Post
Topic
Board Bitcoin Discussion
Re: Bitcoin in developing nations
by
BadBear
on 30/12/2011, 13:55:19 UTC
I won't support Kiva, heard too many bad things about their lending partners and their loan shark ways.  The wikipedia lists their interest rates and some are over 50%.  Yep, helping those poor third worlders all right.  

http://en.wikipedia.org/wiki/Kiva_%28organization%29#Interest_rates_2

Wholly crap you are right, maybe btc would allow kiva to bypass the field partners altogether and offer 0% interest rates.

That would be pretty cool.

I didn't know about Kiva either until someone told me a few months ago, I was gonna donate until then. And yeah, that would be cool. Depends on whether or not they actually do any lending, looks like they are just a middleman doing the pr and organizing, outsourcing the actual lending to subcontractors. At least a couple have decent rates, but a lot are 30%+, with one as high as 62%.  Maybe the person who posted that thread can chime in on how they operate. 

A lot of good options there too, maybe start with the smaller ones.  It'll be easier to convince them if you are talking to the guy who can actually make decisions.