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by colechristensen
4490 days ago
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Evidence: Just look at the portfolio yield of many of kiva's lenders. http://en.wikipedia.org/wiki/Kiva_(organization)#Current_int... If you're making more than a percent or two interest in what you believe is warm-fuzzy charitable lending, you're simply deluded. Almost all of these enjoy double digit interest rate yields... that's after losses for defaults. Most are around 30% some over 80%. It is very obviously a morally bankrupt practice which has managed to clothe itself as a charity. |
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