I got an e-mail regarding the kiva blog post about clarifying how kiva works. They seem to want to clarify some topics that were not totally clear to people such as where their money goes and whatnot. Check it out.
I’m still active in Kiva lending although not quite as active as I was last year. Ever since I hit the 1,000 loan mark I’ve been crawling along with around 4-12 loans a month. The main reason for this is I just don’t have the funds anymore to cover heavy lending. The second reason is that I don’t have access to cheap 0% credit anymore that I would use to fund additional loans.
I’ll probably do a year end update but as of now my total loans is 1,120 loans. The loan stats are delinquency rate 6.91% , default rate 1.54% and the total amount lost through defaults is $479.08.
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