Originally Posted by StormX2
im not really entirely understanding of this. So we give money to poor people, they do what they do, and we actually get money back?
Do we get a % mroe back? or is it always the same you paid?
Just saying I am against risk.. and based on the numbers this does not looks as much of a risk at all and seems to be helping people across the planet at the same time - which is nice for sure.
But is there anyform of larger payout, since someone somewhere is making out well with exchange rates etc.
Also, one thing I learned from the website.
Atheists, Agnostics, Skeptics, Freethinkers, Secular Humanists and the Non-Religious Team
They outnumber Christians and team OBAMA!!! haha
Yeah, you are essentially donating money to someone and a perk is you most likely will get it all back. For example, Mohamed, the guy I donated my first $25 to (http://www.kiva.org/app.php?page=bus...=160746&_te=ty
) is now in the process of repaying his loan.
When one of these people wants a loan, they go to a Field Partner who is detailed on the right. You can look there to see how good they are with the donating. The Field Partner for Mohamed has a 10% profitability so I have a good change of getting $27.50 back on my $25 loan.
If you scroll down to the bottom of Mohamed's page, you'll see the repayment terms, 14 months. He has already payed his first month and actually payed more than he had to.
So yeah, if you pick who you loan your money to wisely, you have almost an assured return on your money. Picking a good field partner will also help if your loan-ee fails to pay it back since they (the Field Partner) will be doing well on other loans to cover the loss. Even if you don't get the full amount back you've helped someone, if only for a short time, have a better life.