Capital Loans, Consumption Loans, and Everything In Between

[Guest]

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[BenElberger]

Hey Guys,

Curious what people think we should allow entrepreneurs to raise on Kiva.  Would love to hear your thoughts here.

Ben

[AccountAbility]

I strongly prefer loans which invest in the business --hence the connection with the borrower as an entrepreneur.  While the other needs may be as great in terms of availability of credit, nevertheless this would dilute the focus on the multiplier effect of investment type loans for growing economic development.  I think that dilution would be a shame.

[multimutts]

Hi

I voted for Capital loans, Construction loans and Education loans.  To me, these all see related to seeing the money provide a benefit for the future ..... whether increasing the future success of a business, increasing the future success of a person through education, or increasing the future economic stability and independence by helping the person actually own a place to live.   

I also think that health expenses are important, but I wouldn't lend for them ..... I think because I don't know the state of the medical delivery system in these far-away countries, and I wouldn't have alot of confidence that the services would be curative and that the loan would be repaid.  (hmmmm, cynical, eh?)

I also wouldn't loan to anything related only to consumption (weddings, etc) as there is nothing of lasting value created by the money that way, and it seems that an expense like that would just put people even further 'behind' economically than they are before starting the loan.  Definitely not something that I support .... either for lenders, or for myself (my husband and I eloped for this very reason  )

my $.02 US

patti

[Ramón]

Hah-- There it is (I had asked Ben that question, but he was faster than I am-- already put up a message at the forum!

I wrote again a follow-up that got a little out of hand-- too long! I posted it at my blog... go see there (but come back here to add reactions!)

--Ramon