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CESOus
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« on: May 09, 2009, 10:44:18 PM » |
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I just read that the loan to William in Peru to raise cocks for fighting purposes has been "refunded" by Kiva. What exactly does that mean?
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Diane R
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« Reply To This #1 on: May 09, 2009, 10:58:43 PM » |
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Kiva did not refund the loan, the local microlending agency, FINCA Peru, chose to refund any lenders who had financed this loan, and to pull it from funding on the Kiva.org website. We have no information on what this means in a practical sense. In all likelihood, since MFIs are required to source 70% of their funds from non-Kiva sources, William probably received his funding through FINCA Peru from another non-Kiva source.
--Diane.
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CESOus
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« Reply To This #2 on: May 09, 2009, 11:03:50 PM » |
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OK, thanks. That was informative. I found offering cockfighting as an entrepreneurial endeavor to be supported through Kiva highly offensive. Being sensitive to the preferences of various cultures is one thing, but extending that to encouraging cruelty to animals, as through cockfighting, regardless of the cultural milieu, is simply not acceptable. Let those who want loans for cockfighting find their money somewhere other than through Kiva, please.
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TheTatiana
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« Reply To This #3 on: May 10, 2009, 01:57:35 AM » |
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I think I agree with this but would put it differently. I think if kiva is willing to fund loans that involve cockfighting, I will be repulsed enough that I most likely won't want to be associated with kiva anymore.
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mungo
Kiva Supporter
Oakland, Ca
Gender: 
Posts: 34
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« Reply To This #4 on: May 11, 2009, 01:50:57 PM » |
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There was a whole lot of todo about this loan last week. Lots of discussion and debate, ranging from the inflammatory to the icy logical. I'll be curious to see how this is addressed in future. In the meanwhile, I started a team called KACL (Kivans Against Cockfighting Loans). The purpose of the team is simply this - to help Kiva quantify how many of their Lenders (that are aware of the issue) disagree with the listing of these loans, for whatever reason. Ideological differences aside, I believe a number of us think loans of this nature should not be listed, and by joining this team (membership is open) we can help Kiva get an idea for how many lenders disagree with the listing of these loans. For the record : I'm not your animal rights guy. This team isn't about larger issues. It's just a way to be counted. |
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Don't ever tell anybody anything. If you do, you start missing everybody.
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Jane Sladen
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« Reply To This #5 on: May 11, 2009, 04:53:53 PM » |
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Recent news from Finca: We have decided to not post any stories that could be culturally sensitive in certain parts of the world.
If you have additional questions, please let me know.
Viviana. Viviana Salinas Lanao Gerente de Soluciones para el Desarrollo Humano FINCA Peru Telefono: 511-222-9220 Jane Sladen. |
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Diane R
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« Reply To This #6 on: May 11, 2009, 05:04:23 PM » |
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Jane, where is that "recent news" from, and what does it mean?
(What does she mean by "stories"?)
--Diane.
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Jan & John
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« Reply To This #7 on: May 11, 2009, 05:41:45 PM » |
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Recent news from Finca:
Viviana Salinas Lanao
Gerente de Soluciones para el Desarrollo Humano
FINCA Peru
Telefono: 511-222-9220
Jane Sladen.
That statement kind of turns the tables... not only are we worried about interfering in 'cultural issues' in the borrowers country... the MFI appears to be worried about 'the lenders cultural issues' kind of makes me blink - twice. jan  |
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CESOus
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« Reply To This #8 on: May 11, 2009, 05:58:50 PM » |
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It would be helpful to me to understand all this. What is MFI? Maybe I'm missing something here (perhaps missing a lot), but it seems to me that cultural sensitivity on the part of BOTH the lender and borrower might not be a bad thing.
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Ginni
Kiva Supporter
Solana Beach
Gender: 
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« Reply To This #9 on: May 11, 2009, 06:04:56 PM » |
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That's why Finca Peru (the mfi, or microfinance institute) pulled the cockfighting loan, isn't it? Concern over lender (our) cultural sensitivity? In my opinion, that was a great thing for them to do. Some people made a loan to another of their clients right away, and others of us will keep them in mind when we lend again, instead of possibly crossing their clients off our list because of this issue.
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« Last Edit: May 11, 2009, 06:05:36 PM by Ginni »
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