MilePointers team goals

Wow! 678+ now? That is the most amazing part of this. Even more so than the total lend. Well done to all out there pulling in new members.

Now at 684. Amazing.

Wow, we are very close to the 2.1M total, who knows, with repayments still to come this week, we could even hit 2.2M!

We'll go well above that, sir, well above that.

I'm thinking $2.4M with all of the repayments

I'm thinking I love you guys.

I could be wrong here, but I believe some of the big guys have visions of 500k this month.

Has anyone considered team total by the end of the year? Or MP at year 2?

I am thinking we basically did 2m in year 1, so we're likely to be about 6 to 7.5m at March 1, 2013.

I would say that you're high. But then I have seen these guys raise 300K in 2 days so maybe I'll just have some of whatever you're having and enjoy the ride.

Well we've been averaging 250k or more a month for months. 10-12 months from now puts at least another 2.5-3m in the pot. Then think about all the growth of a year and I don't think 1-2.5m more is too much in total lend growth above current pace by the end of a year. We did go 0 to 2 in a year or so.

Knowing this team, they'll figure a way to make me be wrong on the low end.

I'm beginning to think we'll see 700 members by the end of the month

For Sept-Feb, our avg monthly lend was $249.8K and for Oct-Feb, it was $272.8K! Once this month is over, the avg will likely be closer to $300K/mo. That is an amazing pace for any team (AASFSHNR avg $263K/mo). Of course, past performance is no guarantee of future lending, but our repayments are still young and the numbers from that alone are fairly high!

Have you done any calculations on the ratio of new money in one quarter to the increase in leading the next month? Or can we even measure new money versus re-lending? I’m personally interested to know the ratio of new/relending – and to know if many people actually pull that much money back out.

I knew you'd have numbers to back me up.

Tough to calculate the relending portion (I would guess on average the repayments are about 10 months, and we have about $120-160K in reloans), but my guess is that there is a lot of new money continuing to pour in each month. We have seen an incremental increase in lending in all months, with huge leaps in our Money Bomb months, Oct and Mar!

I think it would be amazing to see $500K lent this month by our team. Considering the rapid rise of the Nerdfighters, they are aiming for this magical mark also. No team has done $500K, and it would be awesome if 2 teams did that at once!

As someone else pointed out, the nerdfighters are clearly taking advantage of the free loans for new members. That amount is capped, and would take 20,000 new nerdfighters to get to $500k. It won't happen. It looks like mostly highschool and college kids. They might get $300k at most, which is a good effort. It'll be interesting to see how many of them reloan and how many add their own money moving forward.

I think it's important to celebrate the Nerdfighter Team. I'm not sure if they'll stick around. but so far they're doing well. They're not our competition. We are actually a team that talks and strategizes together, whereas they are responding to calls from a pretty funny vlog. If they beat us this month, I don't think that takes anything away from our achievements. I too am curious to see how many reloan.

I certainly did not mean to imply anything that would contradict what you just said. I was just saying I didn't think there was any chance that they'd hit $500k this month, and that I was skeptical that they'd have the ability to continue lending at anywhere near the same rate moving forward, simply because of the apparent demographics of the group. Good job by nerdfighters.com for promoting Kiva, and I hope a lot of their fans/members learn some good lessons and continue to add their own money to the loans in proportion to their likely limited personal funds at this time.

and remember that the "free" money cannot be reloaned.

???

This money will disappear when paid back?

IIRC, repayments for the free loan will go to Kiva as a donation.

Hmm... I hadn't noticed it before, but yup... seems that way:

I assume that means someone, some organization, or some collection of both has pledged to fund the free loans but will receive the repayment. So basically the sponsor is willing to let new Kiva members pick who the money goes to but it's otherwise as if the sponsor made the loans.

Cool. I like that. Just didn't know.

The Kiva staff mentioned this to us at the Do and rehoult pointed out that the offer incorrectly stated that it would be returned to the donor. Reid Hoffman, BTW, generously provided books as part of the Kiva Do swag also!

I don't see how anyone can make this determination or would want to without each member divulging the percentage of their monthly loans that is new money. Why is this significant since Kiva treats money loaned again as a new loan towards the team's total loan amount?