KIVA

[Dingo]

I only have $10 in the account and not having much success at being repaid so I will have to wait till I have enough loan back out.

[kashi]

I had enough for another one. Used autopick for the first time and it chose a couple growing lotus in Cambodia. 

[Dataman]

@Dingo: Yes the first couple of months nothing much happens. I have loans paying off now from another team I was at and can reinvest at B@A.

@kashi: Lotus growers ... now you cannot get better Karma than that!!! 

[Dataman]

56 loans for $1,525.00 ... 

[Dataman]

60 loans for $1,625 ... 

[Dataman]

That's the whole team's golden hearts. Amazing how fast it grows once reinvesting begins. 

[Dataman]

The monthly KIVA payback has started. I should be able to make two more loans.

[Dingo]

Still only have $15 paid back, need to wait a bit longer.

[kashi]

Thanks for the heads up, had enough for another 2. Chose one myself and used autopick for the other.   ;D

2 of the loans I made previously have now been repaid in full.

[veebee]

Wow ... you guys are "lucky" (or [obviously] I picked "bad" people to lend to !) ....

I have gotten a whopping $3.29 back from $50 loaned !

[kashi]

Nah, I just picked a few with the shortest repayment term. If the loan has been actually allocated a month or more before you choose it, then one with a 6 month repayment term can end up being fully repaid in under 5 months.

Doesn't really matter, short term or long term, I just wanted a few to be turning over. Actually for people in the poorest countries or where the loan is for seasonal agriculture or stock raising a longer term loan may actually be more helpful. Depends on the circumstances and your viewpoint, at first I believed that shorter term loans were a better idea as they minimised the total interest being charged to borrowers but then I realised that a longer loan term meant that a larger amount could be borrowed or each monthly repayment could be less. Now I alternate between picking one myself which is usually shorter term and using autopick which often chooses a longer term one for me.

[Dingo]

I have over $24 back from my $100 loaned so will be able to loan again on the next repayment.  Taken a long time to get there though.

[Dataman]

Please welcome Jave to B@A's Kiva team. Jave is a long-time Kiva member since '07 with 127 loans.



We now have 12 members with 85 loans of $2,225. Good job mates!

:aus1:

[kashi]

Welcome Jave. 

[Dataman]

The monthly repayment process has started. I can make 4 new loans. 

:aus1: