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Kiva Team Caedes

+philcUK
09/05/08 3:35 PM GMT
A while back a friend introduced me to a charity called Kiva that, basically, facilitates for individuals or groups to provide loans and financing to entrepreneurs and businessmen/women in the developing world to help build a life for themselves.

It isn't charity as such - you merely provide loans to these people that they then repay over a period of time - once the loan is repaid, you can choose to reclaim the money or lend it again to another person.

you can loan as much or as little (well, sort of, $25 is the minimum loan amount I think) as you like and - because its run by a charity - the tax man will love you for it, or at least be mildly fond of you.

I set up a lending team for any Caedes members interested in joining which can be accessed here

have a look see and join in if you want/can.
0∈ [?]
A smart bomb is only as clever as the idiot that tells it what to do

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::Nikoneer
06/20/12 2:57 PM GMT
Paragraph Breaks? How do you spell that? I thot we was jist talkin'? 8P

That first quote must have been from a while ago. I'm up to 63 now, and as I've said before, I'm not a rich guy. Half of these loans came from pocket change over nearly 2 years (became a lender in early July 2010), and the rest are simply me re-lending the loans that have been paid back. (However, I'm still just a piker when compared to some of these lender types... there's one guy who makes about $200 in loans every day! "Paying it back" I'm guessing.)

-Nik
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If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
+purmusic
06/20/12 10:11 PM GMT
(*points two back..*)

A couple of edits to clarify the sources of the quotes, Nik, and.. some freebie advertising.

... ...

Lunch, on the other hand.. is going to cost you an arm and a leg.

:oP
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::Nikoneer
08/28/12 2:42 PM GMT
Another cool feature of the Kiva site is something I used just a couple days ago. Kiva of course keeps track of the entrepreneurs you make loans to. A number of months back I had joined with others to make a loan to a lady in Kenya who runs her own grocery store (a small store but a grocery store, nonetheless). She just took out another loan and Kiva gave me the heads up on that so I could make another loan to her. I feel very safe in loaning to her again because she paid me and the others back before, proving that she'll do the same again. The vast majority of these people are honest, hard-working folk (their repayment rate right now is 98.97%!!!) and no one should be worried about taking this particular plunge. To be honest I did have one entrepreneur default partway through her loan (she paid back about a third before she defaulted) and I also had two who weren't able to finish the full repayment (one fell short by 11 cents and the other by 9 cents -- Oh, the humanity!), but that is a very small default rate considering only one actually failed out of the 71 loans I've made in the past year-and-a-half.

"I have always believed helping your fellow man is profitable in every sense, personally and bottom line." -- Mario Puzo

-Nik
3∈ [?]
If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
::Nikoneer
09/16/12 6:17 PM GMT
Checking on Team Caedes today I see we are only $100 away from reaching $10,000 in loans made by this team. It might seem daunting but the majority of those loans has been simply re-loaning what's been paid back to us. And that's with only 12 members on the team. Imagine how much more we could accomplish if more of you became members?

-Nik
3∈ [?]
If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
.marcaribe
09/25/12 8:29 PM GMT

I just made my 20th loan on Kiva. Our team of 12 is now only $75 from the $10,000 mile stone. Please think of joining at this time and help us reach 10K. If you join you will get free money! ...here is are the details of this fabulous bonus offer. When one of your friends joins Kiva, you’ll both get to make a $25 loan for free.
For a limited time, existing lenders can make loans for free too! For each new user you successfully invite to Kiva, we’ll give you a $25 bonus to make a loan for free. Now how can you beat a deal like that!
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Please Join The Caedes Kiva Team
+purmusic
10/15/12 3:29 AM GMT
Congratulations to Diane on reaching her 20th loan.

And a thank you to Nik for his continuing efforts to highlight Kiva and their ongoing global efforts in our space.


In a word.. nice. :o)
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.marcaribe
11/05/12 7:05 PM GMT
The Caedes Kiva Team blew passed the 10K milestone and is up to 10,225. You heard of the miracle of compound interest my loans have the same effect more loans equal faster paybacks to roll over into new loans
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Please Join The Caedes Kiva Team
+purmusic
02/28/13 11:38 AM GMT
~ le bump ~


:o)
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+purmusic
03/27/13 11:35 AM GMT
"What do you think of people in poverty?

Maybe what Jessica Jackley once did: "they" need "our" help, in the form of a few coins in a jar.

The co-founder of Kiva.org talks about how her attitude changed -- and how her work with microloans has brought new power to people who live on a few dollars a day."

Jessica Jackley: "Poverty, money -- and love"
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.Nikoneer
03/28/13 1:10 PM GMT
With my 93rd loan, made this morning, the Caedes Kiva team reached $12,000 in loans. The site shows us having collectively made 444 loans but when I count them, member by member, the team total I arrive at is 571. Whichever is correct, it still reflects the impact the 14 members of our team have made on lives across the globe, since our "philcUK" started the team September 4, 2008. It's never too late to join with us in this endeavor and, even if you make just one loan, you've made a difference in someone's life. Think about it.

-Nik
1∈ [?]
If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
+purmusic
03/28/13 3:56 PM GMT
Congratulations, Nik.. and good good on you and the Caedes Kiva team. :o)


That speech linked to above.. still moves me every time I view it. I would encourage anyone that is interested or has some questions, et al.. to do likewise.
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::Nikoneer
04/18/13 2:35 PM GMT
Talking with Phil recently, it seems there are a few misconceptions about the way Kiva works that I'd like to address:

--as to who 'collects the interest,' any interest charged to lenders is done so by the lending organisation in that particular country not kiva or its members.

--Kiva isn't a charitable organisation but a facilitator of micro finance funding and, as far as we're aware - no financial institution in the world loans money interest free.

---Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses, which lack access to banking and related services due to the high transaction costs associated with serving these client categories. The two main mechanisms for the delivery of financial services to such clients are (1) relationship-based banking for individual entrepreneurs and small businesses; and (2) group-based models, where several entrepreneurs come together to apply for loans and other services as a group. For some of us, microfinance is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services.

--Traditionally, banks have not provided financial services, such as loans, to clients with little or no cash income. Banks incur substantial costs to manage a client account, regardless of how small the sums of money involved. In addition, most poor people have few assets that can be secured by a bank as collateral. By providing loans to entrepreneurs, we sidestep that problem.

--Personally, I've always seen it in terms of the old saw about giving a man a fish and you feed him for a day. At Kiva we see our loans as not only teaching him to fish, thereby feeding him for life, but providing him with a loan for the right fishing gear as well. I realize the Caedes site is experiencing a downturn in it's fortunes lately, many people leaving and others working against the site, but even if the site folds Kiva, and our Kiva team will not. You can still join the team.

-Nik
4∈ [?]
If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
tropical
12/11/14 1:56 AM GMT
Good going Kiva team, kudos to all of you! making $16,000 dollars in loans to this worthy cause...it gets A+++ in my book and well worth donating to along with Doctors without Borders
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::Nikoneer
07/19/17 11:09 PM GMT
It's now late July, 2017, and our total is 665 loans for $17,750. The totals have dropped to only a quarter of what they were in 2015 (with still half the year to go), despite having 15 members. 10 of them I do not know at all and most of those made just one loan and nothing since. As the old Arlo Guthrie song about "Alice's Restaurant" goes, "If you want to make a change, ya gotta sing laaaaawwd!" That includes Kiva. You have to remember, though, it's not really a donation ("Where did my money go?"), it's a loan. You can get it back, to keep or to loan again. Since July of 2010 I've made 185 loans and have only put in a few dollars here and there (not the full $25) for at least the last 50 loans... I just keep reloaning the same money but making a difference with each one. If you want to feel good about something, you should try this.

-Nik
1∈ [?]
If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
+purmusic
07/20/17 1:05 AM GMT
"It's now late July, 2017, and our total is 665 loans for $17,750."

That's impressive, still.


My hat's off to those that participate in this community venture; Kiva Lending Team: Caedes.

And if you are curious, or, sitting on the fence.. here's one of the cofounders speaking about the project: Jessica Jackley: "Poverty, money -- and love"

"What do you think of people in poverty?

Maybe what Jessica Jackley once did: "they" need "our" help, in the form of a few coins in a jar.

The co-founder of Kiva.org talks about how her attitude changed -- and how her work with microloans has brought new power to people who live on a few dollars a day."
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::Nikoneer
06/06/21 7:46 PM GMT
It appears that it has been four years since a comment concerning Kiva was posted. Perhaps with all the strife, political turmoil, and the threat of death from a virus, all around the world, people have had their hands and heads too full. I retired in 2016, before the insanity started, and while I am not at all in the neighborhood of being rich, I made the right choices while working and my wife and I are able to live without the heavy challenges that far too many face today. Because of the way that Kiva lending works, I have been able to continue loaning, mostly by simply reloaning the money paid back to me by entrepreneurs. One month from today I will have been here for eleven years. Since I became a Kiva lender on July 6, 2010, I have made 214 loans in 60 countries, as a member of three teams, two of my own making. The reloaning of payments has resulted in the $1,106.00 of my own money (which I can get back, when and if I want) being reloaned to the tune of $5,475.00. That is just shy of a 5 to 1 investment in hard-working people around the world!

I realize that millions of people who have always been fully self-sufficient, are currently still struggling with unemployment, putting food on the table, and trying to keep their families safe and under their own roof. For those of us who can afford to maintain the occasional Kiva loan, there has never been a time more dire, with people more in need of help and encouragement.

If you can make even just a single loan, that is terrific. If you cannot, there is no shame in that. I wish you the absolute best of luck, for you and your loved ones. Vaccinations are generally free in the U.S., and hopefully in other countries as well. If you are able to get yours, please do so. The sooner the world is vaccinated, the sooner we can get back to life as it should be, and small entrepreneurs around the world will have hope again.

-nikoneer
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If you've ever wanted to make a difference but found it hard to believe that one person could... check out the Kiva Team Caedes discussion thread and discover that anything is possible.
=Samatar
06/07/21 1:49 AM GMT
I'm still contributing to Team Caedes! My favourite charity since as you say I get to keep reusing my money. My total after relends is $550, small change compared to the nearly $19,000 (!) lent by the team in total but of course it will only get higher with time.
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-Everyone is entitled to my opinion-

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