Last Chance To Register for KivaDo2 in San Francisco

In case you missed it, KivaDo 2 is happening in San Francisco in just a couple of weeks.  Before I get into the details of that event, here are a few details about Kiva…Kiva is a micro-lending organization that connects folks around the world that need a loan for their business expansion, education, etc. with people who are willing to make those loan, often at $25 increments.  That is a very simplified explanation, but essentially the overall goal of Kiva is to help alleviate poverty via lending one small loan at a time.  Milepoint has been very active with supporting Kiva, and there is a Milepoint Kiva Lending Team that has loaned $6,000,000 and has close to 2,000 members.  Kiva has a 98.96% repayment rate, and you can make your loans via a credit card (more loans, more miles!).  Some cards, like the US Bank FlexPerks card, even earn bonus miles for the loans since Kiva comes up as a “charity”.

KivaDo2

KivaDo2 will be held October 25 – 27, 2013 in San Francisco (not coincidentally right after Star MegaDo5 that ends in the same city).  The registration is open through October 6th and the cost is $99.  That cost covers three days of events with the front line leaders of Kiva, from Matt who founded Kiva, to Premal, the President, to getting to hang out with other awesome members of the Milepoint Kiva Lending Team.  As an added bonus, the conference room will look out onto SFO runways 28R and 28L!

You can look at the full schedule here and register here.  There is a $139/night rate available at the Marriott Waterfront SFO Airport Hotel for attendees.  Sadly, I’m not going to be able to make the event this time, but this site is a sponsor of KivaDo, and I hope some of you are able to attend!

KivaDo2

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  1. Any charity/non-profit org that rewards donors with miles or money is not an organization to be trusted. This is all a shady company that has no transparency processes in place and nobody can be sure whether the money is used to fund needy people or some slumlord in third world countries.
    It is as shady as that Wounded Warrior project charity. Google “Kiva Scam” just in case.

    Miles are not free so the old saying. If it is too good to be true….

  2. Thanks for being a sponsor for the KivaDO2! Sorry you won’t be there – you will be missed!

  3. Thanks Mommy Points!

    @ jason

    A couple of points of clarification on your post.

    Kiva does not award points for your loans, it is via your credit card, just like any other purchase you make on a cc that gives miles or points. Mommy Points also posted that US Bank FlexPerks offers bonus miles as your loans on Kiva are considered payment to a charity.

    As to your comment re: Kiva not being a charity, it has been criticized in the past, but has addressed those concerns diligently. Their impact is in 72 countries around the world, helping entrepreneurs all over with almost $500M in loans. Kiva has also received a top ranking score by Charity Navigator.

  4. Jason, no organization is perfect I am sure, but I think the majority of your statements are inaccurate. Just as an example, Kiva doesn’t award miles for loans directly. It is simply that you are earning miles via your credit cards because you can fund loans via rewards earning credit cards. I’m sure if you google “frequent flyer program scams” you will find folks who think that the whole miles and points world is a scam. Again, I doubt Kiva is perfect, but I think they have a lot of good folks who do a lot of good around the world
    IDGflygirl, happy to sponsor and sad I can’t be a part of it this year (too long away from home on the heels of SMD5). Hopefully next time!

  5. OK I got the miles statement now so I stand corrected though MM said “more loans, more miles!”. That got me confused.

    I have never donated and doubt that I will ever donate to Kiva. Too many bad reviews and accusation that funds do not go directly to the donor but to some “community fund” that distributes the money. I have lived in thirld world countries and know that corruption has no limits.

    I use my charity funds to sponsor needy children at St Jude, and indeed I get points for my donation via CC but that is between me and the CC. Like Kiva donations.

  6. I just googled “kiva scam” and got 103,000 hits, many of which were discussions on how to counter this misinformation.

    I also googled “elvis sighting” and got 372,000 hits.

    Bottom line, you can find whetever you want to find on the Internet, regardless how disreputable the source.

    Kiva loans do indeed go to the borrower in question. The way it works is that lenders refinance $25 slices of an existing loan and assume the risk associated with the loan. There is not a “community fund” but a local field partner microfinance organization. These organizations are rated by the MIX market, and Kiva provides links to these ratings. With Kiva you can choose which client you will lend to, and you can do your own due diligence on the field partner. As Mommypoints says, no organization is perfect, but sometimes the perfect gets in the way of the good.

    And these are loans, not donations. In the vast majority of cases, the client repays the loan and the money returns to the lender to lend again.

    I hope you check out Kiva a little more in depth rather than relying on misguided and uninformed criticisms.