It’s been one year since I invested in Prosper and Kiva, two microfinance organizations that pool contributions from individuals to lend sums of money at low interest rates. Prosper lets lenders profit from interest payments. Kiva does not pay interest back to lenders.
So far, Kiva has a better return (0%) than Prosper (-2%). […]
It’s been about a month since I signed up with Kiva, a microfinance organization dedicated to providing loans to entrepreneurs in developing countries. Since then I’ve received feedback from three of the four entrepreneurs to whom I’ve lent money: Bazar Edgar of Guayaquil, Ecuador; Mariscos Don Felipe of Guayaquil; and Nen Phan of Dangkao […]
Recently I came across Kiva, an organization dedicated to microcredit. In short, Kiva works with local lenders in developing countries to get cash from individuals to entrepreneurs. The money is eventually returned to the local lender, who may charge interest to cover administrative costs, and the lender returns the principal to Kiva. […]