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11. Posted by Isadora (Moderator 13924 posts) 5y

Quoting Peter

Quoting Isadora

Last, but surely not least, we're $1.32 short of our benchmark for release of funds. Okay, there will be the audit and bank transfer times before the first loans - but we're almost there. I'm excited! I've been working on this since February! I want us to make some loans! I'm done ranting! Really!

Awesome! Although I must say I quite enjoy your rants ;)

Ahhhh.
At least that makes one - well, two if I count myself and three if I count Beerman.

I do rather feel like one of the volunteers during a public television pledge week program break...

"Our goal is $100.00 and we've only got 87¢ left to go!! Click now and you'll receive this lovely autographed collection of Leonard Bernstein's Young People's Concerts - Collector's Edition (1958-1973). Or, you can choose this pair of sleeper car tickets and journey from Paris to Istanbul on the Orient Express. Wait, the Orient Express doesn't take that route anymore. Okay, who didn't read the fine print... It clearly says "Use before 1952." Well, they are still antique items and worth of a click or two. So, while you make a contribution or two, we will wrap this up and return you to the broadcast - Broadway Presents Caddyshack Starring The Three Tenors!!! YAY!!!!"

Just 87¢ and Friday, there will be free drinks all night long down in the TP Martini Lounge. Just follow the dungeon stairs - can't miss it. We'll even try to have live music for the occasion.

12. Posted by Isadora (Moderator 13924 posts) 5y

Me bad - earlier, over in the Off Topic thread, I said:

Quoting Isadora

I have bad news...
I'm afraid the TP Martini Lounge will not be opening this evening.

I lied! I'm sorry - but it's true. I'll try not to let it happen again...

AS OF RIGHT THIS MINUTE - WE HAVE $101.76 IN THE ACCOUNT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I have released the funds for audit. Now, the amount will change slightly over the next ~9 hours (my time) but I doubt very much it will drop below $100.00. Regardless, the TP MARTINI LOUNGE IS NOW OPEN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

THANK YOU EVERYONE WHO HAS CLICKED AND CLICKED AND CONTRIBUTED AND CONTRIBUTED AND CLICKED SOME MORE!!!!
You have made Isa (aka Foundation) a very happy camper!!!!!!!!!!

Okay, once again, just follow the dungeon stairs and music! Our special musical guest for this evening is none other than Joe Walsh!!!!! Who's up for some Rocky Mountain Way? (Ya know, he'd written a better song if he'd known it was going to be so popular...)

13. Posted by Isadora (Moderator 13924 posts) 5y

Greetings All You Lovely TP Members You!!!!!!

Once again, we have reasons to celebrate down in the TP Martini Lounge!!!!!! (Just follow the dungeon stairs and sound of live music.)

I am exceptionally pleased to announce that two new spokes have been added to the TP Foundation's umbrella. Okay, one spoke is in place and the second is almost completed. What are they? Well, wouldn't you like to know! Oh, you would... Well, that's different now isn't it... But, since you insist...

Follow the dungeon stairs to the Blog Bar before hitting the Martini Lounge. There all will be explained. (Oh come on. Seriously. You didn't think I was just going to post it all here and not make you read the blog did you? Hmmmm. Guess so. Too bad!)

Honestly, these are two really, really good programs and worth clicking the above link. We'll have your drink of choice waiting for you when you visit the Lounge. ;)

ps: Since we have made two announcements, we decided that we should have equal entertainment. Tonight - please welcome Eric Clapton and B.B. King to the stage!!!!! Don't forget to stop by the Blog Bar before the Martini Lounge. Two free drinks with each Blog Bar hand stamp.

[ Edit: Edited on 01-Jul-2009, at 11:57 by Isadora ]

14. Posted by Isadora (Moderator 13924 posts) 5y

Quoting Isadora

[I am exceptionally pleased to announce that two new spokes have been added to the TP Foundation's umbrella. Okay, one spoke is in place and the second is almost completed. What are they? Well, wouldn't you like to know! Oh, you would... Well, that's different now isn't it... But, since you insist...

Just a quick update on the TP Foundation's umbrella...

The two new spokes mentioned above are now fully in place and I think you all should take a look! They are very cool but don't take my word for it - check it out for yourselves. Please. Pretty please. With sugar on it.

TRAVEL UNRAVELLED - A Traveler's Self Help Guide - This blog will be written by travelers for travelers. Yup, that means you. Please see the Welcome to Travel Unravelled, posted by Peter, for the details. Then, stick around a bit longer and read the first TP member submission - How to Travel With Confidence - posted by our favorite brew master, Beerman.

--------------------

The Book Club is another blog that will be written by members for members. It's easy - read a book then write a review! Follow the above link for the About The Book Club information and then take a peek at two reviews already submitted:

Lost on Planet China - by J Maarten Troost
No-Man's Lands: One Man's Odyssey Through The Odyssey - By Scott Huler

Both the Travel Unravelled and The Book Club blogs will be generating funds for the Foundation in their own ways. Again, these contributions will be used to support Kiva loans. Thank you for your participation!!

15. Posted by Isadora (Moderator 13924 posts) 5y

Hola All!

Yup - another Foundation update! TPF has made the first set of four loans to Kiva on August 5, 2009. Within 24 hours, two of our choices - Aminata Ndao in Dakar, Senegal and The Pel Lys Group in Siem Reap, Cambodia were fully funded!

For more information and to see all of our recipient Entrepreneurs:

HIKING THE MONEY TRAIL!!!!!!!!!!!!!!

16. Posted by Isadora (Moderator 13924 posts) 5y

Yup - it's that time again! Four more loans were made this morning (my time) and the blog entry has been posted:

I HAD THE BLUES BECAUSE I HAD NO SHOES

The previous set of loans involved agriculture and livestock (food). The four loans made today revolve around the making and selling of clothing.

Thanks for your time and enjoy!

17. Posted by Q' (Moderator 1987 posts) 5y

Hey, in the links to the individual applicants, there's a "days left" field on the right hand side. What happens when that time expires ? Just out of curiosity. Do the individuals just get what's been donated ? Does Kiva make up the difference ? Do they get nothing ?

18. Posted by Isadora (Moderator 13924 posts) 5y

Quoting Q'

Hey, in the links to the individual applicants, there's a "days left" field on the right hand side. What happens when that time expires ? Just out of curiosity. Do the individuals just get what's been donated ? Does Kiva make up the difference ? Do they get nothing ?

Good questions, Q! And, I think I have the answers for you. (Just went back over Kiva's site and the Kivafriends forum section to verify.)

According to Kivafriends, no loan request - to date as of the end of June - has gone unfunded. That may have changed but it doesn't appear that it has - yet. There is a group of lenders who are literally searching for Entrepreneurs who's time is in the "red zone" (2.5 days or less to go) and they come to the rescue. They are quite pleased with their success rate.

If an Entrepreneur is not fully funded by the end of the 30 days, the request is removed from the Kiva site and the MFI responsible for the actual loan is contacted. The MFI is in charge of supplying the real loan to the Entrepreneur and they do not rely solely on Kiva for the money. Kiva is just one avenue the MFI uses to secure funds.

It is possible that an Entrepreneur could receive nothing in the end. If they are not funded fully via Kiva, and the MFI has not secured funding from any other source(s), then yes - the Entrepreneur loses out at that time. But, the Entrepreneur can reapply again and again for Kiva funding through their MFI. Also, the money Kiva had collected towards the loan would be returned to each lender and placed in their individual Kiva accounts.

This subject (incomplete funding) is of some debate on Kivafriends. The above mentioned group of rescuers are also finding issue with some of the MFIs and the way the Entrepreneur descriptions are written. Basically - quite poorly. The MFIs are responsible for taking the Entrepreneur's information, writing a good description and translating it into English (when necessary). There are some profiles that have not been translated which makes it hard for lenders. If they don't know what's being described, they won't choose that recipient. The group vacillates between rescuing a recipient and letting them go unfunded. If they come to the rescue, the MFI will not likely improve their writing skills. If left unfunded, the recipient may not come back to try again. It appears they have chosen to get the "bad writing" point across to Kiva in other ways at the moment.

Honestly, two weeks ago, I was concerned our Peruvian group wasn't going to be funded in time. They still had quite a sum needed at 3 days out but, within 24 hours, they had it all.

Hope that answers the questions!

19. Posted by Q' (Moderator 1987 posts) 5y

Quoting Isadora

Hope that answers the questions!

Ehhh.....good enough.

20. Posted by Isadora (Moderator 13924 posts) 5y

Boy, am I late to my own party!!!

Since the last post, two more sets of loans have been made some questions answered and the blog entries published:

August 30, 2009: "The Stuff That Dreams Are Made Of."
There, you will find the answers to question about the fate of Entrepreneurs if full funding is not achieved. Thankfully, Kiva has not had that experience as of yet. (And neither have we.)

September 2, 2009: A House Is A Home
This entry introduces 4 new recipients. The theme surrounds housing and shelter - from building a home to having indoor plumbing installed.

September 16, 2009: An Apple A Day...
Again, 4 new loans were made. We were able to find 3 requesting funds for healthcare-related projects. Two revolve around human health and the third is for a veterinary pharmacy. The final loan covered transportation of fruits, vegetables and consumer goods.

We have also started receiving repayments from 6 of the first 8 Entrepreneurs chosen, which you will read about in the last blog entry as well.

So, go take a look and see you on September 30th!