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Poll
Question: How would you feel if Kiva decided to offer interest to lenders?
I'm for it
I'm agains it
Depends on the interest %
I don't care one way or the other

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Author Topic: Interest Payments to Lenders  (Read 10160 times)
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Jundee
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Mississauga, Ontario, Canada
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« on: September 13, 2007, 04:15:10 AM »

Since the issue has been raised a few times & I've found no poll on the subject, I've decide to post my first poll.

I know it's not very scientific but it should give us some general idea how members feel about the subject.
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KivanSteven
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« Reply To This #1 on: September 17, 2007, 07:00:43 PM »

I said I dont care one way or the other...not that I dont care, but in other words whatever way it goes it will go.  I dont think Kiva needs to offer interest to be successful or attract members or achieve their objectives so why start.  If they do it most likely will come from the entrepreneur and if so Im pretty much against that.  I dont want to make an interest off of poor people.  I dont want to be helped by helping them.
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I find not direction in the readings of those with whom my eccentricities are similar, but rather validation.

My only solace is that I find a peaceful place where I might be resigned to my depriving loneliness.
AccountAbility
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Friday Harbor, WA
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« Reply To This #2 on: September 17, 2007, 07:10:43 PM »

Since the issue has been raised a few times & I've found no poll on the subject, I've decide to post my first poll.

I know it's not very scientific but it should give us some general idea how members feel about the subject.

Since there is a whole thread on the pros and cons of paying interest, if you want a general idea how members feel, read through that lengthy discussion.  Polls are kind of useless for this type of question.

Dan
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Henry
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hmmm, that smells like metal

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« Reply To This #3 on: September 17, 2007, 07:59:30 PM »

I didn't get to vote!  for some reason it's locked...maybe i voted already...  hey polls are fun, keep making them!  We aren't doing brain surgery here.
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ornitzi bilatzi monteisizi
Jundee
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Mississauga, Ontario, Canada
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« Reply To This #4 on: September 17, 2007, 09:14:24 PM »

I said I dont care one way or the other...not that I dont care, but in other words whatever way it goes it will go.  I dont think Kiva needs to offer interest to be successful or attract members or achieve their objectives so why start.  If they do it most likely will come from the entrepreneur and if so Im pretty much against that.  I dont want to make an interest off of poor people.  I dont want to be helped by helping them.

Exactly how I feel.
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RichardF
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« Reply To This #5 on: September 17, 2007, 09:39:46 PM »

I think it's safe to project MicroPlace will be offering interest to lenders long before Kiva gets around to it, even if there's still next to nothing about it at SVMN or anyplace else.
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Steff
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« Reply To This #6 on: September 18, 2007, 06:50:59 PM »

I think paying interest negates the basic idea of Kiva.  Maybe that is just me.  But it is nice now to feel you are loaning without expecting financial gain.  That was a big draw for me. 
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krizzz
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« Reply To This #7 on: September 18, 2007, 09:20:20 PM »

Only if the interest is available in Kiva Credit only. If the amount slowly accumulates, and can be used to help out more and more people each time a loan is paid of I'd say it's  Thumbs Up
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KivanSteven
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« Reply To This #8 on: September 18, 2007, 10:00:22 PM »

If Kiva ever does offer interest at the expense of the entrepreneur, I do hope they will allow us the option to forego our interest in order to reduce the interest that the entrepreneur pays, bringing it down to what it would be based on the way it is now.  That way Kiva could keep the members that want interest and also keep the members that have no desire to accumulate interest...assuming it ever comes to that.  I do hope they realize what a turn off interest would be for thousands of members.  Of course a turn on for thousands as well, so then if they ever do go the interest route I hope they somehow make it optional or find a way to please everybody because that has proven to be an extremely divisive and sensitive issue.
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I find not direction in the readings of those with whom my eccentricities are similar, but rather validation.

My only solace is that I find a peaceful place where I might be resigned to my depriving loneliness.
Jundee
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Mississauga, Ontario, Canada
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Gender: Male
Posts: 224



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« Reply To This #9 on: September 19, 2007, 04:35:06 AM »

If you're into Kiva as an investment to make money for yourself I would think that there are better opportunities else where.

I would think that if interest would ever be offered to lenders it would be very nominal & ultimately would be passed on to the entrepeneur.

Nobody is going to get rich from a $ 25.00 investment.
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Never look down on anybody unless you're helping him up.
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