This odd thought came up in my head yesterday when discussing KIVA with a friend, so I'm going to put it out there and see what comes back.
We can use the KIVALoans money to fund loans.
In the unlikely event an IGive/KIVALoans Active Participant has a loan go into default they can withdraw up to their contribution total, the amount they have lost as a result of the default loan.
Basically KIVALoan Insurance
Example: Henry has a $25 KIVA Loan that defaults and repays him all but $18.00, Henry can have that $18.00 reimbursed from the KIVALoan Fund. The money might not be available until the next IGive Distribution, or when a KIVALoan is repaid, but it's security. And this security might take the sting out of a loan going into default. Then again, we don't have to excersize this option. Just an option.
Just something to discuss.... Would only be really bad if it were a loan we all were participants in. This idea might get others interested in www.igive.com/kivaloans
let me know what you think.