Since 9-16-21 I have made 52 loans on the Kiva platform at a total cost of 1,301.97 as I decided to donate a small amount to Kiva so they can continue to facilitate borrowers in obtaining their goals through the Kiva platform the math is going to look a little strange.
This brings the donation’s to $1876.97 that were developed through the Ergo Raffle for the Cardano Community Kiva Initiative.
Owed $1.16 to fulfill my obligations, when I sat down to make this update I believed I had met my obligations, my calc’s were wrong so I will soon be making another loan to ensure all the fund’s gained through the raffle are distributed where they were meant to go.
*Note (edit): Final loan of $25 made on 10-5-2021, all ErgoRaffle proceeds have been lent out on Kiva.
Forward Strategy.
As I work on Ergo–Lend and a similiar solution on Cardano, my thoughts are that as these loans are repaid on Kiva I will transfer them to the blockchain solution I am so excited to see succeed, I will be seeking advice and feedback from the community on just how exactly to distribute these funds and the traceability of them as they were crowdsourced and will be moving from one platform to another.
-if- Ergo-Lend is not succesful than as these Kiva loans are repaid the funds will be reloaned to new borrowers on that platform.