Results 1 to 20 of 20
Like Tree55Likes
  • 16 Post By Andy
  • 1 Post By Javaphile
  • 1 Post By 338
  • 1 Post By Lukemc
  • 5 Post By GrahamK
  • 1 Post By Andy
  • 1 Post By matth3wh
  • 2 Post By Javaphile
  • 2 Post By Andy
  • 2 Post By Mb21
  • 4 Post By Andy
  • 2 Post By revengeofthebean
  • 3 Post By oliverm
  • 5 Post By Andy
  • 4 Post By glennmack
  • 4 Post By Andy
  • 1 Post By Javaphile

Thread: Kiva - Loans at coffee origin.

  1. #1
    CoffeeSnobs Owner Andy's Avatar
    Join Date
    Mar 2004
    Location
    Internet
    Posts
    15,479
    Blog Entries
    1

    Kiva - Loans at coffee origin.

    Many CS'rs would have heard of Kiva and we have had discussions about their model over the past 10 years but never got started, well that has just changed.

    For those that don't know Kiva it's a clever way to crowd source funds for microfinance loans. The lenders are mostly "field partners" on the ground who are in rural and regional areas and understand the need and the risks. Typically these borrowers don't go close to meeting lending criteria of the traditional banks but about 95% of the people who have borrowed money do pay it back. They just need a loan to get going.

    When borrowers repay their loans the payments come back into the Kiva account and we can loan the same money again to someone else.

    We have decided that FairCrack can fund some loans at coffee origin. This should have a multiplier effect of the FairCrack goodness over time which will in turn reach many more people.

    We have just created an account and a "lending team" on Kiva so you can join the team to follow the progress of the projects. The specific loans that are provided via FairCrack will also appear in the FairCrack page (converted to AU$) along with a link to Kiva details.


    Team CoffeeSnobs FairCrack:
    https://www.kiva.org/team/coffeesnobs_faircrack

    The first couple of FairCrack Kiva loans have just been made.

    1: Hillary a coffee grower from Kantozi Kitagwenda in Uganda was loaned US$275 to purchase coffee from other local farmers for resale.


    2: Sheila from Tilya Women Group was loaned US$450 to purchase coffee seedlings to expand their crop in Eldma Ravine - Kenya



    Join the CoffeeSnobs FairCrack team and search for loans that will help people at coffee origin. If you want to suggest a particular loan then please post the link in this thread and we will have a look at it. Obviously not everything will be fully funded but we think that even with part funding many people could be helped to help themselves via FairCrack Kiva loans.

  2. #2
    Super Moderator Javaphile's Avatar
    Join Date
    Dec 2004
    Location
    Earth!
    Posts
    14,195
    Another awesome FairCrack project! I see a huge potential for some great give back here.


    Java "Loan on!" phile
    lakeman likes this.
    Toys! I must have new toys!!!

  3. #3
    338
    338 is online now
    Senior Member
    Join Date
    Mar 2017
    Location
    Sydney
    Posts
    208
    Great initiative!
    lakeman likes this.

  4. #4
    Senior Member Lukemc's Avatar
    Join Date
    Oct 2012
    Location
    MILLBROOK VIC
    Posts
    557
    Joined. Great idea Andy
    lakeman likes this.

  5. #5
    Senior Member GrahamK's Avatar
    Join Date
    Jun 2009
    Location
    Ormiston - Brisbane
    Posts
    518
    I to have been providing Kiva loans to coffee farmers in Nicaragua for a few years now - works well, and after repayment I loan I out again. Small admin/processing fee each time only needed.

    GrahamK
    Andy, lakeman, matth3wh and 2 others like this.

  6. #6
    CoffeeSnobs Owner Andy's Avatar
    Join Date
    Mar 2004
    Location
    Internet
    Posts
    15,479
    Blog Entries
    1
    Nice one GrahamK, good on ya. We were a little slow to the party but we got there eventually.

    When I first looked at Kiva they were pimping it via MySpace and looked like they wouldn't see the year out. It was a very different looking organisation way back then. It's good to see how well they have adapted and evolved over time into a sustainable model with feedback in all directions.
    lakeman likes this.

  7. #7
    Senior Member matth3wh's Avatar
    Join Date
    Jul 2009
    Location
    Mid North Coast NSW
    Posts
    765
    Kiva do excellent stuff. Will be interested to check out the link further tomorrow.
    lakeman likes this.

  8. #8
    Super Moderator Javaphile's Avatar
    Join Date
    Dec 2004
    Location
    Earth!
    Posts
    14,195
    I've been looking through the loans relating to coffee and this one jumped out at me. A young man just really starting his independent life who is getting into the coffee growing business. Below market interest and he must be doing something right as the local group considers him to be a relatively low risk. I'll toss it out there as a loan to consider making.

    https://www.kiva.org/lend/1284831


    Java "Go Delmer!" phile
    lakeman and matth3wh like this.
    Toys! I must have new toys!!!

  9. #9
    CoffeeSnobs Owner Andy's Avatar
    Join Date
    Mar 2004
    Location
    Internet
    Posts
    15,479
    Blog Entries
    1
    Good find Java.

    I think some of those "end of term repayment" loans might struggle to get funded but for farmers working their crop they only get paid at the end of season so end of term is a necessity... and something traditional banks would most likely baulk at too.

    FairCrack to the rescue!
    lakeman and matth3wh like this.

  10. #10
    Senior Member
    Join Date
    Oct 2016
    Location
    Central Coast NSW
    Posts
    121
    I'm impressed! Never heard of it but think it's a great thing to be part of. It would be pretty awesome to loan someone the funds to get started them have there beans in beanbay to buy
    Andy and lakeman like this.

  11. #11
    Senior Member matth3wh's Avatar
    Join Date
    Jul 2009
    Location
    Mid North Coast NSW
    Posts
    765
    Having a look through... any thoughts/suggestions as all the one's listed above are fully funded.

    * https://www.kiva.org/lend/1291725 - Nic - crop maintenance
    * https://www.kiva.org/lend/1280372 - Guat - ag supplies, crop maintenance and labour
    * https://www.kiva.org/lend/1286025 - https://www.kiva.org/lend/1284979 - https://www.kiva.org/lend/1286026 - https://www.kiva.org/lend/1281096 - Honduras farm improvements / yield improvements

  12. #12
    CoffeeSnobs Owner Andy's Avatar
    Join Date
    Mar 2004
    Location
    Internet
    Posts
    15,479
    Blog Entries
    1
    Quote Originally Posted by matth3wh View Post
    ...as all the one's listed above are fully funded.
    Yeah, that's because FairCrack funded them!

    https://www.kiva.org/lend/1291725 Funded Andres in Nicaragua
    https://www.kiva.org/lend/1280372 Funded Antonio in Guatemala
    https://www.kiva.org/lend/1286025 Funded Santos in Honduras
    https://www.kiva.org/lend/1284979 Funded Isauro in Honduras
    https://www.kiva.org/lend/1286026 Funded Juan in Honduras
    https://www.kiva.org/lend/1281096 Funded Jose in Honduras

    May their coffee trees grow tall, healthy and happy!
    (I'll update the FairCrack page over the weekend)

  13. #13
    Junior Member
    Join Date
    Jan 2010
    Posts
    9
    Fantastic. I've been a Kiva lender for 10 years after i got a gift certificate. I've relent that money and more 40 times.
    Andy and matth3wh like this.

  14. #14
    Member
    Join Date
    Aug 2012
    Location
    Margaret River
    Posts
    67
    Just joined and supported a few coffee projects. Kiva seems like a great concept and it is nice to see Andy leading the way and encouraging us to help too.
    Do people think it is better to try to spread the loans (say 4 x $50) or just one loan to increase that particular loans chance of getting fully funded?
    These are the loans I chose.
    G.s. Amor Y Paz 2 Group
    Grupo Los Caballeros De Tzamjuyup…
    Juan Felipe
    José Angel
    Andy, level3ninja and 338 like this.

  15. #15
    CoffeeSnobs Owner Andy's Avatar
    Join Date
    Mar 2004
    Location
    Internet
    Posts
    15,479
    Blog Entries
    1
    Quote Originally Posted by johnandcass View Post
    Do people think it is better to try to spread the loans (say 4 x $50) or just one loan to increase that particular loans chance of getting fully funded?
    I have had the same thoughts but don't really know the answer.

    The 4 projects you have found are all fully funded so I guess it doesn't matter too much, it appears most good projects get full funding before they expire. The other thing to realise is many of these projects are already funded by the lenders on the ground who have taken the funding from their existing pool and rolled it over when the Kiva page is posted. Funding a project can also give a lender back their pool to it lend again.

    Below are the projects that FairCrack funded this month...



    $275
    Juan Nicaragua
    to buy supplies to increase his coffee production
    https://www.kiva.org/lend/1314539


    $600
    Maria Honduras
    to buy fertilizers for her coffee
    https://www.kiva.org/lend/1319835


    $525
    Otoniel Nicaragua
    supplies for his coffee plantation
    https://www.kiva.org/lend/1314546


    $500
    Rafael Honduras
    to buy fertilisers and to pay labour costs to help with his coffee farm
    https://www.kiva.org/lend/1307939


    $875
    Jose Honduras
    fertilisers and pay for the cleaning of his coffee crops.
    https://www.kiva.org/lend/1317155


    $1000
    Jose El Salvador
    to buy insecticides, foliar, and to pay young men to help him plant coffee in a short amount of time.
    https://www.kiva.org/lend/1319001


    $1450
    Willian El Salvador
    to buy a small mill to grind coffee, so can continue earning income to fund his children's education.
    https://www.kiva.org/lend/1313724


    $1225
    Lorenzo Guatemala
    to buy a 'cuerda' [almost an acre] of land to cultivate.
    https://www.kiva.org/lend/1313783


    $575
    Moses Uganda
    to buy farm inputs like manure and seedlings and coffee to sell.
    https://www.kiva.org/lend/1314082


    $1275
    Santiago Honduras
    to seed, fertilise and expand their coffee crops.
    https://www.kiva.org/lend/1317263

    Dollar donation amounts above are USD and a total of US$8300, I have put straight conversion to AUD numbers in the FairCrack stats but will need to update those to include the end of month fees we will get on the dollar conversion (not too bad as PayPal wear their own fees for Kiva projects and we only get some bank exchange fees added)


    Well done CoffeeSnobs everywhere!

    Dimal, Javaphile, matth3wh and 2 others like this.

  16. #16
    Junior Member
    Join Date
    Nov 2010
    Posts
    1
    Hi
    Joined the team on Kiva,
    Just made 3 loans to coffee growers in Vietnam and Peru
    Andy, Javaphile, matth3wh and 1 others like this.

  17. #17
    Super Moderator Javaphile's Avatar
    Join Date
    Dec 2004
    Location
    Earth!
    Posts
    14,195
    With only 4 days left until closing here's a loan that looks like a good candidate: https://www.kiva.org/lend/1343582

    Relatively low risk rating. Small amount to fully fund ($225). Monthly repayment schedule.


    Java "Good luck Deus!" phile
    Toys! I must have new toys!!!

  18. #18
    Super Moderator Javaphile's Avatar
    Join Date
    Dec 2004
    Location
    Earth!
    Posts
    14,195
    Another one in the same region that looks to be a good candidate: https://www.kiva.org/lend/1356785

    Relatively low risk rating. Small amount to fully fund ($500). Monthly repayment schedule. Has a side job (Taxi driver.) to help repay.


    Java "Good luck Edward!" phile
    Toys! I must have new toys!!!

  19. #19
    CoffeeSnobs Owner Andy's Avatar
    Join Date
    Mar 2004
    Location
    Internet
    Posts
    15,479
    Blog Entries
    1
    Both have been funded by FairCrack.

    Edward is the first person to get "second hand" money from the Kiva account. We had other repayments totalling enough to pay his whole loan so the Kiva cycle is starting to work well.
    Dimal, Javaphile, matth3wh and 1 others like this.

  20. #20
    Super Moderator Javaphile's Avatar
    Join Date
    Dec 2004
    Location
    Earth!
    Posts
    14,195
    WooHoo! Good to hear the money is already starting to recycle through!


    Java "Paybacks rock!" phile
    matth3wh likes this.
    Toys! I must have new toys!!!

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •