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Author Topic: Sort on Repayment Term  (Read 2294 times)
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melhe
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« on: May 27, 2008, 04:18:13 AM »

Wouldn't it be great if one could sort the businesses after the repayment terms?

I often choose the businesses with the shortest repayment time. My idea is that my money can help more people that way. I also try to have a few long term loans since I believe not all loan takers can handle short repayments.
« Last Edit: May 27, 2008, 04:22:40 AM by melhe » Logged
waywardcats
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« Reply To This #1 on: May 27, 2008, 01:26:42 PM »

Yes!   Yes  This would be a big help for those of us looking to have our money roll over quickly.
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Jan & John
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« Reply To This #2 on: May 27, 2008, 02:48:57 PM »

Hello melhe and waywardcats...

Short Term loans are preferred by lots of folk...

check this thread - Cloudia and friends are busy finding them for you... Smiley

http://www.kivafriends.org/index.php/topic,2056.msg30682.html#msg30682

jan
« Last Edit: May 27, 2008, 02:49:48 PM by Jan & John » Logged

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Paula-from-NZ
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« Reply To This #3 on: May 28, 2008, 01:36:56 AM »

According to this
http://kivanews.blogspot.com/2008/05/blended-payments-at-last.html the repayment terms sort option is only a very short while away.
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KivanSteven
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« Reply To This #4 on: May 28, 2008, 06:29:40 AM »

I enjoy short term loans like the rest, but Im worried what that might do to some longer term loans, especially long term group loans of a few thousand dollars, or the 12-18 month loans to less popular regions.  Im sure they will still find funding, but they may be hung up in the selection for even longer than we have thus far seen.
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Dagfinn
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« Reply To This #5 on: May 28, 2008, 12:47:36 PM »

hmm - I guess this might be a bit troubling to some people here but it appears to me that for some of us it is a matter of having as many loans as possible - and such in need of shortest possible loan terms.

Let me try to advocate the longer term loans and their attractiveness to me as a Kiva lender; often it is people with little financial strength, aka need more time to pay which equals to be indeed helping the less fortunate of us.

Most countries I do not know sufficiently but if Ukraine is an example to go by they have plenty of middle class people receiving loans here - the record I have seen is 12 times the average salary of a Ukraine teacher.  Yes you get your money back in 2 months but over time I for one have come to the conclusion that there are worthier loans available here.

If you want to reloan often I suggest stick to the 25 dollar and make as many as you can but longer terms as 1 loan of 100 dollars on 2 months is equal to 6 loans over 1 year while 4 on 25 dollars over 12 months makes 4 - I think that is not so bad  Huh?

Anyway - a feeble attempt to advocate that it is much to be gained for oneself looking to the cause itself.  So please look to the people behind the loans I say  Smiley


Dagfinn A.
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cpbailey
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« Reply To This #6 on: May 28, 2008, 01:48:49 PM »

Dagfin,

I suppose it depends on the business purpose.  If a person sold clothing, a big investment for the season's start would be useful.  It would be beneficial to have a new big loan when the season changed.

One thing I do try to do is to stagger my loans so that I have one a month repay.  So sorting on time can allow me to aim for that month with no loans scheduled.  It doesn't always work.  Sometimes there are delays, and others I have four loans in one month (which means finding loans of different durations to keep them from piling up again).

With so many to pick from, and 65 loans which have 14 days or less...well, whatever it takes to move loan product!

Colette
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melhe
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« Reply To This #7 on: May 30, 2008, 05:37:07 AM »

I checked the kiva-site and sorting loan on repayment terms is now available. Case closed!
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cpbailey
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« Reply To This #8 on: May 30, 2008, 08:33:17 AM »

One benefit of the sort by loan term is that some of the really big loans--Paraguay and Bolivia for example--are short.  People seem to be snapping up these big loans faster than before.  So the different sorts seem to nibble away at different categories.  We have loan size for the smallest loans which appeases those who like to contribe a large portion of a loan.  We have oldest sort for those who want to rescue loans which are at risk of not funding.  We have newest for those who like to just read fresh loans.  We have loan term which helps people meet time frames or just have lots of turnover.

Next type of sort would be on the partner which could fund first from internal sources (or if Kiva had more than one cut off date).

Colette
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