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Tuesday, August 14, 2007

Kiva Update

Our road trip comes to an end today... though as this posts, there is still quite a bit of road ahead of us... about an 8-ish hour, 500 mile ride home from Telluride.  Yikes!  At least we'll get an hour back by crossing time zones (well technically we're all in MST, but there's the hour difference thanks to AZ not observing daylight savings)... anyhow, I am sure we'll be very glad to get home!

Just in case you haven't been keeping tabs on my Kiva page, here's an update.

The early days on Kiva were very addictive and there was just an overwhelming urge to want to help everyone!   So in the last couple of weeks, I decided to take a break from contributing to new loans... but before getting to that point, my loan "portfolio" reached 25 loans.

Another good reason for the break, was that Kiva apparently was overwhelmed by people wanting to lend.  Usually, you can contribute any amount from $25 up to the full amount of the loan (some of them over $1000)... but for a few days Kiva temporarily limited loan contributions to the $25 minimum.  I'm guessing they didn't have enough new loan requests to go around!  Certainly, a nice "problem" for a aid organization to have... but those restrictions have been lifted.

Personally, I am happy to report that all the loans I contributed to have been dispersed... and 11 of them have already started re-payment... by the end of the year, I will likely have my first full repayment and recycle my contribution to someone else!   Pretty cool, huh?

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