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Comment by akudha

There is no profit/interest for lenders. I do it through kiva.org Kiva doesn't make the loans directly either - they partner with local organizations in the countries they operate in. Any interest these local orgs charge, is for their operating expenses. Lenders on Kiva do not get interest. There is also a chance of losing money if loans are defaulted, due to currency exchange loss etc (I have to check the exact amount, but I have lost some due to defaults)

https://www.kiva.org/about/how

I also tried a couple of other Microfinance orgs (can't remember the names now), but kept going back to Kiva. Been doing it for 15 years, so it slowly adds up, even though I wasn't consistent.

parent akudha 23 days ago

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