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  1. Aaron Sice

    Kiva - helping others via micro-credit

    no, you're mistaken. china knows that's below the threshhold for deductibility, so it wasn't worth donating.
  2. Aaron Sice

    Kiva - helping others via micro-credit

    Usury is the act of profiting from misfortune - also lending with interest. Was illegal in the 1400s. You are not profiting, just asking for repayment of capital and providing capital for opportunity. You could also think of it as venture capital.
  3. Aaron Sice

    Kiva - helping others via micro-credit

    but that's an incidental. you don't base your idea to loan money to the third world around the benefits you get out of it - someone says "hey have you realised this?" and.... ah never mind. if you want to be the IMF and repossess the Amazon Basin to derive income from logging because you...
  4. Aaron Sice

    Kiva - helping others via micro-credit

    value is measured in more than monetary terms. the idea is to LOAN the money, not DONATE it. in which case, if you declared it as a donation to a charitable cause, you would be in breach of the Taxation Act because a) it's not a donation, and b) it's not a charity. but, as...
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