Para México: Original source of controversy: Kiva Is Not Quite What It Seems

Thursday, November 19, 2009

Original source of controversy: Kiva Is Not Quite What It Seems

Kiva is not Quite What it Seems, by David Roodman

Reply from Matt Flannery, Co-Founder and CEO of Kiva.org

Seems like another big controversy is going on the Kiva community similar to that of loans to US entrepreneurs. Still trying to digest what is going on here!!!!

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Bienvenido / Welcome

Welcome to the "Para Mexico" Kiva team blog. I am one of the team captains, my name is Cesar, but I use the initials of the names my two daughters as my Kiva ID ( M+M ).

I'm glad you made it into this blog. I use this blog to publish statistics about the team performance and growth, as well as information I find relevant about Kiva and micro lending. You can also find silly stuff I stumble upon the web every once in a while.

We are a group of lenders with a special interest in helping entrepreneurs in Mexico, we are also happy to support people in all five continents. We use the web platform Kiva put together to achieve that goal.

If you are already member of the team, feel free to explore the blog, you may find interesting facts about "Para Mexico". If you are not, then you are welcome to join. If you join my lending team, we can work together to alleviate poverty in Mexico, Latin America and around the world.

Once you are a part of the team, you can choose to have a future loan on Kiva "count" towards the team's impact. The loan is still yours, and repayments still come to you - but you can also choose to have the loan show up in our team's collective portfolio, so our team's overall impact will grow!

We have some fun events over the year, like the Valentine's Day loan-a-thon, and the M+M challenge in October. You can socialize with your fellow team members using the message board included on the team's page at the Kiva environment.

http://www.kiva.org/team/para_mexico

Thanks!

What is Kiva?

Kiva Microfunds is an organization that allows people to lend money via the Internet to micro finance institutions in developing countries which in turn lend the money to small businesses.

Those microfinance institutions around the world, called "Field Partners", post profiles of qualified local entrepreneurs on its website. Lenders browse and choose an entrepreneur they wish to fund. Kiva aggregates loan capital from individual lenders and transfers it to the appropriate Field Partners to disburse to the entrepreneur chosen by the lender. As the entrepreneurs repay their loans, the Field Partners remit funds back to Kiva. As the loan is repaid, the Kiva lenders can withdraw their principal or re-loan it to another entrepreneur.

On fall 2008, Kiva announced the creation of lending teams. Kiva lenders who wish to lend as a group can form a lending team. This allows anyone on the team to see which entrepreneurs other team members are lending to and allows you to track the impact that your group is making on Kiva.

"Para Mexico" was created as a Kiva Lending Team on Sept 8, 2008, to fund mostly entrepreneurs in Mexico. To date, the team has loaned about $51,000.00 to more than 1,400 entrepreneurs in all five continents. More than 210 members from around the world make "Para Mexico" one of the most active lending teams on Kiva.

Para México

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Thursday, November 19, 2009

Original source of controversy: Kiva Is Not Quite What It Seems

0 comments:

Bienvenido / Welcome

What is Kiva?

Ligas Kiva / Kiva Links

Kiva Loans for Mexican Entrepreneurs

Contribuidores / Contributors

Blog Archive

Blogs Equipo / Team

Followers

Para México

Donate to aid Haiti's rescue and rebuild efforts

Thursday, November 19, 2009

Original source of controversy: Kiva Is Not Quite What It Seems

0 comments:

Bienvenido / Welcome

What is Kiva?

Ligas Kiva / Kiva Links

Kiva Loans for Mexican Entrepreneurs

Contribuidores / Contributors

Blog Archive

Blogs Equipo / Team

Followers

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