Looks like overall your loans are doing very well. Good for you for helping people get the capital they need to start their small businesses. I hope you get you money back and are able to help more people.
Looks like overall your loans are doing very well. Good for you for helping people get the capital they need to start their small businesses. I hope you get you money back and are able to help more people.
I think I might have a small loss on one as they have not made the complete final payment but I guess it’s better to think of the ones who you’ve helped and they’ve replayed their loan rather than the ones who have defaulted for whatever reason. Do you have any current Kiva loans?
I have a few that are outstanding. I haven't had the best experience with getting repaid, but it's a risk that you take. One of the guys had a bad harvest and everything got wiped out. I lost a few dollars, but he lost his income and food, so I don't really have much room to complain.
I still think it's a cool program. I would like to see more focus on sustainable projects. I see a lot where someone wants to remodel their house or something, which is not bad, but I have more a focus on helping them get chickens to sell the eggs, or seeds to plant a crop, or solar power so they don't have to buy as much fuel for cooking fires. Everyone has different things that they focus on though.