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Jyrki21
Rebel Sell + Moneyball = Life
Joined: 18 Oct 2007
Posts: 1857
Location: Ottawa, ON
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 Posted: Mon Nov 12, 2007 12:47 pm Post subject: Renamed: OTP-endorsed businesses on Kiva |
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For those unaware of Offthepost's KIVA micro-credit campaign, we are the single largest lender to Tina's Drinking Spot, a watering hole in Ghana's capital of Accra.
On OTP: Generation One we had a sticky with the planning process and periodic repayment updates. I noticed that a repayment is scheduled for today, so I thought we should put the sticky back up.
Here is the official site:
http://www.kiva.org/app.php?page=businesses&action=about&id=5528
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Last edited by Jyrki21 on Mon Jan 14, 2008 4:21 pm; edited 2 times in total |
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saskhab
'03-'04 Goalie Profiles Coming Soon!
Joined: 17 Oct 2007
Posts: 3418
Location: Saskatoon!
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| Posted: Mon Nov 12, 2007 1:50 pm Post subject: |
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Should be paid off on Dec. 12!
I guess our next OTP sponsored venture begins then?
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"Oh my God. There she is. Lovely Sally Slater. I should speak to her. But what the hell can I say? Anything that doesn't mention that I masturbate over her memory is probably a good idea."
- Mark Corrigan, Peep Show |
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RW
Distinguished Gentleman of the Post
Joined: 18 Oct 2007
Posts: 346
Location: Seat 10, Row 8, Section 226B
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| Posted: Mon Nov 12, 2007 4:48 pm Post subject: |
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| saskhab wrote: |
Should be paid off on Dec. 12!
I guess our next OTP sponsored venture begins then? |
I am assuming this would be correct.
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"The greatest victory a man can win is victory over himself."
Johann Heinrich Pestalozzi |
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E.L.3000
Big in Japan
Joined: 18 Oct 2007
Posts: 1578
Location: MTL Police: stay out ma bizness
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| Posted: Mon Nov 12, 2007 4:54 pm Post subject: |
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I just realized I'm investing in the wrong Ghanaese store. My entrepreneur is almost done paying back her loan, so I'll make sure we're all in the same boat next time around.
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John McCain is fit as a fiddle… Is 71 the new 30?” - Fox News' Rich Lowry
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RW
Distinguished Gentleman of the Post
Joined: 18 Oct 2007
Posts: 346
Location: Seat 10, Row 8, Section 226B
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| Posted: Wed Dec 12, 2007 4:54 pm Post subject: |
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Tina has made another payment.
| Kiva.org wrote: |
| The business you have loaned to, Tina's Drinking Spot run by Augustina Ayaah, has made a repayment of $89.00. The total amount repaid is now $712.00. This repayment will be divided amongst all the lenders who helped to fund this business, depending upon the percentage each lender contributed |
_________________
"The greatest victory a man can win is victory over himself."
Johann Heinrich Pestalozzi |
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Jyrki21
Rebel Sell + Moneyball = Life
Joined: 18 Oct 2007
Posts: 1857
Location: Ottawa, ON
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| Posted: Wed Dec 12, 2007 5:32 pm Post subject: |
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| RW wrote: |
Tina has made another payment.
| Kiva.org wrote: |
| The business you have loaned to, Tina's Drinking Spot run by Augustina Ayaah, has made a repayment of $89.00. The total amount repaid is now $712.00. This repayment will be divided amongst all the lenders who helped to fund this business, depending upon the percentage each lender contributed |
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She's lucky... I was just about to send someone over to Ghana to smash her kneecaps.
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Farang
Chaser, Wearer of Skirts
Joined: 18 Oct 2007
Posts: 493
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| Posted: Wed Dec 12, 2007 6:14 pm Post subject: |
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Were you going to be forced in a negative way that might affect all and sundry?  |
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RW
Distinguished Gentleman of the Post
Joined: 18 Oct 2007
Posts: 346
Location: Seat 10, Row 8, Section 226B
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| Posted: Sat Jan 12, 2008 5:22 pm Post subject: |
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Tina has repaid the loan. We now need to go searching for another OTP sponsered micro loan.
| Kiva.org wrote: |
We are very pleased to notify you that the business you have loaned to, Tina's Drinking Spot run by Augustina Ayaah, has repaid the full amount of this loan $800.00. The payment was collected and deposited by Kraban Support Foundation (KSF).
http://www.kiva.org/app.php?page=businesses&action=about&id=5528
The funds from this repayment will be deposited in your Kiva account as
"Available Kiva Credit" in the next 2 to 3 days. At that time, you can
re-lend these funds to a new business, withdraw them into a PayPal
account or you can donate them to Kiva.org's operational expenses. For
further instructions regarding any of these processes, please visit our
help center: http://www.kiva.org/about/help.
Or, to view your Kiva loan portfolio go to: http://www.kiva.org/app.php?page=account.
Best wishes,
Kiva Staff |
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"The greatest victory a man can win is victory over himself."
Johann Heinrich Pestalozzi |
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Captain Chaos
(Formerly Lieutenant Chaos)
Joined: 18 Oct 2007
Posts: 412
Location: Vancouver
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| Posted: Sat Jan 12, 2008 6:28 pm Post subject: |
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Should be another sin loan to keep the theme up.  |
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Hounsy
Reigning King of One-Liners
Joined: 17 Oct 2007
Posts: 1247
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| Posted: Sat Jan 12, 2008 7:39 pm Post subject: |
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Good job, the loan I did a day or two after you guys filled up the drinking spot is only 66% paid back. But it is being paid back.
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It's not you Sundin, it's me...please just leave...and don't look back....please please do not look back. |
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Av-merican
Un-Tenured Professor of Hockey
Joined: 17 Oct 2007
Posts: 1996
Location: Denver
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| Posted: Sun Jan 13, 2008 11:21 pm Post subject: |
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Yup, I agree, if it involves drugs, prostitution, or drinking we should invest. At the very least we know those three industries have a built-in demand!
Seriously if anyone comes up with another viable candidate let me know, I'll do some searching myself when we have the time. |
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Jyrki21
Rebel Sell + Moneyball = Life
Joined: 18 Oct 2007
Posts: 1857
Location: Ottawa, ON
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| Posted: Mon Jan 14, 2008 12:09 am Post subject: |
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Well this is interesting news, there's no one left to fund! 
| Kiva.org wrote: |
Thanks Kiva Lenders!
You've funded EVERY business on the site!!
Our website is experiencing record traffic from recent press we've received, and because generous lenders like you are supporting small business entrepreneurs in the developing world this season of giving.
Please check back again soon. (Press Ctrl-D to bookmark the website.) Kiva Field Partners around the globe are approving new loan applications and posting new businesses on the site each day. We hope that you'll soon find an entrepreneur you'd like to lend to. |
That's amazing success... they should expand to allow a grant program too, so that people can actually donate (rather than lend) sums like $5 to $50 that do go a long way in the developing world, without having intervening organizations. People like Kiva do great work, but no doubt people would be happy to know that 100% of a donation is going to its target (which is also not a charity case, but rather fostering economic activity).
It would be cool if we could find a mailing address for Tina and send her some OTP memorabilia. Of course, knowing postal systems pretty much everywhere in Africa, she'd only get an empty envelope, but still...
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E.L.3000
Big in Japan
Joined: 18 Oct 2007
Posts: 1578
Location: MTL Police: stay out ma bizness
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| Posted: Mon Jan 14, 2008 12:25 am Post subject: |
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That's crazy, every freakin' business! I've got a couple of three-year old ponies that could use a microfinancing loan, if anyone wants to hit Saratoga next weekend?
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John McCain is fit as a fiddle… Is 71 the new 30?” - Fox News' Rich Lowry
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Bosc Ulrich II
OTP Resident Historian
Joined: 18 Oct 2007
Posts: 3222
Location: Sweetest lid in the league
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| Posted: Mon Jan 14, 2008 9:56 am Post subject: |
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| Jyrki21 wrote: |
That's amazing success... they should expand to allow a grant program too, so that people can actually donate (rather than lend) sums like $5 to $50 that do go a long way in the developing world, without having intervening organizations. People like Kiva do great work, but no doubt people would be happy to know that 100% of a donation is going to its target (which is also not a charity case, but rather fostering economic activity).
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In the email that I received, they do say that you can donate your money to Kiva.
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Bring back the old OTP!
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harmfuljays
King of Men
Joined: 18 Oct 2007
Posts: 1273
Location: Djibouti
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| Posted: Mon Jan 14, 2008 10:29 am Post subject: |
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I had no idea that this was 100% repaid. Excellent that means I have some money back to reinvest.
Yeah...sorry I won't be donating to Kiva's operating expenses.
Maybe another site is in order? Didn't RW bring this up last time?
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-UP THE IRONS! |
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Jyrki21
Rebel Sell + Moneyball = Life
Joined: 18 Oct 2007
Posts: 1857
Location: Ottawa, ON
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| Posted: Mon Jan 14, 2008 12:54 pm Post subject: |
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| Bosc Ulrich II wrote: |
| In the email that I received, they do say that you can donate your money to Kiva. |
Which is 0% going to the entrepreneurs. I'm talking about actual grants in the same fashion we currently make loans. Micro-grants directly to the businesses, for those who don't feel the need to recoup their loans.
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Bosc Ulrich II
OTP Resident Historian
Joined: 18 Oct 2007
Posts: 3222
Location: Sweetest lid in the league
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| Posted: Mon Jan 14, 2008 1:11 pm Post subject: |
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| Jyrki21 wrote: |
| Bosc Ulrich II wrote: |
| In the email that I received, they do say that you can donate your money to Kiva. |
Which is 0% going to the entrepreneurs. I'm talking about actual grants in the same fashion we currently make loans. Micro-grants directly to the businesses, for those who don't feel the need to recoup their loans. |
Ahh, ok.
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Bring back the old OTP!
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hammer
2 Legit 2 Quit
Joined: 18 Oct 2007
Posts: 209
Location: Frisco
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| Posted: Mon Jan 14, 2008 2:41 pm Post subject: |
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I made 5 loans all around the time of the Tina's loan and 3 have been fully paid back and the other two are 50% and 67% paid.
I'm down for the next OTP investment for sure. I did a quick search and found nothing that matched any of the following terms: liquor, bar, beer, alcohol.
For making donations this site is very cool - www.globalgiving.com. You are donating to projects though, not entrepreneurs. |
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Jyrki21
Rebel Sell + Moneyball = Life
Joined: 18 Oct 2007
Posts: 1857
Location: Ottawa, ON
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| Posted: Mon Jan 14, 2008 3:40 pm Post subject: |
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| hammer wrote: |
| I'm down for the next OTP investment for sure. I did a quick search and found nothing that matched any of the following terms: liquor, bar, beer, alcohol. |
See above -- you'll find zero no matter what you search, as they're all tapped out!
Microcredit is really remarkable.
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Bosc Ulrich II
OTP Resident Historian
Joined: 18 Oct 2007
Posts: 3222
Location: Sweetest lid in the league
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| Posted: Mon Jan 14, 2008 3:46 pm Post subject: |
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| Jyrki21 wrote: |
| hammer wrote: |
| I'm down for the next OTP investment for sure. I did a quick search and found nothing that matched any of the following terms: liquor, bar, beer, alcohol. |
See above -- you'll find zero no matter what you search, as they're all tapped out!
Microcredit is really remarkable. |
I just looked and there's 36 businesses that need lending. I wonder if they're going up and getting filled really quickly?
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Bring back the old OTP!
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