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Thirdshifter
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  #1 Old 13-04-2008 Default Let's Kiva!

On kiva.org, you can loan money to people in developing nations, and then you're paid back over the term of the loan at 0%.


Fotil Kodirov


Fotil Kodirov is 47 years old. He is married and has 2 children. He has a high school education. He works as a supervisor in the local farm called "Dyust". "Dyust" maintans an area of 23.10 hectares. He supervises a group of 15 people (which includes his family members). On the farm, the workers plant cotton, wheat, corn, and onions. He has been a client of MicroInvest since 2006. The first credit was in the amount of 2,000 som ($575). Using that credit, Fotil planted onions on 2 hectares of land. He was able to get a profit of 5,000 som ($1450). Using that money he fixed his house. This time, he is asking for 3,000 som ($875), so he could plant onions and wheat on 1 hetare of land each.

http://www.kiva.org/app.php?page=bus...about&id=39688

Yes. this is legit. And i'm definitely not trying to spam anyone here! The only downside of this is, it only accept pay pal.

I sent him 50 bucks.
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capablanca Male
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  #2 Old 13-04-2008 Default

Wow, is this some charity work of some sort? Send me $100 and I'll repay you in 10 years.
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  #3 Old 15-04-2008 Default

Yeah I've heard of this before. It's more about helping people out in business by getting other people to give them micro-loans. Pretty awesome concept imo
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  #4 Old 01-06-2008 Default

Yeah. Heard of this long time ago. Its a charity-based concept. You know, many people only need a little push in their lives to have a better future. Some only need as little as USD100 as the capital they need. Then after they succeed, they'll pay back the money without interest. So if you decide to lend them, be prepared to NOT gain anything. There is a bank in Africa based on the same model and the founder of the bank won Nobel Peace Price.

Go to this thread http://recom.org/forum/showthread.php?t=5618 to read more.
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  #5 Old 07-07-2008 Default

http://www.kiva.org/app.php?page=bus...about&id=39688

he had paid back 17%.

Kiva was featured on PBS-Frontline http://www.youtube.com/watch?v=MXk4GUGXNTQ
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