Kiva Fund

About Kiva

Kiva is an organization that provides small loans to small businesses all over the world. The goal of Kiva is to empower people by helping them to help themselves. You can read about Kiva here: https://www.kiva.org/about

I think this matches perfectly with our view of VirtaCoin as  "The People's Coin". Note that Kiva is not about 'gifts' but about 'loans' - and Kiva claims "all with a nearly 99% repayment rate." So, the same funds can be used over and over again.Creating visibility for VirtaCoin will be done by creating a "Team VirtaCoin" on Kiva. (https://www.kiva.org/invitedto/virtacoin/by/virtacoin) Participants in the VirtaCoin Kiva Fund will be requested to register at Kiva (which is free) and join Team Virtacoin. Kiva has a competiton going between Teams - so that's where VirtaCoin visibility comes in: https://www.kiva.org/do-more/playbook#linktoyourteam

Many people are buying VirtaCoins when the price is still low and keep them saved until the price goes up and they can sell them again at a profit. This is a slow process and it means your Virtacoins are collecting dust while waiting for their value to go up. With the VirtaCoin Kiva Fund you can now put them to work for a worthy cause and get rewarded for that at the same time!

How does the Virtacoin Kiva Fund work?

Every 48 hours VirtaCoinWallet.eu extends a new USD$ 25 loan to a Kiva project. $25 is about 1.5 million Virtacoins (at current rates).  VirtaCoinWallet members can 'adopt' these loans by making funds available to the VirtaCoin Kiva Fund. These 1.5 m participations are held for the duration of the linked Kiva loan. After the loan has been paid back (or terminated)  the participation is returned to the member. The member is rewarded 1% monthly over his outstanding participations.  The loans are made available for linking on the VirtaCoinWalle website (menu option "Kiva Fund"). They will appear at irregular intervals and at different times during the day so everyone has a chance to adopt one or more loans and qualify for the 1% monthly reward.

Want more than 1% monthly? You can! Read on below...

Members can also fund their favourite Kiva project directly. First, you select your favourite lending project at https://www.kiva.org/lend . When you click on your favourite project the address bar of your browser will show something like this : https://www.kiva.org/lend/1017127  . The number at the end of that url (1017127 in ths case) identifies the project. Next you make a $25 payment to admin@virtacoinwallet.eu (for paypal payment) or address 1Mz3K4eYqpURSJrJZ7MsTZgT192g6pTiUp (for BitCoin payment).  In the memo of your payment you must put : "KIVA username project_id"  where username is your virtacoinwallet.eu username and project_id is the Kiva project number. Example: "KIVA JohnMoles 1017127" Upon receipt of your payment Virtacoinwallet.eu will : 1. send USD$25 to Kiva for the project you have chosen (in this case project 1017127) 2. add a 1.5m VTA participation in your name to the VirtaCoin Kiva Fund  After the loan has been repaid this 1.5m VTA will be transferred to your main wallet. 3.pay you 2% monthly over this dedicated participation for the duration of the Kiva loan.

 

 

 

DISCLAIMER

In no way can your adoption of a Virtacoin Kiva Fund Loan be construed as an "Investment".No statement is made about any future developments of VirtaCoin or its value. No Funds are held at this website.