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With Black Friday behind me, I'm suddenly stuck with my bankroll and I can't use it for poker.

So, what better way to use it than making some micro loans through Kiva and Buy In 2 Giving!

This Philippine woman needs to expand her butcher shop . The average annual income in the Philippines is $1,175. How many of us have lost poker hands worth more than that? For $600 she is now able to expand her shop and improve her and her families lives.

Who wants to join me in lending some of their post-Black Friday bankrolls to an amazing cause?

awesome luke, I absolutely agree with your reasoning... will make new loans at the new month...

btw make sure to spreak your loans amongst different people as otherwise you're exposed to one client not being able to pay back (in the 2% of the situations where people can't pay off their debt)

btw I'm not sure if the lenders are exposed to that risk or if it's spread amongst all lenders, can anyone shine a light on it? couldn't find it myself on KIVA

btw I'm not sure if the lenders are exposed to that risk or if it's spread amongst all lenders, can anyone shine a light on it? couldn't find it myself on KIVA

Not sure either. I'd assume it'd be spread out as that makes the most sense. I honestly haven't put much thought into it. Since we basically need to get 1-outered for it to matter, I just look at it as a very tiny risk of helping

Good advice on spreading the love though.

btw I'm not sure if the lenders are exposed to that risk or if it's spread amongst all lenders, can anyone shine a light on it? couldn't find it myself on KIVA

When a lendee can't pay back, you won't get your loan amount back. For example, if you loaned $25 out of a $1,200 loan and the lendee was supposed to repay over 12 months ($100/month) you would get your $25 back in 12 increments. If they stop repaying after 6 months, you would have only recouped $12.50 out of your entire loan.

so risk wise it's better to loand 8x 25 to 8 people rather then 200 to one person to spread risk...

btw I'm not sure if the lenders are exposed to that risk or if it's spread amongst all lenders, can anyone shine a light on it? couldn't find it myself on KIVA

The 5 start risk factor MFIs put up the money themselves in case of a default to artificially keep the default% down and thus get more people funding them in return. Otherwise it's as Luke said above.

3 new loans made:

http://www.kiva.org/lend/294683
Helped Asma Abdallah to expand her food store

http://www.kiva.org/lend/294816
Helped Mwajuma Vumilia to increase her stocks so she can expand her pharmacy

http://www.kiva.org/lend/294681
Helped Mwanahamis Zuberi with expanding her food vending business by lending her so she could buy a sack of rice, wheat flour, a bucket of cooking oil, corn flour and half a sack of beans.

What happened to the coaching raffle?

aren't they done at the start of the new month? so guess that should happen in the next few days

But there isn't even a list of coaches on the website (or I'm blind). There was a list of coaches for the first raffle right?

It doesn't show for the general public as it's just for DC.

http://www.buyintogiving.org/coaching-raffle.html

For anyone who made loans during April, make sure to PM me with how much $ you loaned total!

Bump. Make sure to PM me with the total amount you loaned in April to be entered into the raffle!

hansgeertsma and dufco are the only ones who have reported their loans for April. If you made any, be sure to let me know soon. I'll be doing the raffle drawing soon!

new month new loans, 5 new loans made in cambodja's agricultural sector..

new month new loans, 5 new loans made in cambodja's agricultural sector..

Nice!

I just did the raffle drawing and the winner of the free coaching session for the month of April was hansgeertsma. Check out the link below and let me know from whom you'd like to get coaching

http://www.buyintogiving.org/coaching-raffle.html

Yea, no loans for me this month

4 new loans for May. Lets keep going this way !

Hey Tecmo, do you plan to go to the series this year? If so, it would probably be a good idea to promote the BI2G team during the event with Tshirts or other stuff. Make some noise and try to involve more people into the team !!!

Hey Tecmo, do you plan to go to the series this year? If so, it would probably be a good idea to promote the BI2G team during the event with Tshirts or other stuff. Make some noise and try to involve more people into the team !!!

This would be a great idea IMO, I might head towards the WSOP, not really sure yet but if I head that way I'd like to help organizing some noise around this initiative...

Yes, I'll be there from June 27-July 8th.

What about something like this?

http://www.cafepress.com/bi2g

I like the white hooded sweater a lot. It'd be cool to wear something like that at the tables..

btw we broke 14K loans, time to hit the 15 soon!

Yes, I'll be there from June 27-July 8th.

What about something like this?

http://www.cafepress.com/bi2g

Awesome IMO

I like the white hooded sweater a lot. It'd be cool to wear something like that at the tables..

btw we broke 14K loans, time to hit the 15 soon!

I've been meaning to join the DC Kiva team for a while, even though I have no job and no income and I'm almost a charity case myself... Imma try to squeeze out a $25 loan just to get the ball rolling.

Anyone have any strategies for how they chose whom to lend to? I figure I will just pick the lowest loan amounts because they are the ones who need it most just because of the huge discrepancies in cost of living. Some of these people only need ~$100 USD. So I figure if I donate $25 towards that $100 at least in my mind I feel like I am making a bigger real world difference, even if the risk of default is higher w/e they need this money more than I do.

I make my choices based on countries I've visited and from which I know the situation, $25 really makes a big difference for alot of people. Even for example countries like cambodja and thailand need help, it seems like they're making a lot of money by tourists etc but a construction worker in bangkok for example only makes $4 a day for a 14hr work day!

I won't lend money to western countires like europe or the US and lend solely to starting businesses and agricultural investments.. I don't lend for house construction etc.. Great to see you help Chazb0t

I make my choices based on countries I've visited and from which I know the situation, $25 really makes a big difference for alot of people. Even for example countries like cambodja and thailand need help, it seems like they're making a lot of money by tourists etc but a construction worker in bangkok for example only makes $4 a day for a 14hr work day!

I won't lend money to western countires like europe or the US and lend solely to starting businesses and agricultural investments.. I don't lend for house construction etc.. Great to see you help Chazb0t

That was my plan. To donate based on extremely poor countries/low cost of living, also I might be leaning towards donating mostly/completely to females, because we have equal rights in the US, it isn't the case everywhere else. The barriers to entry and ability for women to start/run businesses in poorer countries must be ridiculous.