KIVA Micro-Loans
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Hi Penn fans. Penn Says videos have been discontinued, so you won’t be seeing any new content on here. You can check out our Profile on our Channel Page for more info. We’ll still be checking in, so hope to keep chatting with you all! Thanks!
Hi, Robbie!
It’s just the processing. Videos are uploaded before they are fully processed. Or used to. Not sure about it now, though.
@Hectortuba155817 Great to hear! Please let us know if you experience any other issues.
nope, seems to be working fine now
@Hectortuba155817 Are you still having this problem?
@Luminasita $25 bucks is ALL you nees to get started. Once they pay you back after the loan is finished you can RELOAN the same 25 bucks.
By the end of 2 or 3 years, those same 25 bucks will have funded over 200 dollars in loans.
Micro financing reflects the real power of money.
Micro-Loans might be welfare unless they have a good legal system and property rights and protection from gov.
I really like the Heifer foundation.
I love this idea. Helping people who truly want to help themselves. Everyone wins.
do penns vids take a while to load for anyone else? It doesnt take forever or anything but it isnt streaming. I would assume its cause of the amount of people trying to view it at the same time but its only got about 4500 views.
I just loaned $25 to a woodworker in Guatemala. The agency he is with has a 0% default rate, so in another few months or so, I should be able to loan the same money again.
Thanks for the cool “feel good” idea Penn!
I sent a small amount to a co-op of women in India who wanted to start a sewing business. They paid it right off and are now making enough money to live on. So you take that money they paid back and put it into something else. Penn’s right–it can be a couple hundred or ten bucks. It all goes into the pot.
It’s a genius idea.
Micro loans are going to catch on here in the states. It’s going to be the only way to get anything done!
well, the point is not to give what you cannot afford, what is cool is that you chip in *whatever* toward their goal. I have been noodling around there a bit and I really like it…
Gotta agree with the others who say a couple hundred is a lot of money- that’s rent!
Good idea, though, and I do hope to be able to try it out.. someday.
~Kat
I don’t mean me, I mean the average over-consuming family.
wtf? He’s four times worse than Bush if you can count.
You have strange priorities if you can’t.
I loaned money here in Thailand to build 3 houses (less than $ 20,000) for neighbors and friends..I got paid back with interest in less than a year.
two hundred dollars won’t but groceries for a family of four now for a week
Thanks for the info!
Yeah it sounds like a great idea, I could see this micro-loan thing working for businesses in America too, it seems like it would work better than the current banking system we have now. It could at least supplement it.
I’m not surprised it came from the private industry, most great ideas too. I hope this is a sign of the future.
A couple hundred dollars is a lot to me.
That was Muhammad Yunis, who founded the Grameen Bank in Bangladesh in the 1970s. It’s usually considered the most successful anti-poverty programme in history. And it makes a profit.
No way.
What kind of management experience does the govt have in auto makers?
The best top managers will leave now that their pay is limited by the govt because GM accepted TARP bailout money.
Would you invest in Trabant? No.