microfinance

concept · in 15 videos (2007–2013)

Mentions by year: 2007: 5 · 2009: 1 · 2011: 3 · 2012: 4 · 2013: 2

Threads

The brothers visit a village in the Dominican Republic, arranged by their dad (2007) — story, retell, 2007–2013
John asks Nerdfighters to lend to entrepreneurs through Kiva.org (2009) — ask, reported back, 2009–2013

What the videos say

2007

2007-06-15 · Brotherhood 2.0: June 14: Good News/Bad News — John thinks they learned a lot about microfinance, poverty and real life in the Dominican Republic, and look forward to making those videos back home. (00:01:48)
2007-06-28 · June 28: How to Be a Microfinancier — John announces they will learn how to be microfinanciers, joking that it is like being a regular financier, only free and good instead of evil. (00:00:00)
2007-06-28 · June 28: How to Be a Microfinancier — John says microfinance organizations offer opportunities to the poorest of the poor, whose only other source of loans is loan sharks. (00:01:14)
2007-06-28 · June 28: How to Be a Microfinancier — John says that driving back they saw a sprawling restaurant complex started by one woman with one $180 microfinance loan. (00:02:12)
2007-06-28 · June 28: How to Be a Microfinancier — John says microfinance is an awesome idea. (00:02:36)
2007-06-28 · June 28: How to Be a Microfinancier — John recommends Kiva.org, which lets anyone be a microfinancier: you give money directly to someone in extreme poverty and they pay you back. (00:02:36)
2007-06-28 · June 28: How to Be a Microfinancier — John says the problem is that the people who start microfinance organizations are usually really, really rich. (00:02:36)
2007-06-28 · June 28: How to Be a Microfinancier — John sums up Kiva lending as like charity that costs you nothing. (00:02:36)
2007-06-29 · How to be a Microfinancier Part 2 — Hank says that while these people need help in many ways, microfinance is a really powerful way for them to improve their own lives. (00:01:55)
2007-06-29 · How to be a Microfinancier Part 2 — Agreeing with John, Hank says microfinance is like giving money except you get it back, a pretty good deal without being a pure capitalist. (00:01:55)
2007-06-29 · How to be a Microfinancier Part 2 — Hank enthusiastically promotes Kiva.org: it is loaning, not donating, yet feels like donating, and you get your money back; 'It's that easy!' (00:03:00)
2007-07-02 · Brotherhood 2.0: July 2nd: The Law of Compound Nerdfighting — John corrects his Thursday claim that only really wealthy people can open a microfinance bank: he had forgotten the law of compound nerdfighting. (00:00:29)
…and 3 more statements in 2007 (most important shown)

2009

2009-10-12 · Puppy Elephant Defends Capitalism — John says this is why microfinance works: through Kiva, people like him lend to developing-world entrepreneurs, who start small businesses and repay from the revenue. (00:02:34)
2009-10-12 · Puppy Elephant Defends Capitalism — John says the entrepreneurs he lends to in the developing world live on less than a dollar a day. (00:02:38)
2009-10-12 · Puppy Elephant Defends Capitalism — John says lending to poor entrepreneurs almost never costs the lender anything: loans are repaid 99% of the time, so the same $25 can be lent over and over. (00:02:48)
2009-10-12 · Puppy Elephant Defends Capitalism — John says money can't buy love but can buy longer, healthier, more secure lives, and it is amazing to watch tiny loans bring people out of poverty at no cost to him. (00:03:00)

2011

2011-03-08 · Why is Haiti Poor? — Hank recalls that long ago he and John went to the Dominican Republic and toured with a microfinance organization; that video is deep in the Brotherhood 2.0 archives. (00:00:51)
2011-09-27 · Awesome Bankers? — John presents Kiva.org as letting anyone be a banker for developing-world entrepreneurs they choose, with a 98.5% chance of repayment; lenders can relend or withdraw, and earn no interest (as with banks these days). (00:02:26)
2011-09-27 · Awesome Bankers? — John concludes that bankers can reduce world suck and that we can be bankers, facilitating sustainable economic growth in the developing world. (00:02:55)
2011-12-27 · Project for Awesome and Truth or Fail — Kiva's share will be split: half to running and maintaining Kiva.org, half to loans for entrepreneurs in the developing world. (00:00:00)

2012

2012-03-13 · Actually Free Money! (Really.) The Bank of Nerdfighteria's Quarterly Report — John explains Kiva.org lets regular people lend to developing-world entrepreneurs (he lent to a farmer in Peru and a shopkeeper in South Sudan), who repay, giving them cheap credit others take for granted. (00:01:24)
2012-03-13 · Actually Free Money! (Really.) The Bank of Nerdfighteria's Quarterly Report — John hopes many Nerdfighters take the offer so the group grows and they discover the wonders of microfinance. (00:02:52)
2012-08-28 · In Which the Candle Dies — John explains that Kiva lets regular people make loans to entrepreneurs in the developing world, and calls it really cool. (00:01:56)
2012-08-31 · Why The Rich Pay Lower Taxes — Hank asks Nerdfighters to keep lending through Kiva.org, saying it is proven economically that microfinance is a really great way to help the developing world. (00:03:12)
2012-12-11 · Economics and Dentistry: YOUTUBE'S FAVORITE TOPICS — John explains that Kiva lets ordinary people lend to entrepreneurs in the developing world, giving them banking access they would not otherwise have. (00:01:27)
2012-12-11 · Economics and Dentistry: YOUTUBE'S FAVORITE TOPICS — John says that, often as the inviter, he has lent more than $64,000 through more than 2,000 Kiva loans, and 100% of borrowers have repaid him so far. (00:02:07)
2012-12-11 · Economics and Dentistry: YOUTUBE'S FAVORITE TOPICS — John says he has lost only $7, to currency fluctuations in South Sudan, so helping $64,000 worth of businesses grow cost him $7. (00:02:37)

2013

2013-01-16 · An Evening of Awesome at Carnegie Hall — Asked what most decreased world suck, Hank names P4A but recalls their first-year visit to a microfinance organization in the Dominican Republic; microfinance seems to really work. (01:55:09)
2013-11-26 · The Bank of Nerdfighteria — Through Kiva one can lend as little as $25 to students and entrepreneurs in the developing world, and 99% of the time they pay you back. (00:02:49)