Normally at OurLocality we frown on the use of triple exclamation marks, capitalisation, emoticons and childish fonts. It just isn’t grown up and it looks SPAMMY.
But this isn’t some pyramid scheme, but a simple cost of marketing lesson. Kiva – one of my favourite lending platforms – has obviously calculated that the cost of getting a new lender on its platform is more than $25, so it is using people like me to invite new lenders to the scheme.
How? By offering $25 for them to lend to whomever they wish in the hope they will lend more, once hooked (small print you cannot get this back for yourself – nice thought, but you can re-lend it again and again). The odds of you getting your money back are decidedly higher than on Betfred or similar online purveyors of misery.
On the upside is unlimited warmth and holiness. Kiva is a global micro-finance institution. The Kiva lending platform makes even the humblest of us a micro-financier in good things, ie micro businesses in the developing world.
See how Pedro transforms his life with a Kiva loan.
Your payback is that your money is working for good rather than sitting idle in the bank and you can get it back, should you need, minus any donations you make and plus or minus exchange rate differences between your investment and withdrawal. Default and delinquency rates are really low, but if you’re really interested then read about risk and due diligence. Which leaves me with only one question. Why are there not schemes like this popping up in broken Britain?
So just do it, FEED THE PIGS!!!
