Kiva.org - ehMac.ca Team, loan money, change lives! (Ongoing) $15,375 loaned to date! - Page 8 - ehMac.ca
Facebook
Twitter
YouTube
Register FAQ Members List Calendar Search Today's Posts Mark Forums Read


Reply
 
LinkBack Thread Tools Display Modes
Old Mar 13th, 2010, 07:47 PM   #71
Honourable Citizen
 
Macfury's Avatar
 
Join Date: Feb 2006
Location: Toronto Proper
Posts: 29,267
That's cool, moonsocket.
__________________
"My life is my own."

MacPro, 1,1 3.0 GHZ
Macfury is online now   Reply With Quote
Sponsored Links
Advertisement
 
Old Mar 16th, 2010, 02:40 PM   #72
Resident Hijacker
 
Sonal's Avatar
 
Join Date: Oct 2003
Location: Toronto, and proud of it.
Posts: 8,757
Just checked, and I had enough money come in to re-lend once more without kicking in any extra... but there was another $10 to spare, so I kicked in another $15 to make another loan.

I'm still expecting another $4 or so, and next month, the first one of my loans gets paid off.

Perhaps I pay way too much attention to this, but it's much more fun than chasing down tenants for rent.
Sonal is offline   Reply With Quote
Old Mar 16th, 2010, 04:13 PM   #73
Resident Curmudgeon
 
SINC's Avatar
 
Join Date: Feb 2001
Location: Central Alberta
Posts: 69,554
Send a message via AIM to SINC
It would appear there have been some discrepancies with some of the loans I have been involved in, so I am placing a copy of the e-mail I received here today for all to read.

It would appear that KIVA now has things under control, although it does raise some alarm bells with me about KIVA:

Dear Kiva Lenders,

My name is Maia Pelleg and I'm a Kiva Fellow working with Sinapi Aba Trust (SAT) in Ghana. I completed my first placement as a Kiva Fellow in Kenya in January, 2010 and was thrilled to embark on an experience with Kiva and microfinance in the new context of West Africa. The initial goals of my posting in Ghana included implementing a repayment reporting system, facilitating a process that enables SAT to provide journal updates to lenders, and making necessary changes to increase efficiency.

I arrived in Kumasi and quickly ascertained that Ghana's reputation for tremendous hospitality stems from reality. The staff of SAT welcomed me warmly and graciously offered to acquaint me with various aspects of Ashanti society.

Unfortunately, as I discovered the kindness of SAT staff, I also found that SAT's existing Kiva system was extremely flawed and lacked proper management. A close look revealed that many loan amounts and terms published on the Kiva website were incorrect. Additionally, the presence of multiple duplicate loan postings was concerning.

Kiva took immediate action and paused SAT for fundraising on Kiva.org. We have evaluated many aspects of the SAT partnership, and I am confident that operational weaknesses can be corrected and adequate management information systems can be utilized.

I have spent the last few weeks designing a new decentralized Kiva system and have already begun implementing changes. Including loan officers from around the country in Kiva processes serves as an additional check as well as enables SAT to provide journal updates and scale in the future. Central to the new Kiva platform is an internal data system that will verify loan details and automate frequent and accurate repayment reports. Additionally, a senior regional manager will be stepping in as Kiva Coordinator at the end of this month.

I am working directly with SAT leadership and staff to execute identified changes. Just this week I trained two branches and several loan officers in how to collect borrower information and photographs for Kiva's site. I can attest to SAT's commitment to a strong Kiva partnership based on integrity and honesty. I am confident that we are able to bridge any gaps that existed in SAT's process of raising funds on Kiva.

This experience serves as a reminder of how seriously Kiva takes transparency and accountability. I hope you will share my ongoing confidence in SAT and more generally in microfinance. Sinapi Aba Trust makes a real difference in the lives of low-income entrepreneurs and I am excited to be a part of enabling them to continue their lending footprint.

Sincerely,

Maia Pelleg

Kiva very much appreciates your responses online. You can read and respond to this journal online at:

Gloria:

Kiva - Loans that change lives
__________________
Visit my website:
St. Albert's Place On The Web
(Over 1.7 million folks have.)
SINC is online now   Reply With Quote
Old Mar 16th, 2010, 04:24 PM   #74
Resident Hijacker
 
Sonal's Avatar
 
Join Date: Oct 2003
Location: Toronto, and proud of it.
Posts: 8,757
I loaned through the same partner and the same message. Seems to be getting sorted out.

There have been a few field partners in the past that have been kicked out of Kiva in the past because of fraudulent activity. They do seem to stay on top of this though, which is a difficult task given how many field partners they have.

To me, it seems like the ~2% or so of loans that default, do so largely due to issues with field partners. (I've looked at the loans filtered by "defaulted" and poked through a number of them to see the reasons why.) Kiva does continue to try and collect, however.

I'm not so worried, though at the same time, it seems like a good idea to diversify among regions and field partners.
Sonal is offline   Reply With Quote
Old Mar 16th, 2010, 04:32 PM   #75
Resident Curmudgeon
 
SINC's Avatar
 
Join Date: Feb 2001
Location: Central Alberta
Posts: 69,554
Send a message via AIM to SINC
Quote:
Originally Posted by Sonal View Post
I'm not so worried, though at the same time, it seems like a good idea to diversify among regions and field partners.
That is the way I've been thinking too. One rotten apple does not spoil the barrel if removed in time, and it appears that is the case, still vigilance and careful choice of regions might be a wise move indeed when making loans in future.
__________________
Visit my website:
St. Albert's Place On The Web
(Over 1.7 million folks have.)
SINC is online now   Reply With Quote
Old Mar 18th, 2010, 11:52 AM   #76
Honourable Citizen
 
Macfury's Avatar
 
Join Date: Feb 2006
Location: Toronto Proper
Posts: 29,267
I loaned a little more on a repayment. We're at $10,600.
__________________
"My life is my own."

MacPro, 1,1 3.0 GHZ
Macfury is online now   Reply With Quote
Old Mar 18th, 2010, 08:09 PM   #77
Honourable Citizen
 
Macfury's Avatar
 
Join Date: Feb 2006
Location: Toronto Proper
Posts: 29,267
We're $2015 away from Google.
__________________
"My life is my own."

MacPro, 1,1 3.0 GHZ
Macfury is online now   Reply With Quote
Old Apr 3rd, 2010, 04:33 PM   #78
Retired Mayor of ehMac
 
ehMax's Avatar
 
Join Date: Feb 2000
Location: ehMac World Headquarters
Posts: 10,150
Send a message via AIM to ehMax
Just lent another $225.
__________________
Not a member of ehMac? Click here to join the community for Free!

Visit iCracked.com for Professional iPhone and iPad Repair!
ehMax is offline   Reply With Quote
Old Apr 8th, 2010, 02:40 AM   #79
Honourable Citizen
 
Macfury's Avatar
 
Join Date: Feb 2006
Location: Toronto Proper
Posts: 29,267
Tied with Brazil, but Google is pulling ahead!
__________________
"My life is my own."

MacPro, 1,1 3.0 GHZ
Macfury is online now   Reply With Quote
Old Apr 14th, 2010, 12:14 PM   #80
Resident Curmudgeon
 
SINC's Avatar
 
Join Date: Feb 2001
Location: Central Alberta
Posts: 69,554
Send a message via AIM to SINC
I made 14 loans totalling $500. To date $98 has been repaid since Dec. 21. One loan is delinquent and one has repaid nothing. Anyone else had a loan go bad?
__________________
Visit my website:
St. Albert's Place On The Web
(Over 1.7 million folks have.)
SINC is online now   Reply With Quote
Reply

Tags
kiva.org

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
WIN FREE iPod SHUFFLE from ehMac.ca! Spring Premium Membership Drive ehMax Anything Mac 38 Apr 12th, 2007 12:19 PM
CLOSED ehMac.ca Premium Membership Free T-Shirt WIN A 4GB CUSTOM RED IPOD NANO! ehMax Anything Mac 87 Jan 29th, 2007 08:41 PM
Some ehMac.ca changes / improvements coming! Feedback / Suggestions wanted! ehMax Info Centre 146 Nov 4th, 2006 12:55 AM


All times are GMT -4. The time now is 03:53 PM.



Copyright 1999 - 2012, ehMac.ca All rights reserved. ehMac is not affiliated with Apple Inc. Mac, iPod, iTunes, iPhone, Apple TV are trademarks of Apple Inc. Content Relevant URLs by vBSEO 3.6.0 RC 2

Tribe.ca: Urban living in Toronto!