Team Kiva: PhatWallet (formerly known as FatWallet)

  • Team FatWallet on Kiva has changed it’s name to PhatWallet and is looking for new members (lenders)!
    Link: Kiva Team PhatWallet (since 2008!)

    I personally have made 59 loans, only one of those defaulted.

    About Kiva:
    Kiva is an international nonprofit, founded in 2005 and based in San Francisco, with a mission to connect people through lending to alleviate poverty. We celebrate and support people looking to create a better future for themselves, their families and their communities.

    By lending as little as $25 on Kiva, anyone can help a borrower start or grow a business, go to school, access clean energy or realize their potential. For some, it’s a matter of survival, for others it’s the fuel for a life-long ambition.

    100% of every dollar you lend on Kiva goes to funding loans. Kiva covers costs primarily through optional donations, as well as through support from grants and sponsors.

    Join Kiva, loan money to others in need, get your money back (99% of the time) and re-loan it, or transfer it back yourself.

  • Global Moderator

    @mom2jel Is there the potential to make money or is this solely charity?

  • @jtownsucks46 said in Team Kiva: PhatWallet (formerly known as FatWallet):

    @mom2jel Is there the potential to make money or is this solely charity?

    Charity only - BUT, you can get all of your $ back (if you wish) if the loans aren’t defaulted.

    I originally put in $100 and made four loans; when the money was paid back, I kept re-loaning (and donate a small amount each time to offset the Kiva costs). That $100 helped 59 people!


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