Doing good and earning points with Kiva microloans | Coffee Break Ep33 | 11-12-24
Frequent Miler on the Air
Frequent Miler
4.9 • 640 Ratings
🗓️ 12 November 2024
⏱️ 10 minutes
🧾️ Download transcript
Summary
Kiva is a clearing house for microlenders to help them find funding for microloans. You don't earn interest on these loans, but this can be an interesting way to accumulate spend on reward cards without fees...
(00:37) - Kiva is like a clearinghouse for microlenders to help them find funding Read more about Kiva loans here: https://frequentmiler.com/why-i-love-kiva-for-earning-rewards-and-doing-good/
(01:32) - You choose which loans to fund and how much to fund. (You do not earn interest. At best: 100% of money back.) But you can pay with credit card with no fee!
(03:33) - How much $ can you float? (And how long can you float?)
(04:22) - No guarantee of pay back
(05:00) - Avg default rate: 1.82% (mine: 1.73%)
(06:03) - Tool to make it easier to find safe loans: KivaLens
Read about KivaLens here: http://www.kivalens.org/
And read about updates to KivaLens here: https://frequentmiler.com/kivalens-resurfaces-better-than-before/
(06:40) - KivaLens gives you an ability to filter loan types
(07:48) - KivaLens also gives you an ability to sort
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Music Credit – Beach Walk by Unicorn Heads
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Transcript
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| 0:00.0 | This is a Voyescape podcast. |
| 0:03.9 | You can find all of our travel podcasts from around the world at voyescape.com. |
| 0:12.2 | Here we go. |
| 0:16.3 | This is not your typical frequent miler on the air episode. |
| 0:21.0 | This is a standalone segment we're calling coffee break. |
| 0:25.0 | Each coffee break segment will cover a single topic related to miles and points. |
| 0:30.6 | And each coffee break is limited to 20 minutes or your money back. |
| 0:34.8 | Enjoy. |
| 0:38.2 | Today's coffee break. Doing good and earning points with Kiva microloans. |
| 0:44.6 | That sounds interesting. Tell me more. Yeah. Kiva's a service I've been using for a long time now, |
| 0:50.3 | and I figured it's time to tell our podcast audience all about it. |
| 1:03.3 | In general, Kiva is a clearinghouse for microlenders to help them find funding for microloans. |
| 1:10.2 | So basically all around the world, there are lots of different microlenders who, you know, |
| 1:15.1 | lend to people usually who are pretty needy that just need a little bit of money to get supplies for their business or sometimes it's even just things like |
| 1:22.9 | they need some money so they can afford travel to be able to go to school. |
| 1:27.7 | You know, there's all kinds of things. |
| 1:30.0 | Reasons micro-loaners are out there, micro-lending. |
| 1:34.2 | And Kiva is sort of the Craigslist of micro-lending, if you will. |
| 1:41.9 | And what Kiva does is it lets you choose which loans you want to fund |
| 1:48.8 | and how much to fund each one. You don't earn interest on these loans. At best, if all goes well, |
| 1:56.4 | you earn 100% of your money back, but this is not a profit-making opportunity here. |
| 2:03.4 | However, you can pay for these loans with a credit card and there's no fee whatsoever. |
... |
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