Kiva Lending Team: Oceania - LLL
We loan because...
to support Late Loaning Lenders, by promoting loans offpeak from UK and North America.
Open to anyone wanting to promote expiring or hard to fund loans, espically in the Australian/New Zealand/Oceania region.
This is the information received from Laura Piper about Kiva’s “Popularity” sort:
The formula is: "Popularity" = Last Hour Fundraising Total + Overall Fundraising Rate + Age on Kiva
- Last Hour Fundraising is calculated as 200 x Amount Raised in the Last Hour
- Overall Fundraising Rate is calculated as Total Amount Raised x 60 / Minutes Fundraising
- Age on Kiva is a number that begins at 200 for loans that are brand new on Kiva (just posted). This number decreases quickly over time so that by the time a loan has been posted for an hour it has decreased to just 3.
What I hope this shows is that the main weight of this formula is the Amount Raised in the Last Hour (which should work in the favor of the LLL to get loans that are being supported by you guys to the top of the sort!). Overall Fundraising Rate is a much smaller weight, which mostly just helps to put loans that have funded a bit faster overall above those who have been slower (when they are both currently funding a lot in the last hour). The Age on Kiva "boost" (as I like to call it) helps give every loan their "moment in the sun" when they first are posted to Kiva. Again, this boost pretty much goes away after they've been listed on Kiva for an hour.
Location: Oceania Team website
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Runa received a loan from Susanne to buy a new sewing machine, yarns and fabrics for her clothes making enterprise.
Bopha's Group received a loan from Susanne to buy pesticide and other farming materials for bean and cashew growing.
Eman received a loan from Susanne to buy a new sewing machine, yarn, and fabric for the borrower's work.
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