Interest Payments to Lenders

[Guest]

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[KivanSteven]

Well said Petra...if Kiva ever goes the way of offering interest, they need to ensure it is only optional because in reality they may turn off lots of current and potential Kiva users if its established that loaners make money off of their entrepreneurs...it just runs contrary to the standards of micro-lending to the poor in my opinion.

[Peter S]

i am all for making money in any kind of way, but this money is to help them! you will get your money back eventually.
if my loan makes 1 person happy, and makes their life a little bet better, then that is my profit!

Petra - well said, I agree 100%

And...     to Kiva Friends   

[Steff]

Petra - well said, I agree 100%

And...     to Kiva Friends   

I feel exactly the same way.  If Kiva did start paying interest and did not offer the option of loaning without getting interest I would no longer loan.  Once in awhile it is nice to do something for someone without expecting to get anything back except the knowledge that you made a good difference in someone's life.

[Dagfinn]

The whole point in my view is to like if you help a friend - you get your money back without interest.  The nice thing here is you have an option to do it againand again, helping more "friends" all over the globe and if that day come - you may stop and help yourself - that is hw I see it.

When speaking of interest - maybe what could be done is to tell those field partners that charge a big interest on their microloans that we are not especially pleased - I have noticed some that charge no less interest than ordinary businesses.

- which goes to proof that the transparancy offered here is a very good thing so thank you kiva!