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We loan because...
We want our loans to have the maximum possible impact. We favor loans at least a portion of which will be used to buy an income-producing durable asset. We tend to believe that the first priority is to secure on-going reliable income, because it makes other good things possible.

For our purposes, an "income-producing durable asset" is defined as any asset that will continue to generate income for a long time after the loan that was used to purchase it has been paid off. This description would not be used to describe a loan only for materials consumed during production. For example, the Income-Producing Durable Asset description would be used for a sewing machine, but not for cloth and thread. Dairy cattle, beehives, fruit trees, nut trees, etc., would qualify, because they continue to produce income year after year, but seeds and fertilizer for one year would not qualify. The use of the item, not the item itself, would determine whether the Income-producing Durable Asset description is appropriate. Computers would qualify, if they are to be used directly to generate income, for example by running computer games in an entertainment center. A blender would qualify if it would be used to make juices for sale. However, the Income-Producing Durable Asset description would not be appropriate for either of these items if they were bought for personal use.

About us
This team was formed to facilitate communication between lenders who prefer to make loans to buy income-producing durable assets. It is not expected that team members would make loans for this team-- teammates are welcome to find loans using this team, and still credit their favorite team elsewhere when they make the loan.

Longer-Range Team Objectives:
1. Gauge how many lenders are interested in this type of loan. Membership in the team indicates this interest, so please join if you think that these loans are a good idea.
2. Endeavor to get an “Income-Producing Durable Asset” tag created by Kiva. The creation of this tag has already been requested.
3. Lobby Kiva, if it should become appropriate, to create an “Income-Producing Durable Asset” loan attribute. Two mouse clicks would create a list of the loans that we want.

Team members use our site to post the Income-Producing Durable Asset loans that they find. They will also tag the loans, assuming that the requested tag has been created.

Location: Worldwide      

 

Latest Messages  

99+ messages. Join the team to get in on the action!

Team Activity

  • Sokmoeurn
    Cambodia
    Sokmoeurn received a loan from James to buy a motorcycle with trailer to transfer food to sell.
    James
  • Érika Rosibel
    El Salvador
    Érika Rosibel received a loan from Sabine to buy tule reeds to make and sell sleeping mats, and also to buy seeds, manures, and poisons to cultivate staple grains.
    Sabine
  • Chiquitia
    United States
    Chiquitia received a loan from 1 team members a woman-owned fashion boutique expand its marketing.
    Default lender image
  • Shahnaz
    Pakistan
    Shahnaz received a loan from Alpaslan to purchase sacks of apples, mangoes and guavas for her husband's business, which ultimately enable him to cover his utility bills in a timely way.
    Alpaslan
  • Zied
    Palestine
    Zied received a loan from Alpaslan to buy a solarium (solar panel).
    Alpaslan
  • Mathieu
    Cameroon
    Mathieu received a loan from Roberto to purchase a milling machine.
    Roberto
  • Rhealyn
    Philippines
    Rhealyn received a loan from Sabine to buy powdered milk, canned goods, noodles, snack food, toiletries and food seasonings; part of her loan is to buy fishing net and other fishing materials.
    Sabine
  • Jhon Jairo
    Colombia
    Jhon Jairo received a loan from James to buy a compressor and wood to continue with his work.
    James
  • Atef
    Lebanon
    Atef received a loan from James atef to buy a new electric generator which will facilitate his furniture-making work.
    James

Impact   Updated Hourly

58
Team Members
$8,850
Amount Loaned
344
Loans
5.9
Loans per member