Free Money! $25 Bonus from The Charity Organisation Kiva if You Make a Loan in The Next 3 Days

Tuesdaygal on 28/06/2014 - 23:08

Moved to Forum: Original Link

Received this email today from Kiva. I am sure it is targeted but I think if you join the organisation, you may be sent the same email in the next couple of days (ie. before the end of the financial year).

"You've already taken a big step by joining the Kiva community–but Kiva is even more fun when you lend your own money. And if you make a loan in the next 3 days, we'll give you an extra $25 bonus to lend on July 1!"

Furthermore, if you refer friends and your referrals are successful, you will be given $25 per referral to loan.

That's not all, folks, some borrowers have sponsor organisations that will match your lending dollar for dollar stretching your loan further.

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Comments

  • bossmode on 28/06/2014 - 23:11
    +1

    This screams MLM

  • Moderatorhamza23 on 28/06/2014 - 23:23

    Moved to forums Charity Deal

  • GnarlyKnuckles on 29/06/2014 - 01:42

    I don't understand what they're offering, or why. It seems to make no sense.

    • Tuesdaygal on 29/06/2014 - 09:02

      The non profit organisation Kiva aims to match lenders to small scale borrowers who have no means or ability to borrow sums from banks. These loans (typically $1000+) are used to finance small businesses in the borrowers' communities. Over time, the money is repaid and the lender can then re-loan the money to others. I guess they are running incentives to grow their supporter base and increase participation.

    • Placebo on 29/06/2014 - 10:40
      +1

      Kiva users make micro loans to lenders in developing countries. The loans can range from a few hundred to thousands. The loans that Kiva users make are in $25 chunks. This promotion is for users to make a $25 loan with someone elses funds, the $25 is then repaid to the person who originally funded it via this promotion, not the Kiva user making the loan.

      So you get to make a $25 loan without using your own money, but the money doesn't get repaid to you when the borrower makes their repayments.

  • psy on 30/06/2014 - 18:36
    +1

    I've made 24 loans on Kiva. Thanks for the reminder, as I have some $ sitting in repayments that I can re-loan.

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