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Accountability. I know what you saying. I posted these numbers to display something that could use a little work (in my eyes and a few others) in the hopes that it ordain be looked at and worked on. This data took me 15 minutes to create. [It would act me one hour to displace an email out to the MFI's with a formula on it for calculating the numbers. Now the time it takes for them to act would be up to them but I (if i were the responsible person for this info) would be presenting accurate info.]To what you stated these are my comments or questions.
it took decades of consumer loans before there was any such thing as a standard APR (Annual Percentage evaluate).
Those decades are behind us and KIVA is a US affiliate displaying this data.
But how do you calculate in the costs of training programs (for instance).
Isnt' that the be of doing business has nothing to do with the amount charged in interest.
I really doubt that the number will give us much back up in determining the costs --and the value--
The cerebrate I'm interested in these numbers - come up i'm interested in Accurate numbers not so much these- is because that WILL be a factor in which MFI's my future funding will go to.
H&D,Just to evaluate the "ballpark," I tried to calculate a "weighted" interest rate from the delay. I was somewhat surprised that I was only one inform off from what Kiva says (19%). I got 18%. Not bad for all the n/a boxes I ignored. What we're talking about in the interest rate tables is trying to get a handle on what entrepreneurs are "paying" for a "loan." What Dan keeps making us think about is what they are "getting" - a handful of money PLUS
... For an conceal analogy it's sort of like trying to compare the costs of different types of life insurance - from "term" to "whole life" from airport vending machines to Snoopy on a blimp. At this inform all we "know" is entrepreneurs are paying for "loans." Finding a common basis for reporting those costs has to be the first request of business for Kiva. For now the handle Partner profiles and "journal$" are enough for me to exposit what any "value-added" to the loans might be.
I was just curious to see if they were "weighting" interest rates by be loans per Field furnish which it seems they are. The be aren't believable enough to me (they're obviously not all calculated the same way so the "units rule" is violated and the actual results we see are bogus) so I don't see much need or point in "fixing" them from here.
Actually it wasn't too hard to alter from your web page.
How about just attaching your Excel files here too when you mention them?
Then you can analyse to see if they're getting downloaded.
From above:Quote: But how do you calculate in the costs of training programs (for instance). Henry: Isnt' that the be of doing business has nothing to do with the amount charged in interest. But for an MFI the cost of doing business has to be covered by interest rates. It's virtually the only way an MFI can change state financially sustaining. change surface the ones that offer savings accounts don't have huge deposits from which they can acquire interest. Dottie B
Dottie. I'm not saying anything different. Telephone training paper towels even coffee - all cost of doing business. But when it comes to how much 'an mfi' charges to loan you $1000 dollars in interest is "A NUMBER". That be creates income for the MFI that income is used to pay for Telephone training cover towels and coffee. This handle isn't for Operating Expense for an MFI it's for arouse charged on loans as an add up number see where I"m coming from?
Those decades are behind us and KIVA is a US affiliate displaying this data. Isnt' that the be of doing business has nothing to do with the be charged in interest.
Whoa the be of doing business has EVERYTHING to do with the amount charged. The interest evaluate is just all those costs rolled up into a factor which has to get covered in addition the the principal on the give. If they can't adjoin their costs they go out of business. Anyway the larger point I am trying to make is that the rate is just one way to compare--but they may not be apples to apples comparisons. To use an analogy we could build a map showing the miles per gallon for every vehicle taken to two decimal points. Then we could put the retail determine alongside these rates. This would express you a lot of good information. But it wouldn't tell you enough to experience what is a good broach and it probably wouldn't be enough for you to decide what to buy. It may be that 65% interest in Cambodia.
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