Posts Tagged ‘Kiva’

Kiva – 4 Micro Loans

We’ve had a decent run with things lately so I paid a visit to our friends at Kiva and set up another 4 micro-loans to those in the world who are a little less fortunate.

For anybody who is unsure of what Kiva is all about, I could wax lyrical for a few paragraphs but it’s probably more beneficial to watch the little youtube video below and to your right entitled, “Kiva – The Pedro Story”.

The basics for the video skippers:

Kiva’s mission is to connect people, through lending, for the sake of alleviating poverty. Kiva empowers individuals to lend to an entrepreneur across the globe. By combining micro finance with the internet, Kiva is creating a global community of people connected through lending.

Opening an account at Kiva is a quick and simple process and you can be up and lending in a matter of minutes. You can choose to lend on a number of criteria including gender, country or sector or any combination you choose.

After signing up, you can log in at any time and click on my portfolio to check out where things are at.

Over time you’ll receive updates on those you’ve lent to along with repayment reports. When your loan has been repaid in its entirety, simply re-visit Kiva and begin the process again. It is as simple as that. Now that’s money really going to work, huh!

Rather than re-invent the wheel, Investor Trader has teamed up with a sister-site, 2Camels Festivals and Events to set up a Kiva lending team. It’s a way for us to all band together and get behind Kiva. I’d love it if you joined us.

Here’s a link to a geographic representation of the loans I’ve made to Kiva so far. Click on the flags to get a little more info on each of the lenders. Okay, so I ain’t no Bill Gates just yet, but we’ve all got to start somewhere!

I urge you all to pay a visit to Kiva, even if it is just to get a feel for what they’re doing. Grab a gift certificate for someone you love or share the word by adding a Kiva link to the signature of your email. It all helps. Thanks again for dropping by.

Month 1 Summary – Portfolio Value £5,924

I must apologise, I really am a fair-weather blogger. Looking over my daily updates during the first month of our little quest to net a million, it must appear that Investor Trader has been a resounding success. Of the seven updates I’ve written, six have claimed capital gains on the day – unrealised, though they are. But if you take a careful look at the reality of things, it’s a little closer to 60-40 in favour of the good days.

Overall though, some of the good days have been very good, which has seen total capital appeciate, by in the region of £900. Now I’m no mathematician but if I’ve made £900 in one month and we’re to travel 60 months on this little project, then we’re looking in the region of a £54,000 portfolio come 2014 (our end date). Now that’s no mean feat, but I’ve still got to up my game by a factor of 18.5 if I want hit the magical million. It’s a big ask!

All things being equal, over time our portfolio should grow as income starts to kick in and I can invest more heavily but a lot of it will come down to market conditions.

If – as I hope – that market has bottomed out and we’ve got some good times ahead, then I’m confident we can make some big gains in the months to come. If there’s more downside in the offing, then it’ll be a real test of my investing abilities (hard swallow).

Whatever happens, I hope you’ll join me as I try to make Investor Trader a success for me personally and Kiva, the charity I’ll be supporting.

Kiva

kiva-banner

I’ve been giving a little thought as to which charity I should share my wealth with when we I hit the magical million (if I don’t believe it, no-one will) and time and time again I come back to Kiva.

For those of you new to Investor Trader, my aim was to raise a million pounds via site income and share equity revenue in the space of 5 years – hence the big numbers to your right – after which time I was to share a portion of any money made with a charity.

Now there’s any number of fantastic charities out there and my mind is far from set in stone on this, but due to the very entrepreneurial nature of our little project at Investor Trader, I thought Kiva would provide a logical fit.

For those of you that don’t know about Kiva, I’ve borrowed a little information from their site that should help clarify what they’re all about:

Kiva is a non-profit organisation that allows you to lend as little as $25 to a specific low-income entrepreneur across the globe.

You choose who to lend to – whether a baker in Afghanistan, a goat herder in Uganda, a farmer in Peru, a restaurateur in Cambodia, or a tailor in Iraq – and as they repay their loan, you get your money back.  It’s a powerful and sustainable way to empower someone right now to lift themselves out of poverty.

The very notion of empowering others to make a real go of things for themselves is inspiring and being in a position to help a charity like this grow, will give me reason to work hard at making Investor Trader a massive success every day when I arrive at my terminal. Not only that, when the money is paid back, I can re-lend it over and over again. I think you’ll have to agree, it’s a fantastic concept.

Deciding on a charity very early on in the Investor Trader project, not only provides that focus, but allows us to do some promotion for Kiva along the way.

When I finish this blog post, I’ll be heading over to Kiva, to sign up for an account and learn more about the process which I’ll report back on agin shortly.

In the meantime, I urge you to pay a visit to Kiva and see for yourself the difference they’re making.

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Disclaimer: Investor Trader is the blog of a single, personal investor. The owner of this blog is not a citizen of the United Kingdom nor is he based in the United Kingdom and the blog is not hosted in the United Kingdom. The owner has never received any form of compensation for providing investment recommendations and has never in the past been employed in any capacity where he has provided investment recommendations. Investor Trader does not make investment recommendations and no information displayed on its pages should be considered as investment advice. Nothing on Investor Trader should be interpreted as a recommendation or solicitation to buy or sell any securities or investments. All trades are first reported on Investor Trader at least a day or two after the fact (but more often a week or two), never live. Investor Trader is here to journal my attempts to make a few quid from the markets and possibly to entertain you a little into the bargain. Please, please, please, do your own piles of research and if you want good investment advice go out and find someone who does this sort of thing for a living (i.e. not me). Most of my investment decisions are based on gut feelings, hearsay, unfounded rumour and whether or not I like the cut of a company logo. You've been warned!
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