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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..