Quote:
Originally Posted by topwaystosave
I think Kiva.org is a unique way to give. You make small loans to people in third world countries who would other wise would have a hard time raising capital or no way at all. They repay the loan at zero percent interest, but you do usually get your money back. It can really make a difference in their lifes and really all you do is lose a few months on interest. Definitely worth checking out.
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%0 interest ?
Are you sure about that.
I suggest you to calculate how many months they will pay and how much they will pay each month.
There is an interest rate around %15 a year or two
And also sometimes they say pay back in 20 months but you can only see 18 months payment terms
When you calculate those 18 months its without interest but where are the those 2 months?
I hope there isnt anything fishy about it