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Kiva.org
Posted: Fri Jan 25, 2008 6:15 pm
by Imalawman
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.
Posted: Fri Jan 25, 2008 6:23 pm
by Demosthenes
Re: Kiva.org
Posted: Sat Feb 16, 2008 8:01 pm
by Judge Roy Bean
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
Re: Kiva.org
Posted: Thu Apr 24, 2008 11:03 pm
by Chrisfs
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.