Fallond Stock Picks: New KIVA loans
A financial blog I follow uses membership and ad revenue to fund Kiva microfinance loans, which is pretty cool. Currently the site is funding 88 people on Kiva. As a Kiva lender myself, it’s a really compelling project. But this made my (snowy) day:
It should be noted I have experienced only 4 defaults (4.24%) which is above the average of 2.85% but I still think is real good considering - especially when you compare it to first world defaults on subprime loans….
First world rue FTW!