Het grote FOK! steunt Kiva topic #4 Nu met FP-reinforcements

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Op donderdag 23 juli 2009 01:53 schreef ETA het volgende:
is het niet handiger om discussies op het forum te voeren ipv via de FOK team pagina op Kiva? Elk berichtje dat je daar typt wordt dan per mail verstuurd naar alle leden. Ik denk niet dat iedereen zit te wachten op zoveel mailtjes met 2 zinnen die net zo goed via dit topic kunnen

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Op donderdag 23 juli 2009 07:19 schreef Libris het volgende:
Zijn er trouwens Android gebruikers hier? Ik hoop van het weekend of anders volgende week een Android app te maken die een overzicht laat zien van je leningen, team, etc...

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Op donderdag 23 juli 2009 11:14 schreef Macka66 het volgende:

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Lijkt me een euke applicatie! Maar had je dat niet eerder kunnen melden... Vandaag komt mijn nieuwe mobieltje, met Symbian OS (S60 3rd Edition)

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Op donderdag 23 juli 2009 11:56 schreef Lamon het volgende:
Mooi, ik dacht aan Arcee, maar er zijn natuurlijk ook anderen die dat soort dingen kunnen.
Tof, Libris, ben benieuwd.

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Op donderdag 23 juli 2009 19:28 schreef Goldmund het volgende:

Zo mijn eerste 25 dollar uitgeleend. Wat een keuze zeg.

Heb een vietnamese vrouw van 58 die koeien heeft.

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* Aernout has joined the FOK! team.
* Coen has left a message for the FOK! team.
* Entonces has joined the FOK! team.
* Bas has joined the FOK! team.
* Jeffrey has joined the FOK! team.

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Op donderdag 23 juli 2009 22:39 schreef korting het volgende:
Wat gebeurd er eigenlijk als het aantal dagen niet gehaald wordt? Wordt dan alles teruggestort bij de lenders en gaat het niet door?

Wat vinden jullie van dit groepje mensen?

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What happens if a loan expires on the Kiva Website?
All loans can fundraise for up to a month on the Kiva website. If a loan is not fully funded within a month, all contributing lenders will be refunded and notified by email.

Why do loans expire on the Kiva website?
Kiva allows individuals to make choices about who they would like to support with their loan funds. Lenders show their support by contributing to a loan request, and most loans are funded within a matter of days. However, if a loan is not fully funded within 30 days, the loan request automatically expires, and our Field Partner can consider the characteristics of the loan that resulted in a lack of support from Kiva Lenders.

How does loan expiration affect an entrepreneur?
In many cases, the entrepreneur is not directly affected, as the Field Partner managing the loan can choose to fund the loan from another of its funding sources. Kiva's Field Partners fund the loans they facilitate from various sources, including grants, loans, savings, Kiva etc.

In fact, it is common for Kiva's Field Partners to use existing capital reserves to fund an entrepreneur and backfill this amount with the loan funds raised on the Kiva website. In these cases, expiration can ultimately negatively impact Kiva's Field Partners. The potential impact is less reserves for the Field Partners, which may reduce their ability to lend to more of the poor in their communities.

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Op donderdag 23 juli 2009 23:10 schreef ETA het volgende:

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Op vrijdag 24 juli 2009 10:55 schreef Goldmund het volgende:

Hoe zit het eigenlijk met Kiva en de fleldpartners. Waar leven die van? Klopt het dat de fieldpartners van de interest leven die de leners betalen? En Kiva puur van de giften die je bovenop je lening kan geven? Doen jullie dat ook?
Is er eigenlijk een kwaliteitskenmerk voor Kiva en de fieldpartners? Dat ze niet daar maar wat verhaaltjes verzinnen en dat Kiva niet enorm duurbetaalde directeuren heeft.
Moest daar even aan denken toen ik vandaag updates las die allemaal uit Tanzania kwamen. Steeds precies hetzelfde verhaaltje, met alleen de naam van de lener en reden van de lening als onderscheid.

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Kiva's Field Partners fund the loans they facilitate from various sources, including grants, loans, savings, Kiva etc.

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Kiva only partners with microfinance institutions that have a social mission of lending to the poor. To obtain more information about how Kiva evaluates and selects its Field Partners, please see our Risk and Due Diligence Center: http://www.kiva.org/about/risk/overview .

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A partial marvel

Jul 16th 2009
From The Economist print edition

Microcredit may not work wonders but it does help the entrepreneurial poor

MICROCREDIT looks like a miracle. It involves providing unsecured small loans to poor people in developing countries whom most banks would turn away. Yet these small borrowers almost always repay their loans (and the fairly steep interest charges) on time, which suggests that they find productive uses for the money. The industry’s backers make some big claims as a result: Mohammad Yunus, the founder of Grameen Bank in Bangladesh and the father of microfinance, reckons that 5% of Grameen Bank’s clients exit poverty each year. Yet economists point out that there are surprisingly few credible estimates of the extent to which microcredit actually reduces poverty.

This would not matter too much if all microfinance funding were raised via the market (as an increasing proportion is). As long as investors were satisfied with their returns, there would be no cause for concern. Yet despite growing interest from private investors, 53% of the $11.7 billion that was committed to the microfinance industry in 2008 still came at below-market rates from aid agencies, multilateral banks and other donors. Given that there are other things that aid money could be spent on, and that the rationale for subsidising microcredit is its effectiveness as an anti-poverty tool, it is important for donors to know whether it has the advertised effects.

Measuring the impact of microcredit is complicated by the fact that the counterfactual—what would have happened to a person who borrowed from a microlender if he had not done so—cannot easily be tested. Many early studies compared borrowers with non-borrowers. But if borrowers are in any case more entrepreneurial than those who do not borrow, such comparisons are likely to overstate hugely the effect of microcredit.

Worries of this nature are not mere nitpicking. One study surveyed 1,800 families in rural Bangladesh and found that an impressive 62% of school-age sons of those who borrowed from Grameen Bank were in school, compared with 34% of the sons of non-borrowers. Advocates argued that this showed that microcredit helped increase school enrolment. But a comparison with people of similar backgrounds in villages without access to microcredit showed that the difference was because people who were already more likely to have children in school were also those who signed up for microcredit. Even comparisons between areas with and without microcredit may be misleading, because microlenders naturally choose to work in areas where their prospects of success are the greatest.

The pervasiveness of these self-selection issues has led researchers to devise experiments that allow them to ensure that participation in a programme is determined essentially by chance. Two new papers* apply this idea to measure the effect of access to microcredit. Researchers from the Poverty Action Lab at the Massachusetts Institute of Technology (MIT) worked with an Indian microfinance firm to ensure that 52 randomly chosen slums in the city of Hyderabad were given access to microfinance, while 52 other slums, which were equally suitable and where the lender was also keen to expand, were denied it. This allowed the researchers to see clearly the effect of microcredit on an entire community. Dean Karlan of Yale University and Jonathan Zinman of Dartmouth College carried out a similar exercise in the Philippines, this time at the level of the individual borrower. They tweaked the credit-scoring software of a microfinance firm so that only a random subset of people with marginal credit histories were accepted as clients. These clients could then be compared with those who sought credit but were denied it.

Broadly speaking, neither study found that microcredit reduced poverty. There was no effect on average household consumption, at least within a year to 18 months of the experiment. The study in the Philippines also measured the probability of being under the poverty line and the quality of food that people ate, and again found no effects. Microcredit may not even be the most useful financial service for the majority of poor people. Only one in five loans in the Hyderabad study actually led to the creation of a new business. Providing people with safe places to store their (small) savings may help them more in the long run.
Small and perfectly formed?

That said, microcredit did have discernible effects. In India, people in the slums that had access to microcredit were more likely to cut down on things like tobacco and alcohol in favour of durable goods (particularly items such as pushcarts or cooking pans that are used heavily by traders and food-stall owners). One reason average consumption failed to increase may therefore be that more people were diverting some of their own income into starting or expanding their businesses. Microcredit clearly allowed more people to overcome the barrier posed by start-up costs. The MIT researchers found that as many as one-third more businesses had opened in slums which had a microcredit branch. This may mean that even though there was no measurable impact on poverty during the study period, there may well be some over a longer time-frame as these businesses prosper.

Tiny loans are unlikely to be enough to allow these businesses to grow to an efficient scale, of course. But the role of microcredit in allowing people to signal their creditworthiness is valuable, especially if their success makes banks more willing to lend them larger sums and leads to even more economic activity. By being willing to take a risk on entrepreneurial sorts who lack any other way to start a business, microcredit may help reduce poverty in the long run, even if its short-run effects are negligible.

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Op vrijdag 24 juli 2009 11:23 schreef DennisMoore het volgende:
Denk dat 't meer een kwestie is van tijdgebrek om voor alle entrepreneurs unieke updates te maken, moet ook allemaal vertaald worden enzo.

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Op vrijdag 24 juli 2009 10:47 schreef Libris het volgende:

Naast mijn Aziatische 'investeringen' heb ik nu een groepje excuus Afrikanen uit Sierra Leone, om mijn Android map uit te testen

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Op vrijdag 24 juli 2009 14:37 schreef Omniej het volgende:

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Dat klopt. Heb het al eens gelezen, ergens op de website van Kiva... Ik kan het zo snel even niet meer terugvinden, maar er stond in ieder geval dat ze gebruikmaken van standaardteksten voor alle leningen, inderdaad omdat het domweg te veel tijd kost om voor elke lening een eigen tekst te schrijven én te vertalen naar het Engels.

Aan de ene kant jammer, maar aan de andere kant kunnen ze hun tijd inderdaad ook wel nuttiger besteden dan aan het schrijven van mooie tekstjes.

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Op vrijdag 24 juli 2009 16:55 schreef korting het volgende:

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Dus de teksen op de website van Kiva zijn nep?

Geef je het dan wel echt aan die mensen op de foto?