Re:Kiva.org takes on world poverty with its peer-to-peer mic...
by fauigerzigerk on Saturday October 27, 2007 @05:46AM
(#73133)
I gather that the recovery rate of microfinance institutions is quite high. Grameen bank says they recover 98 %. So that means I'm going to lose 2 % on defaults + 2 % inflation + 4 % opportunity cost (what I get for short term funds). So I would do it for 8 % interest or consider it a donation.
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