New College Student!

[Guest]

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[Dionysus135]

Hi guys! I'm pretty new to Kiva and I am eager to start loaning. I'm a college student and I recently decided that I should put my money into better use than just letting lay around. So when I heard of Kiva I knew it be a great idea to let my extra cash help people. I'm thinking of buying the Groupon deal where you buy it for $15 and give you a voucher of $25. Anyone tried it? I was wondering if Kiva pays back the $15 or $25 like a regular loan assuming the risk and currency loss?

[alan]

Hi Dionysius!

Welcome aboard. I haven't used the Groupon offer myself, but to answer your question, the deal is that you get the first $15 repaid and Kiva gets the rest as a donation from Groupon. Which seems fair to me.

There's more information on this thread.


 

[Dionysus135]

Thanks Alan! Thats what I was thinking would happened. After they repay the $15, Do you guys know if thats like a Kiva credit? Or is it money I can withdraw back whenever I like through paypal I believe?

[alan]

Kiva credit is money that can be relent, or donated to Kiva, or withdrawn through Paypal.

So the $15 in this example is Kiva credit.