KIVA UPDATE Make a Farm and Food project loan today
I have made a number of posts about KIVA and have donated over US$60 from my posts towards several KIVA loans, this will be multiplied many times over the coming years as loans are paid back and relent to new projects.
Today they have a special offer of matched loans for Farm and Food projects plus if you make your first loan you'll get a bonus towards making another.
Join other Steemian KIVA lenders and allocate your loan to team Steem. If you'd like to help by becoming a lender yourself, please check out the Steemit lending team on KIVA
https://www.kiva.org/invitedby/stephen2333
50/50 post : I pledge that the US$ equivalent of the STEEM/SBD given as reward on this post will be paid to KIVA to add to my lending pool and multiply it many times over in the coming years..
Thanks @bearone for the teamaustralia banner
Excellent cause @stephen-somers
Thanks. I love KIVA, facilitates people with even a small amount of capital (us$25) to make a loan to people in so many developing countries.
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Upvoted+Promoted!
Thank you @jankaptien followed you back
I noticed KIVA a few years ago and thought it sounded like a good idea, but can you give me a little more insight into how it works in practice.
How many loans have you made and how many have been paid back? Have any failed? Did you make a profit on the loans?
Intrigued and hope to hear from you.
Thanks for your interest in KIVA, you can see all my loans at https://www.kiva.org/lender/stephen2333.
I have added just over us$100 in capital and this have funded 21 (us$25) loans. I have had 1 total loss and 1 partial loss. You do not make profit on the loans, any profit goes to run the Local partners.
Ok that's pretty cool still. I guess it could be called an "advanced charity" then so to speak.
I hope you become a KIVA lender and add your loan to team Steemit.