Quote:
Originally Posted by lovelyivy84
That's unfortunate, but not too surprising. Kiva has a good reputation, although they have had a little trouble recently for not being 100% open about their loan policies. I was afraid it would sink them, but the bad publicity appears to have not been as bad as feared.
The microlending org I like is Grameen, unfortunately they don't do any real fundraising anymore (they did make a start two years ago, but due to some turmoil and turnover didn't really continue). Yunnus is the man, lol.
ETA: The Grameen foundation does raise funds, but not like Kiva does. Completely different structure- I wish they did do that at Grameen!
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Yeah honestly Kiva's process doesn't bother me, I think it bugs some people that "their money" isn't going to the recipients, but instead reimbursing/guaranteeing the partner company. The effect is the same either way and this gets money to people faster.
I'll have to look into Grameen
