in some of the scams that have been and are going around. 
 
Even if they have good intentions, they may be getting over their heads if they do get a big influx of money.

Who is "they"?
You can divide up let's say a $5,000 investment into 200 different $25 loans/people.

Offline srap

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Re: Kiva.org - lend money via CC/GC
« Reply #10 on: October 23, 2014, 05:17:17 PM »
Who is "they"?
You can divide up let's say a $5,000 investment into 200 different $25 loans/people.
Ok.  I just read the Risk and Due Diligence section.  IMO anyone loaning money to this wonderful cause to empower people may as well write off their money as a donation that they can pay with a CC/GC.  If they do get it back it will be a gift from Hakadosh Baruch Hu.  End.

Offline avadah

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Re: Kiva.org - lend money via CC/GC
« Reply #11 on: October 23, 2014, 05:32:04 PM »
It's not a cash advance?

Offline yids

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Re: Kiva.org - lend money via CC/GC
« Reply #12 on: October 23, 2014, 05:38:39 PM »
Ok.  I just read the Risk and Due Diligence section.  IMO anyone loaning money to this wonderful cause to empower people may as well write off their money as a donation that they can pay with a CC/GC.  If they do get it back it will be a gift from Hakadosh Baruch Hu.  End.

Why be a hater - there are some amazing reviews online and amazing satisfaction ratings... If you put it down and they say it will get back in 6 months, and remove the currency exchange risk than it doesn't seem like such a crazy thing..
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Offline srap

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Re: Kiva.org - lend money via CC/GC
« Reply #13 on: October 24, 2014, 02:43:06 AM »
Why be a hater - there are some amazing reviews online and amazing satisfaction ratings... If you put it down and they say it will get back in 6 months, and remove the currency exchange risk than it doesn't seem like such a crazy thing..
I'm not a hater at all.  I'm realistic.  In addition to what I said above, I believe in what we are taught that chesed begins at home.  If I am going to be giving a donation, I'd rather give it to a fellow yid.

Offline yids

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Re: Kiva.org - lend money via CC/GC
« Reply #14 on: October 24, 2014, 03:20:29 AM »
Who said I'm doing it for the Chessed. I would do it cos they take CC :)
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Offline Emkay

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Re: Kiva.org - lend money via CC/GC
« Reply #15 on: October 24, 2014, 08:41:34 AM »
Who said I'm doing it for the Chessed. I would do it cos they take CC :)
I also take cc

Offline Emkay

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Re: Kiva.org - lend money via CC/GC
« Reply #16 on: October 24, 2014, 08:41:34 AM »
Who said I'm doing it for the Chessed. I would do it cos they take CC :)
I also take cc

Offline Redbull3

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Re: Kiva.org - lend money via CC/GC
« Reply #17 on: October 24, 2014, 08:43:21 AM »
I also take cc

And don't charge a processing fee, and want an interest free loan?

Offline DrDanny

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Re: Kiva.org - lend money via CC/GC
« Reply #18 on: October 24, 2014, 09:39:52 AM »
They have loans to a long list of countries including the  USA, but not one loan to Israel.
If you want like to help out this Mr Jihad that's a option as well. Ya know it's not free building those tunnels.

Offline Emkay

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Re: Kiva.org - lend money via CC/GC
« Reply #19 on: October 24, 2014, 09:43:50 AM »
They have loans to a long list of countries including the  USA, but not one loan to Israel.
If you want like to help out this Mr Jihad that's a option as well. Ya know it's not free building those tunnels.
I'm pretty sure that is Israel