Comments on: Controversy about Kiva’s P2P Microlending model https://blog.p2pfoundation.net/controversy-about-kivas-p2p-microlending-model/2009/10/21 Researching, documenting and promoting peer to peer practices Fri, 23 Oct 2009 06:48:59 +0000 hourly 1 https://wordpress.org/?v=5.5.15 By: Alain Hemelinckx https://blog.p2pfoundation.net/controversy-about-kivas-p2p-microlending-model/2009/10/21/comment-page-1#comment-419036 Fri, 23 Oct 2009 06:48:59 +0000 http://blog.p2pfoundation.net/?p=5434#comment-419036 for your information… the contribution of BUBEBA association ( build a better bank ) to the upcoming European directive on responsible lending.
http://alainhemelinckx.typepad.com/files/responsible-lending-consultation-v4.doc

Alain

]]> By: Alain Hemelinckx https://blog.p2pfoundation.net/controversy-about-kivas-p2p-microlending-model/2009/10/21/comment-page-1#comment-419035 Fri, 23 Oct 2009 06:47:06 +0000 http://blog.p2pfoundation.net/?p=5434#comment-419035 oups.. well continuing my email …

always helping people”. So the social impact of any MF should be measured and monitored.
kind regards
Alain

]]> By: Alain Hemelinckx https://blog.p2pfoundation.net/controversy-about-kivas-p2p-microlending-model/2009/10/21/comment-page-1#comment-419034 Fri, 23 Oct 2009 06:44:08 +0000 http://blog.p2pfoundation.net/?p=5434#comment-419034 the main issue with kiva and micro-finance in general is non transparency… it ends out as micro finance being just a small ticket consumer loan business where no max/ceiling debet rate is applied ( ie today the average interest rate cherged to “customers” is 31%… and when people can not pay their loan back , some MF institutions are consolidating the debts with a new loan.. and when this new loan will not be paid back, then customers will get a new and bigger loan to pay back the 2 loans… Does it not strike you ?… If we don’t pay attention MF is likely to become a consumer loan business with the benefits for big banks that they don’t have to deal with any complicated legal framework ( barely none in some countries ).

what we need for the consumer loan business and micro finance is transparency and ethics… Ethics does not mean fr a bank to work for nothing. Ethics for MF who sound like the following baseline ” we’re helping people, with a profit when we can, but

]]>