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RE: KIVA UPDATE Make a Farm and Food project loan today
I noticed KIVA a few years ago and thought it sounded like a good idea, but can you give me a little more insight into how it works in practice.
How many loans have you made and how many have been paid back? Have any failed? Did you make a profit on the loans?
Intrigued and hope to hear from you.
Thanks for your interest in KIVA, you can see all my loans at https://www.kiva.org/lender/stephen2333.
I have added just over us$100 in capital and this have funded 21 (us$25) loans. I have had 1 total loss and 1 partial loss. You do not make profit on the loans, any profit goes to run the Local partners.
Ok that's pretty cool still. I guess it could be called an "advanced charity" then so to speak.
I hope you become a KIVA lender and add your loan to team Steemit.