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JasonMckerra
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« on: February 20, 2010, 05:34:29 am » |
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The Rosario Group finished repaying their microfinance loan on the 15th of February this year, a month ahead of schedule! We hope the Rosario group are profiting from from their investment. This means we once again have $25 of Kiva credit to loan. I encourage fellow citizens to explore http://www.kiva.org/lend , and see if there are any business ideas they would like the Republic of Lavalon to contribute too with it's next loan. |
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Brandon
Citizen
Jr. Member
Posts: 79
Minister of Development
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« Reply #1 on: February 27, 2010, 02:39:39 pm » |
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The thing is, almost none of them have default protection in reality---but most of the organizations apparently have a 0.00% default rate. It's just something we have to consider, because I guess it looks like finding one with default protection was a blessing.
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JasonMckerra
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« Reply #2 on: February 28, 2010, 10:44:42 am » |
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It's just something we have to consider, because I guess it looks like finding one with default protection was a blessing. How so? To the best of my knowledge the Rosario group did not default on their loan. |
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Omneix Micrasius
Newbie
Posts: 24
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« Reply #3 on: March 01, 2010, 09:20:54 pm » |
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McKerra, is Rosario Group and how did they make this loan? Was Lavalon involved in any way?
Brandon, if this loan is to impoverished people, then you have no idea how grateful and willing to repay a loan an impoverished person could be. Granted there has to be some kind of quality control to ensure the loans are repaid at some point--though an exorbitant interest rate would be counter productive. For an exorbitant interest rate, I suppose anybody could get a loan from a so-called loan shark, but that of course would only lead to increased poverty if they default.
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Omneix Micrasius
Newbie
Posts: 24
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« Reply #4 on: March 01, 2010, 09:21:24 pm » |
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Also added to the above I would like to ask WHO is Rosario group.
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JasonMckerra
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« Reply #5 on: March 03, 2010, 02:55:41 am » |
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Click on the link in the original post. Today's dumb question award goes to Matt.
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JasonMckerra
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« Reply #6 on: March 03, 2010, 02:56:52 am » |
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And onto business, where shall we send our money next? Are their any new kiva loans that anyone likes?
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Brandon
Citizen
Jr. Member
Posts: 79
Minister of Development
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« Reply #8 on: March 03, 2010, 09:55:04 pm » |
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No they didn't default on their loan, but it is still nice to have default protection.
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Kraffe
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« Reply #9 on: March 04, 2010, 07:43:19 am » |
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forget it about Senor Félix Jose Jiménez Dávila he's got his loan.
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JasonMckerra
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« Reply #11 on: March 05, 2010, 06:42:15 am » |
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Victoria Oladenjo meets my preferred criteria (woman, added value), if there are no objections I will make the loan.
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JasonMckerra
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« Reply #12 on: March 06, 2010, 07:38:22 am » |
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Lavalon's Kiva fund has been committed towards a loan to Victoria Oladenjo. Details of Lavalon's involvement in Kiva can be found here: http://www.kiva.org/lender/lavalonrepublicAll the best Victoria, I hope the loan helps :-) |
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Omneix Micrasius
Newbie
Posts: 24
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« Reply #13 on: March 06, 2010, 10:40:40 pm » |
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Good for her  |
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Brandon
Citizen
Jr. Member
Posts: 79
Minister of Development
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« Reply #14 on: March 09, 2010, 11:58:12 pm » |
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If being a woman is a criteria point make sure it is a country with a significant difference in the success of women versus men. I want to make sure we give money to businesses that will actually benefit from the loan. In the future, I prefer groups of people as well---sounds better for the newsletter!
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