Kiva.org

Discussion of various forms of Advance Fee Fraud, including application fees for loans that never materialize, self-liquidating loan scams, as well as mortgage elimination scams and related debt elimination scams [Nigerian-type scams should go in the Nigerian 4-1-9 forum]
User avatar
Imalawman
Enchanted Consultant of the Red Stapler
Posts: 1808
Joined: Tue Sep 05, 2006 9:23 pm
Location: Formerly in a cubicle by the window where I could see the squirrels, and they were married.

Kiva.org

Postby Imalawman » Fri Jan 25, 2008 7:15 pm

A friend of mine referred me to Kiva.org. Basically you give money to this site for 3rd world country loans. You get your money back and a little more for interest. This sounds like a 419 scam and worse. I've heard that they charge over 50% interest on these "loans". I'm skeptical that they're actually going to the persons they promise they are. Anyone have info on this?

Thanks.
"Some people are like Slinkies ... not really good for anything, but you can't help smiling when you see one tumble down the stairs" - Unknown

User avatar
Demosthenes
Grand Exalted Keeper of Esoterica
Posts: 5773
Joined: Wed Jan 29, 2003 4:11 pm

Postby Demosthenes » Fri Jan 25, 2008 7:23 pm

Demo.

Judge Roy Bean
Judge for the District of Quatloosia
Judge for the District of Quatloosia
Posts: 3529
Joined: Tue May 17, 2005 7:04 pm
Location: West of the Pecos
Contact:

Re: Kiva.org

Postby Judge Roy Bean » Sat Feb 16, 2008 9:01 pm

Imalawman wrote:A friend of mine referred me to Kiva.org. Basically you give money to this site for 3rd world country loans. You get your money back and a little more for interest. This sounds like a 419 scam and worse. I've heard that they charge over 50% interest on these "loans". I'm skeptical that they're actually going to the persons they promise they are. Anyone have info on this?

Thanks.


I wouldn't condemn them that quickly.

http://www.pbs.org/frontlineworld/stori ... story.html
The Honorable Judge Roy Bean
The world is a car and you're a crash-test dummy.
The Devil Makes Three

Chrisfs

Re: Kiva.org

Postby Chrisfs » Fri Apr 25, 2008 12:03 am

As far as I know, Kiva is on the up and up. By which I mean that, the money actually goes to the people they say it goes to, and not in their pockets. Whether it's a good deal for the borrowers depends on the terms. Grameen Bank has done a great deal of good for people, others have doen less good.


Return to “Advance Fee Fraud and Mortgage & Debt Elimination”

Who is online

Users browsing this forum: No registered users and 1 guest