Now the first payments by borrowers took place. Lenders are notified by Babyloan via email. Sample email:
The entrepreneur Suman has reimbursed 373,00 € to the MFI and has 2987,00 € to reimburse. You will receive an email for each reimbursement. After the last reimbursement, you can either reinvest this money or have it transferred to your bank account.
Kiva has just added the first video to one of the borrower’s profiles. A video conveys much more information about the business of the borrower. And by posting the videos on Youtube, Kiva achives viral marketing effects.
I do wonder why they did post such a short video (5 seconds) as example – bandwidth considerations?
MTN Uganda, a telecommunication company with 3.5 million customers, will invest 250,000 US$ to fund loans to small and medium scale enterprises via MyC4.
“This is a great opportunity for us to champion the notion of an African Company helping fellow Africans instead of the common perception that Aid should always come from “Abroad”” said Mr. Van Veen during the announcement and launch of the partnership at the Sheraton Kampala Hotel. The capital investment guidelines require that MTN’s loan contribution must constitute a minimum of 33 percent of the total loan required. Under the agreement, $50,000 would be invested immediately in a six months pilot phase which is expected to shed light on how best to administer the funding. “The learning after the pilot phase will guide us on how to manage the capital repayments and their re-investment over the three year period”.
When analysing numbers on p2p lending activity, users can rely on independent third party sites gathering statistics for many p2p lending services. These services either obtain the raw data via an interface provided by the service or they do parse the web pages of the service to collect the data.
Most of the statistic sites offer reports and tools to analyse and graph the overall development of the marketplace as well as the status of an individual lender’s investments.
The majority of the users are lenders, as the borrower usually needs the information only once – before applying for a loan – to determine what interest rate is appropriate.
Feel free to copy this list, but please do set a link citing this page as source. If you know another social lending / p2p lending stats site, please let me know.
Long term readers may remember that the Wiseclerk.com domain initially started as a report site on Prosper.com. It was in fact together with Savagenumber.com the first service of this kind.
The video was made by Kiva fellow (volunteer) Kieran Ball, who worked for Kiva in Cambodia. It explains the transfer of the money for a Kiva loan from a lender in London to a borrower in Cambodia.
This is a great example how many people can be reached over the internet with a well made video in a short time. Online since only 8 days the video has been watched over 32,000 times and was embedded in many websites (at least 50).
Just a short heads up: Kivaplans a developer program allowing 3rd party applications to use data from the Kiva (lender) pages.
We’ve been working hard over the past few months to create a developer program at Kiva. This will be a place online where software engineers can get creative with Kiva and build applications that use Kiva in new ways. Perhaps someone will build a spiffy new tool to help you make a loan on your iPhone, or a text messaging service that notifies you when loans from your favorite country are available. A Facebook application that helps you keep up with new journals from your loans and share them with friends would be handy too.
