If you are worried that you shall not be able to successfully track your loan with the help of KIVA, you could either visit website information in this regard provided by KIVA officials, or you could continue your lecture here. We are not going to tell you to call any suspicious 800 numbers just for the sake of it, or to scam you in any way. You could, however, use the official KIVA contact information and get in touch with a person that is highly trained to address all of your questions and concerns regarding your loan tracking intentions.
As you already probably know by now, KIVA website that is giving out microloans to people who need to find quick cash advance online sources. Usually, folks who ask for such loans do not plan to use the money and go on vacations, eat fine Italian food or sip glasses of Chardonnay in luxurious restaurants. They are also less likely to be searching for a volkswagen Scottsdale car dealer in order to find a cheap second car they can buy or offer as a gift. Their financial needs are normally considered to be emergencies and the fats loans they need to lay their hands on should help them get out of a cumbersome money situation. Having to cover the monthly bills that cannot suffer any more postponing or desperately needing to cover some additional bank pr payday loans are a couple of strong arguments they could be using to explain their need for a KIVA type of loan.
KIVA provides these people with the money they need and also with the opportunity to easily track down their loans. This public benefit corporation is a non-profit one and it can offer loans as small as $25 which can aid a lot of emerging small businesses in developing countries worldwide such as the ones in South Africa. Entrepreneurs that come from developing nations are therefore the main borrowers here, and their profiles and business descriptions can be found on the official KIVA web site. Sending money using the PayPal service is all that is needed t make a loan, no fees charged. The KIVA organization will then send that money to a local microfinance partner and keep a constant eye on the borrower’s activity with the help of a loan officer. The periodic updates that these special KIVA loan officers will be writing on a constant basis should be aiding anyone keep a close track of their loans. The moment the money is going to be repaid using another KIVA account, the initial lender will be able to either collect it or loan it again to a different business or person throughout the world, following the same rules.
The fact that these loans are to be considered personal agreements between lender and borrowers might pose some risk, but the repayment rate is huge: 99.59%.