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Category: Community
Forum: Teams
Thread:  Join "MyOnlineTeam" Today - Chapter 44 |
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Thread Status: Active Total posts in this thread: 469
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
G'day gang.
Things are doing well for us here, although having some rather chilly nights now (1-3 deg C, although most of yous are used to well below that I presume!). I'm now on to my last semester of university, nearly finished! The previous semester didn't go to plan, but I passed everything which is fine by me! Dave Bell, I remember you mentioning Kiva before and it caught my eye then. It's nearly tax return time, and I'm thinking of now sparing some for it. Would you please be able to give me an idea on your experience with it? Cheers. |
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keithhenry
Ace Cruncher Senile old farts of the world ....uh.....uh..... nevermind Joined: Nov 18, 2004 Post Count: 18667 Status: Offline Project Badges: 
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G'day gang. Things are doing well for us here, although having some rather chilly nights now (1-3 deg C, although most of yous are used to well below that I presume!). I'm now on to my last semester of university, nearly finished! The previous semester didn't go to plan, but I passed everything which is fine by me! Dave Bell, I remember you mentioning Kiva before and it caught my eye then. It's nearly tax return time, and I'm thinking of now sparing some for it. Would you please be able to give me an idea on your experience with it? Cheers. Gonna beat Dave to the punch on this one.  I'm hooked on it! It's a great organization and you see where your money goes and to whom since you choose them. As you're lending money, there's no tax deduction (at least here in the US) for that but KIVA itself is a non-profit here so anything I donate to them is a deduction. When you make a loan, they give you the chance to support them but you don't have to and that's fine. They send the money to the lending partner (MFI) who gets it to the person or group and collects the repayments. As you get repayments back, you can turn around and lend it out again. You can focus on specific parts of the world if you want, pretty much lend howevere you want. When you start, look at the data on the MFI handling a given loan. The best ones have hardly any or no defaults or delinquencies. KIVA appears to have pretty strict standards for their MFI partners. They keep a good eye on them and the MFI has to correct any problems they find or KIVA will drop them. I've seen very little of that actually happening though. Out of the 100+ loans I've made, I've had one default (for less than 20 dollars) because a worker at the MFI stole the money from the repayments (KIVA dropped that MFI). There's always some risk since it can be hard for someone to make repayments if a civil war breaks out or such. It's a great way to get some really big benefits from your money, even if there's no tax benefit. |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
Thanks for that Keith.
It looks and sounds very promising. Seems like an awesome way to watch the donations actually do something - the small businesses actually grow, as well as lives and communities change. I can see how it can become addictive. I suspect I'm about to be their newest recruit.. |
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Dataman
Ace Cruncher Joined: Nov 16, 2004 Post Count: 4865 Status: Offline Project Badges: 
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I suspect I'm about to be their newest recruit.. I beat you to it.  Don't forget to join the MOT team.  |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
G'day gang. Things are doing well for us here, although having some rather chilly nights now (1-3 deg C, although most of yous are used to well below that I presume!). I'm now on to my last semester of university, nearly finished! The previous semester didn't go to plan, but I passed everything which is fine by me! Dave Bell, I remember you mentioning Kiva before and it caught my eye then. It's nearly tax return time, and I'm thinking of now sparing some for it. Would you please be able to give me an idea on your experience with it? Cheers. Good luck with school, buddy. I just graduated this year, so I sympathize with the stress of academic life. |
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keithhenry
Ace Cruncher Senile old farts of the world ....uh.....uh..... nevermind Joined: Nov 18, 2004 Post Count: 18667 Status: Offline Project Badges:
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Thanks for that Keith. It looks and sounds very promising. Seems like an awesome way to watch the donations actually do something - the small businesses actually grow, as well as lives and communities change. I can see how it can become addictive. I suspect I'm about to be their newest recruit.. Donations is a good way to look at it. There is a way to get your money back once it's repaid but I've never done that. I just lend the repayments back out. |
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keithhenry
Ace Cruncher Senile old farts of the world ....uh.....uh..... nevermind Joined: Nov 18, 2004 Post Count: 18667 Status: Offline Project Badges:
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Whoops! I missed a milestone yesterday. MOT passed the 100,000,000 BOINC credit mark across all our projects yesterday. It looks like WCG's share of that will pass 50,000,000 on Sunday.
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keithhenry
Ace Cruncher Senile old farts of the world ....uh.....uh..... nevermind Joined: Nov 18, 2004 Post Count: 18667 Status: Offline Project Badges:
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MyOnlineTeam Daily Statistics for 07/02 - All Members:
----------------------------------------Team rank movement report =========================
Points milestones report ======================== No points milestones found.  Runtime milestones report ========================= No runtime milestones found. Results returned milestones report ================================== Jockin returned their 3,000th result  Airwolf_Liu returned their 3,400th result Bon Kuhlman returned their 1,400th result New members report ================== No new members found. Retired members report ====================== No new retired members found. For the week as a team: Statistics Total Run Time Points Results Team Records: Results Returned: 12/19/2007 2,522 Points: 06/14/2010 661,296 Runtime: 01/25/2006 1:123:00:53:34 Good crunching folks!!!!! |
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keithhenry
Ace Cruncher Senile old farts of the world ....uh.....uh..... nevermind Joined: Nov 18, 2004 Post Count: 18667 Status: Offline Project Badges:
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MyOnlineTeam Daily Statistics for 07/02 - Active Members
----------------------------------------Active team members report ==========================
Note: Active members are those who earned points in the prior 30 days. Top Twenty active members returning points today: 01: RT - 104,096 points 02: judson Somerville MD - 70,945 points 03: Dataman - 61,787 points 04: marysduby - 54,433 points 05: Coingames - 51,806 points 06: NiceMedTexMD - 39,281 points 07: brown chris - 21,979 points 08: parmesian - 19,386 points 09: xroule - 17,040 points 10: keithhenry - 15,411 points 11: Dave Bell - 13,797 points 12: Bravehart - 13,404 points 13: Blueprint - 11,987 points 14: Rulkethecharon - 10,764 points 15: darth_vader - 9,488 points 16: Vuj - 8,484 points 17: sulcata - 6,499 points 18: AnalogMonologue - 6,003 points 19: Esteban69 - 5,898 points 20: Jonathan Figdor - 4,710 points Total points returned today: 590,164 Active members returning points today: 43 Average points per member active today: 13,724.7442 |
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Former Member
Cruncher Joined: May 22, 2018 Post Count: 0 Status: Offline |
G'day gang. Things are doing well for us here, although having some rather chilly nights now (1-3 deg C, although most of yous are used to well below that I presume!). I'm now on to my last semester of university, nearly finished! The previous semester didn't go to plan, but I passed everything which is fine by me! Dave Bell, I remember you mentioning Kiva before and it caught my eye then. It's nearly tax return time, and I'm thinking of now sparing some for it. Would you please be able to give me an idea on your experience with it? Cheers. Gonna beat Dave to the punch on this one. I'm hooked on it! It's a great organization and you see where your money goes and to whom since you choose them. As you're lending money, there's no tax deduction (at least here in the US) for that but KIVA itself is a non-profit here so anything I donate to them is a deduction. When you make a loan, they give you the chance to support them but you don't have to and that's fine. They send the money to the lending partner (MFI) who gets it to the person or group and collects the repayments. As you get repayments back, you can turn around and lend it out again. You can focus on specific parts of the world if you want, pretty much lend howevere you want. When you start, look at the data on the MFI handling a given loan. The best ones have hardly any or no defaults or delinquencies. KIVA appears to have pretty strict standards for their MFI partners. They keep a good eye on them and the MFI has to correct any problems they find or KIVA will drop them. I've seen very little of that actually happening though. Out of the 100+ loans I've made, I've had one default (for less than 20 dollars) because a worker at the MFI stole the money from the repayments (KIVA dropped that MFI). There's always some risk since it can be hard for someone to make repayments if a civil war breaks out or such. It's a great way to get some really big benefits from your money, even if there's no tax benefit.Thanks Keith. That was much more information than I would probably been able to provide. I do enjoy participating just because I can get information about who is going to get the loan and what they want for. |
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