Basket-Hoarders. Please Re-Consider the Impact You May Be Having On Others.

[Guest]

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[Eli]

Or... Why a countdown of any kind? 

Then the LLL's wouldn't have anything to obsess over!  They love it so!

[RichardF]

I'm sure we can work out Something!    

[Skimmis]

Okay, you've convinced me something needs to change.  So I agree with Dan that no loan should expire while there are funds in a basket, and I think they need one extra 24 hour period before expiration after funds are dropped from a basket.  Why just an hour? 

I totally disagree, then some people will sit and hold in in basket for eternity.
You got 30 days to fund it , if it expires, let it expire.

[AccountAbility]

I totally disagree, then some people will sit and hold in in basket for eternity.
You got 30 days to fund it , if it expires, let it expire.

Now I am confused about what you would like.

I tried to come up with a way to prevent negative outcomes to loans in baskets -- which I thought brought you to this topic in the first place.

I proposed:
1. No expirations due to loans in baskets
2. Baskets time out for those not registered and signed in.

Dan

[tomviolence]

Since this is ground gone down before, and Kiva has no interest in it, it does seem a bit useless to post this again, but:

1) Non-member loans time out quickly (say 15-30 min), with warning "Please register to continue to hold these items in your basket"
2) Registered members time out based on percent value and time left. So if you hold 100% of what is left with one hour to go, you have very little time to hold it, compared to 100% left with 30 days to go.
3) No basket can be held for more than 12 hours, even if you dump it and re up it. If you can't make up your mind, let someone else have at it.
4) No loan shall expire as long are there is either a sum in a basket, or activity in the last hour. So, worst case, some registered member holds less than 100% of what is left for 12 hours, everyone has an hour to either re-basket or basket and check out.

The goals:
- make sure people have equal access to popular loans
- make sure "unpopular" (snigger snigger) loans do not expire if there is continued interest in funding them
- make sure unregistered folks cannot hold loans hostage
- make sure lenders, who are lenders, do not suffer by extended browsing
- make sure the lending experience is easy, with clearly defined rules and alerts

[Skimmis]

Since this is ground gone down before, and Kiva has no interest in it, it does seem a bit useless to post this again, but:

1) Non-member loans time out quickly (say 15-30 min), with warning "Please register to continue to hold these items in your basket"
2) Registered members time out based on percent value and time left. So if you hold 100% of what is left with one hour to go, you have very little time to hold it, compared to 100% left with 30 days to go.
3) No basket can be held for more than 12 hours, even if you dump it and re up it. If you can't make up your mind, let someone else have at it.
4) No loan shall expire as long are there is either a sum in a basket, or activity in the last hour. So, worst case, some registered member holds less than 100% of what is left for 12 hours, everyone has an hour to either re-basket or basket and check out.

The goals:
- make sure people have equal access to popular loans
- make sure "unpopular" (snigger snigger) loans do not expire if there is continued interest in funding them
- make sure unregistered folks cannot hold loans hostage
- make sure lenders, who are lenders, do not suffer by extended browsing
- make sure the lending experience is easy, with clearly defined rules and alerts

The loans probably shouldnt bee in a basket at all, but one a shopping list.
So you didnt exclude other from actually checking out and giving the loan while its on your shopping list.
If you are using to long time before you check out and other lenders lends to the whole loan, its sold out, and you dont get the loan.

Too hinder loan from expire beacause its in a basket is a bad idea.

The LLL  will then become very bizzy ;-)
Then one user can holds a part oft he loan, another user another  and so on and take turn to have it in basket for all eternity.
And thuse the problem with partially founded loans could increase.

why shoul kiva encourage that ?

The loans is on the site for 30 days, we all get at least one repayment and one salary during that time.
If you want too support the loan, just do it? If a loan expire and your cash is returned, you can just lend too the same MFI, problem is solved.

[YowieFreak]

The loans is on the site for 30 days, we all get at least one repayment and one salary during that time.

**Pedantic mode = ON**

Not sure about the salary bit, but we don't all get at least one repayment within any 30 day period.  Repayments are often only received on the 15th of a month, so a loan posted at 11:59pm on December 15 (probably after people have spent the credits they received on the morning of December 15) will expire at 11:59pm on January 14 - before the credits start being issued.

**Pedantic mode = OFF**

You're probably right - people should be able to save at least some of their December 15 credits for spending on December 16.  And so, without baskets, the loans would become available for funding by the majority of people who would have tried to fund it in the 30 days.

**Practical mode = ON**

Kiva can't even afford to spend time to make the fairly minor changes to fix some fairly major bugs on the site at the moment.  They aren't going to be able to make the changes to replace "baskets" with some other methodology of checking out loans.

[cjp1973]

A new thread has been made to discuss basketing and expired loans.  You can find it at here