Log in

No account? Create an account
Goats, gripes, and grasping for greatness
Giving a little good 
31st-Oct-2011 02:50 pm
I got one of my favorite automated e-mails today. My Kiva.org loans had been repaid to the point that my balance would allow another loan to go out (they go in $25 increments). So I got to pick another person for whom I could play the Hope Fairy. Somewhere out there, someone with a dream to better his/her life through a family business, better farm, etc. is now a tiny bit closer to that investment. I love the microinvestment strategy. It spreads risk, and gets more people participating in the economy.

And I love that I can do this with the same initial investment, repaid and recirculated as the loans come back. It's not a gift of money that I'm giving (since it's a loan), but it is a gift of hope. The recipients get to add the hard work and dilligence through which that seed will grow. I just made my 14th loan through Kiva out to people who could use the bump in their businesses and fortunes.

If anyone would like to join the goodness, please go here to look at Kiva's offerings and mission statement.
1st-Nov-2011 02:48 pm (UTC)
I am really interested in this, when I can scrape together the $25 initial investment. I'd definitely be doing it like you are: Make enough interest to relend, not to turn a personal profit.

Do you gain anything by me joining your group? Are there benefits to me doing that, versus starting my own?

Thanks for continuing to remind everyone of Kiva. It keeps bringing it to the forefront of my mind, and reminding me that it's on my list of to-dos.
1st-Nov-2011 04:41 pm (UTC)
They keep stats on who accepts invitations, but that's it. Once you've joined, you are your own entity, and any invitations you send out are "credited" to you. I don't know of any benefits to having invitations besides bragging rights, honestly.
This page was loaded Mar 26th 2019, 4:14 pm GMT.