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This is absolutely disgusting. Kiva are essentially getting poor people into debt to Westerners.
$250 dollars may be nothing to you or me but to an African it can be 6 months wages. This is NOT empowering these people but making them debt ridden-
Give charity- not loans
felixandsnoopy 2 years ago
Hmmm. But the field partners are being paid interest, while the kiva lender is not. Aren't these field partners are getting capitalized for practically free...?
carolm62 2 years ago
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aboutadonis 2 years ago
Currency hedging is always a risk in international transactions, but devaluation can go the other way. There are quite a few reputable economists who predict a decline in US$ over the next decade. So what happens in that scenario?
revansatoda 2 years ago