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Old May 16, 16, 7:51 am - Wikipost
Cpi-Web Forums Thread Wiki: FlyerTalker Lending Team on Kiva.org!
Please read: This is a community-maintained wiki post containing the most important information from this thread. You may edit the Wiki once you have been on FT for 90 days and have made 90 posts.
Last edit by: JDiver
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The Cpi-Web Lending Team on Kiva:
improving lives a small loan at a time.

Kiva.org is the not-for-profit microlending organization that networks people willing to lend to small entrepreneurs in developing nations using available technology and international networking / collaboration, and how Kiva.org had become an approved Cpi-Web charity thanks to TalkBoard's approval June 29, 2008 <link> It is listed on the Cpi-Web Cares page.

Quote:
"Kiva is a grassroots project started by a team with a big idea: one-to-one, real-time lending to the poor via the Internet. Currently, we take no cut of the loan you make through our site -- 100% goes to the entrepreneur. We suggest a 10% donation, in addition to your loan, to help us cover our costs. Kiva is a 501(c)(3) nonprofit and your donation is tax-deductible for US taxpayers." (Suggested donations for administrative overhead, low though that is, are not required - you may lend 100% if you so choose.)
Since June 2008, a FlyerTalker Lending Team has formed on Kiva.org; there were ten of us with 55 loans worth $1,375.00 as of Feb 27, 2009. But...

As of 15 May 2016 it's 607 Cpi-Web lending team who have lent $2,209,175 in 37,092 loans!

Our motto is: "We loan because: We want to fight global poverty while earning miles."

This is tangible evidence Cpi-Web Cares! There are likely other FlyerTalkers on Kiva who have not joined - if you are one of them, do so now to show your and FT's support and involvement. If you haven't lent yet, check it out - you may want to join up. For the low-income entrepreneurs on five continents who are requesting loans, microlending is significant - and it takes a lot of drops to fill the bucket. (Read on to see updates!)

Now, we can see this sophisticated network link resources from those who can lend (no interest, sorry!) with those who are needy, worthy and screened by local NGOs and have a need to start / expand their small business to enhance their and their families' survival. And, using PayPal and your FFP/FFG linked card or account, you can earn miles or points with many loans!

FlyerTalkers are lending, and fulfilling one of FT's seminal values, that of "paying it forward."

Read more about Kiva.org, who supports and enables it (Intel, Google, Paypal, Intuit and many others,) and see if you have $25.00 (or more) you can lend someone deserving in a land you have visited and enjoyed (or not.)

This is how it works:


Add your experiences here, or if you haven't joined... won't you consider joining the FlyerTalker Lending Team?

You can see who the latest FT borrowers are (some still possibly needing loans) here

For ease, you can click here: Subscribe to FlyerTalker Lending Team on Kiva.org
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Old Sep 16, 17, 2:40 pm #1276
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, The Suggestion Box and Talkboard Topics
Original Poster

Join Date: May 2000
Location: NorCal - SMF area
Programs: AA EXP / 5.5 MM; HH <>; SPG Gold; Maître-plongeur des Muccis
Posts: 56,369
Quote:
Originally Posted by TomMM View Post
Any stats on the repayment rate?
I know in general, repayment rates exceed 97%.

In my personal experience, with $28,405 lent in total in 1,065 loans, I've had three loans go belly up - and those were partially repaid.

Given most loans are $25.00 per lender, I reckon I'm out of ~$50.00 over my tenure with Kiva. I'm sure I've spent $50 less wisely.
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Old Sep 20, 17, 2:11 pm #1277

Join Date: Aug 2001
Location: NJ, USA
Programs: UA 1K
Posts: 567
Just joined after accidentally stumbling on to this thread. Made a small loan to a project in Congo - will be reading up about this more to educate myself and make my next few loans count.

Thanks for starting this team!
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Old Sep 21, 17, 2:33 am #1278
Moderator: American AAdvantage & TravelBuzz

Join Date: Nov 2007
Location: BOS
Programs: AA EXP, SPG Plat
Posts: 9,448
Quote:
Originally Posted by pindi View Post
Just joined after accidentally stumbling on to this thread. Made a small loan to a project in Congo - will be reading up about this more to educate myself and make my next few loans count.

Thanks for starting this team!
Welcome to the team!

If you have any questions, please feel free to post here. As you can see, we are pretty open to discussioning all sides of microfinancing.
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Old Sep 29, 17, 8:54 am #1279

Join Date: Aug 2008
Location: Somewhere in Florida
Posts: 1,214
I've been doing this for about a year. My stats:

Total loans: 230
Total lent: $6,550.00
Total lost: $0.18
Amount of currency loss: $0.18

For those keeping score, that works out to ~$28.47 lent per loan, $0.000027 per dollar lost. The $0.18 total lost is due to currency losses.

I use KivaLens.org to find my loans. My filters are Risk Ratings: 3* to max, Default rate: min-0.3 percent. The majority of my loans end up going to Peru & Philippines. Nothing intentional about those countries, rather their organizations keep defaults low and currencies stable enough that I know I'm going to get a decent amount back. Sadly, I avoid the US loans as their batting averages are quite low. Keep in mind that credit in the USA is handed out like candy, so if someone's not able to obtain credit via traditional means in the USA, something's up.

I'm not sure where else you can pick up 32,000 UR points for $0.18.
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Old Oct 13, 17, 8:08 pm #1280
2017 FT Secret Santa

Join Date: Mar 2016
Location: ATL
Programs: UA, DL, HH Silver, IHG plat
Posts: 5
So i signed up, joined team FT, credited $50 to my account, made 2 loans, and then it was requiring a "mandatory donation" of 15%, is this an occurrence on every loan that i will contribute to moving forward, or a 1 off? I don't want to seem ungrateful for the opportunity to participate, but I'm not keen on being hit for a donation right away in addition to the loan portion of it...
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Old Oct 13, 17, 11:45 pm #1281

Join Date: Jan 2014
Posts: 1
I was not quite clear of the donation portion, but am thrilled to help someone who are not just asking for donations, but asking for help to help themselves. It is so little compared to the solicitations I constantly get once I donate to a charity
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Old Oct 14, 17, 11:16 am #1282

Join Date: Aug 2013
Programs: UA-GS, Hyatt-Diamond
Posts: 476
Quote:
Originally Posted by b00mer89 View Post
So i signed up, joined team FT, credited $50 to my account, made 2 loans, and then it was requiring a "mandatory donation" of 15%, is this an occurrence on every loan that i will contribute to moving forward, or a 1 off? I don't want to seem ungrateful for the opportunity to participate, but I'm not keen on being hit for a donation right away in addition to the loan portion of it...
I assume you’re referring to the donation that goes directly to fund Kiva? I’ve never seen a mandatory donation (kinda an oxymoron, huh?). I’ve only ever seen the web page enter a suggested donation amount, which I could override.

ETA: I just went to the site, made a loan, and on the checkout page, I see the “Optional Donation to Kiva’s Operational Costs” box, with $3.50 suggested in the box. I changed it to $0.00, then hit checkout. The $3.50 remained there on the resulting page. Turns out you really do have to hit that little “update” link next to the $value box for it to really remove that $3.50. I went back a page, entered $0, hit update, the $3.50 was removed, and then on the resulting page, the “Optional Donation” really was set to $0.00.

Last edited by USHPNWDLUA; Oct 14, 17 at 11:21 am Reason: Added detail
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Old Oct 14, 17, 11:41 am #1283
2017 FT Secret Santa

Join Date: Mar 2016
Location: ATL
Programs: UA, DL, HH Silver, IHG plat
Posts: 5
Quote:
Originally Posted by USHPNWDLUA View Post
I assume you’re referring to the donation that goes directly to fund Kiva? I’ve never seen a mandatory donation (kinda an oxymoron, huh?). I’ve only ever seen the web page enter a suggested donation amount, which I could override.

ETA: I just went to the site, made a loan, and on the checkout page, I see the “Optional Donation to Kiva’s Operational Costs” box, with $3.50 suggested in the box. I changed it to $0.00, then hit checkout. The $3.50 remained there on the resulting page. Turns out you really do have to hit that little “update” link next to the $value box for it to really remove that $3.50. I went back a page, entered $0, hit update, the $3.50 was removed, and then on the resulting page, the “Optional Donation” really was set to $0.00.

I see, next time around I'll have to try it again, goes to a good cause so not overly torn up about it, was just kind of frustrating as they didn't do a great job spelling it out IMO. appreciate the insight and i look forward to dumping a little more in every month to watch it grow.
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Old Oct 14, 17, 11:49 am #1284

Join Date: May 2015
Location: LEX
Programs: HH Diamond
Posts: 19
Excited to find this thread! I invested in Kiva many, many (>10 yrs) years ago, and I loved it! I love knowing that I can be part of a larger group of people helping others. Needless to say, I’m all signed up, and invested in my first loan! Thanks for helping discover Kiva again.
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Old Oct 14, 17, 1:59 pm #1285

Join Date: Jun 2010
Location: Chicagoland
Programs: AA 3mm ltp, QF gold, BA gold, SWA CP, Hertz 5* *wood, HH
Posts: 59
"Join the Kiva Cpi-Web micro-credit lending team."

Was searching on FT for something else today, and noticed the banner. Been a long time since I logged in to my Kiva acct and found half of my funds were back avail as a credit. So, I went on a blitz, whipped thru the credit, and added some additional funds.

Impressed to see that Fters have shot past $3mil and on the way to $4mil of total loans made. Taking into account the very meager default rate and reasonable donations to Kiva ops, this might be, hour for hour, some of the cheapest entertainment on the internet.

Now, back to my research on EQDs
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Old Oct 15, 17, 3:15 pm #1286
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, The Suggestion Box and Talkboard Topics
Original Poster

Join Date: May 2000
Location: NorCal - SMF area
Programs: AA EXP / 5.5 MM; HH <>; SPG Gold; Maître-plongeur des Muccis
Posts: 56,369
I am so proud to be a member of the Cpi-Web Kiva Lenders Team! Glad you're here, everyone.

762 micro-lenders have made 54,860 microloans to people in need of a hand up to the total of $3,679,975 to date.

2015: $834,600

2016: $849,075

2017 to date (15 Oct): $951,750

It looks like 2017 will be our first million dollar year!
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Old Oct 17, 17, 6:48 pm #1287

Join Date: Sep 2009
Programs: Hertz 5 **, soon-to-be-ex PC plat, MR Gold, DL
Posts: 43
The PayPal matching offer was a great reminder that it was time to give again and, as a bonus, today I had the rare opportunity to put "one of ours" over the top. Kiva is the best and I owe my participation to FlyerTalk.
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Old Oct 18, 17, 4:01 am #1288
Moderator: Lufthansa Miles & More, External Miles & Points Resources

Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 33,525
The donation is not mandatory, if you click on the amount you can dial it down to 0.

What annoys me the most is that they happily pass on the risk of default, but don't share the profits they make and ding you for 'donations' to Kiva on top. The recepients of the loan also pay interest for the loan to the local agency, which is shared by Kiva too.
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Old Oct 18, 17, 10:44 am #1289
Moderator: American AAdvantage, Mexico, Technical Support and Feedback, The Suggestion Box and Talkboard Topics
Original Poster

Join Date: May 2000
Location: NorCal - SMF area
Programs: AA EXP / 5.5 MM; HH <>; SPG Gold; Maître-plongeur des Muccis
Posts: 56,369
Quote:
Originally Posted by oliver2002 View Post
The donation is not mandatory, if you click on the amount you can dial it down to 0.

What annoys me the most is that they happily pass on the risk of default, but don't share the profits they make and ding you for 'donations' to Kiva on top. The recepients of the loan also pay interest for the loan to the local agency, which is shared by Kiva too.
I'd not be in favor of no interest loans, believing the borrower must have skin in the game. The local micro lender also has expenses - offices, staff, servicing the loan and often providing technical assistance. Often enough servicing the loan and providing technical support require a staff use bike or moto to go out into remote and rural areas to deal with the borrower.

And Kiva itself, as a loan aggregator with costs including marketing, loans processing and administrative costs vetting and working with the US sponsors, local lenders and regulators in loco. TANSTAAFL. The alternative is no micro loans for the entrepreneur on the ground who will be laughed out of a normal bank and have to resort to usurious and often criminally associated lenders.

I don't object to supporting these costs. If someone objects to supporting Kiva, as you mention it's pretty easy to opt out. And over the years, as I posted recently,

"In my personal experience, with $28,405 lent in total in 1,065 loans, I've had three loans go belly up - and those were partially repaid.

Given most loans are $25.00 per lender, I reckon I'm out of ~$50.00 over my tenure with Kiva. I'm sure I've spent $50 less wisely."
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Old Oct 18, 17, 7:24 pm #1290
Moderator: American AAdvantage & TravelBuzz

Join Date: Nov 2007
Location: BOS
Programs: AA EXP, SPG Plat
Posts: 9,448
Quote:
Originally Posted by oliver2002 View Post
The donation is not mandatory, if you click on the amount you can dial it down to 0.

What annoys me the most is that they happily pass on the risk of default, but don't share the profits they make and ding you for 'donations' to Kiva on top. The recepients of the loan also pay interest for the loan to the local agency, which is shared by Kiva too.
Trying to understand the gripes listed above...

- "happily pass on the risk of default": yes, that's the model of most micro-financing. The platforms facilitate the transfer of money between the lenders (i.e., us) and the partners (e.g., microfinance institutions "on the ground" that disburse, administer loans to the actual end borrower). It seems to be pretty transparent that money we lend could potentially default.
- "don't share the profits they make": yes, they're a US non-profit entity. We're not shareholders in their company. The revenue that Kiva generates goes back into supporting the company. I don't think they've ever stipulated that lenders like us get dividends or any positive returns on our loans. Kiva does not "profit" from any returns on the capital that you or I choose to loan.
- "ding you for donations": Kiva has a full office of IT staff, field partner managers, marketing staff, corporate partnership staff, HR, finance/tax operations, etc. Some of that payroll and rent cost is offset from sponsorship and foundations, but much of it is via private donations. Kiva should make it clear that it's an optional donation, but it goes to support their basic operations.
- "recipients of the loan also pay interest for the loan": True. The micro financing institution (MFI) on the ground has to pay staff and rent to maintain an office full of people to recruit borrowers, administer the loan, collect on the loan, some provide educational programs, etc. The interest that gets paid by the borrower supports the actual local MFI, not Kiva.
- "which is shared by Kiva too": I'm confused by this. Kiva does not share in any profits from the MFIs. Kiva simply facilitates the transactions of interest-free loans from the Kiva lenders and the repayments from the hundreds of local micro-finance institutions. The interest charged by the MFIs goes directly to the MFIs. (And yes, some of those interest rates are VERY high to those of us who have easy access to capital. But servicing a loan in some parts of the world is very expensive - to collect the equivalent of $.50 a week from a lender could be an 5+ hour round-trip journey for someone on bus/bike/motorcycle/tuk-tuk.)

Microfinancing has its pros and cons, and the research out there is still mixed on the actual long-term benefits of microfinancing.

But I'm fairly close to the Kiva team and operations (having just spent a day with their leadership team a few months ago). Each of us can decide what they want to do with their money - eat, drink, travel, be merry, make loans, etc. But let's have an open, fact-based conversation...
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