The alternative to 'fairtrade'

[PAH]

developing world

Yeah the third world was promoted after the demise of ruskie-land, which I only recently discovered was the second world.

[Lucy]

No, it's not an alternative to fairtrade at all.

Fairtrade sells you something, the profits from which are shared with the producers to help lift them out of poverty.

Kiva is an interest free loan that you are providing to the third world, to help lift them out of poverty. You can get your money back later though, but you get nothing from it.

Kiva is an alternative to SharedInterest that charges 21% to the third world but returns 0% to you. The difference is that SharedInterest can pay you interest on your investment too.

Neither Kiva nor SharedInterest are alternatives to Fairtrade.

From what I can see sharedinterest only gives loans to fairtrade organisations. And, if kiva is what I understand it to be, it is an alternative to fairtrade because it enables me to support individuals without the nonsense of fairtrade. That is what I meant by an alternative. There has been enough in the (quality) media lately to dispute the value of fairtrade for you to understand I am sure.

[tay]

I read that thinking the opposite of fair trade. I was expecting a site promoting the use of child labour and tiny tiny wages.

Me too, I wanted to invest.

[Diver]

Me too, I wanted to invest.

I can feel a plan B coming on

[BrowneIssue]

Yeah the third world was promoted after the demise of ruskie-land, which I only recently discovered was the second world.

Huh?

The Americas were found and referred to as The New World.

By implication, Europe and Asia became referred to as The Old World.

As Africa became more important so it got called The Third World.

[TheFaQQer]

From what I can see sharedinterest only gives loans to fairtrade organisations. And, if kiva is what I understand it to be, it is an alternative to fairtrade because it enables me to support individuals without the nonsense of fairtrade. That is what I meant by an alternative. There has been enough in the (quality) media lately to dispute the value of fairtrade for you to understand I am sure.

Kiva seems to be a system for mugging the gullible to line to pockets of someone else.

You lend the money at 0%. They lend the money at 21%. You're right - that is an alternative to the Fair Trade model

[Lucy]

Kiva seems to be a system for mugging the gullible to line to pockets of someone else.

You lend the money at 0%. They lend the money at 21%. You're right - that is an alternative to the Fair Trade model

Based on what evidence?

You made a comparison with sharedinterest, which I have shown to be irrelevant. So you keep quoting something that you cannot prove and insult me also.

Not worth listening to? That might be you mr faqqer. Please save your rolled eyes for something you can prove.

[Diver]

Based on what evidence?

You made a comparison with sharedinterest, which I have shown to be irrelevant. So you keep quoting something that you cannot prove and insult me also.

Not worth listening to? That might be you mr faqqer. Please save your rolled eyes for something you can prove.

What is Kiva.org?
They basically act as a medium for people to give non-profit loans to entrepreneurs in developing countries. Don't be fooled though, Kiva gives your donations to "middle men" called field partners which give micro loans to the entrepreneurs with interest (some are ridiculously high, like 54%).
The average seems to be about 25% - 30%
http://www.milliondollarjourney.com/...repreneurs.htm

[Lucy]

What is Kiva.org?
They basically act as a medium for people to give non-profit loans to entrepreneurs in developing countries. Don't be fooled though, Kiva gives your donations to "middle men" called field partners which give micro loans to the entrepreneurs with interest (some are ridiculously high, like 54%).
The average seems to be about 25% - 30%
http://www.milliondollarjourney.com/...repreneurs.htm

Thanks Diver. I will let everyone know.

[tay]

I have stopped giving any money to any charity that gives to money to Africa. Its a total waste of time and effort. They breed like rabbits, have a barabaric way fo dealing with things and turn on each and commit genocide at the drop of a hat. Its probably the wests fault for this in some way.. but I dont care.
I am done with it. My care factor has hit zero. I give money to charities still as I see worthy ones all over the show... just not any in Africa that I trust.

Flame away for me being a cold hearted b'stard.