CharityChip Micro-Investments Seeking Donators + Supporters

[CharityChip]

Hello. This is a new topic for the "CharityChip Micro-investments".

Donators and Supporters are asked to voluntarily provide some BTC bitcoins for use in supporting new business ventures around the world. These are typical individuals seeking to make some new business opportunities using bitcoins or for bitcoin-related projects.

A similar project was done privately for about 6 months with overall positive results. Micro-loans were typically offered at the lowest rates available and served a braod range of borrowers geographically. Investments in business-related ventures are specifically targeted, and investments in specific projects are usually a very small percentage of the overall request. This helps ensure that limited funds are used and distributed fairly whiel also reducing risk exposures.

This project is currently operating using the BitLendingClub website, with investments originated from the account named "CharityChip". There are approximately30 countries that actively participate in this, and the site has a good track record for these loans for micro-investments into small businesses. The overal ROI for all investments over about a 6-month period is about 10-20%. The yield is close to 20%, but the net returns drop due to occasional defaults. However, with good investment selection and risk-reduction due diligence, the success rate is about 95%.

Donations would be used to make investments, and then permanently "re-invested" into the lending program once paid/completed. This would be a "one-way" contribution from someone who would like to make a simple donation to this project.

Supporters, however, would offer funds for a limited time, and then the original amount returned; profits from these investments would be permanently re-invested in the project.

Donations or support funds may be sent directly to the bitcoin address for the "CharityChip" account at the bitlendingclub.com website.

1FcyL5b9TddFbegeyGkKW7eeVxX6dANy4d

Please specify if your contribution is sent as a donation, or as a time-limited support.

examples:

JGuglia Donator 0,01 BTC "Good Luck!"

HRavi Supporter 0,1 BTC for 6 months "Hope it works, please send back to same BTC address. Thanks"

DevGalUS Donator 1 BTC + Supporter 2 BTC @ 3 months (if it goes well may extend another few months; send PM when time is near for more info)  

There is a detailed log showing all transactions made and copies of this may be provided for verification to those who wish to have this posted in this forum as well.

As the project continues, other sites may be added or other similar means used to make substantially similar micro-investments. Please send a PM or post if you have other resources that you would like to be considered for this project. There is a current shortage of good offers in most of Africa and much of Asia now, so something that would help expand there would be useful.

For further information, questions, concerns, or other matters, please feel free to send a PM or post here in this topic.

Thank you for your consideration.

/s/ CharityChip
Founder
CharityChip Micro-investments

[avatar_kiyoshi]

Can you show your link on bitlendingclub ?
how minimum to make an investment?

[alwinlinzee]

I am a noob hence my question, what do I stand to gain as either a donator or a supporter by giving you my money.

[CharityChip]

Can you show your link on bitlendingclub ?

Yes. https://bitlendingclub.com/profile/transactions

how minimum to make an investment?

Probably there is no "minimum", but because of transaction fees [costing 0.0001], it would probably be best to make "support" [returnable] funds of like 0.001 or more. For "donations" very small [0.0001 or less] are fine as the funds would be held and re-invested.

[CharityChip]

I am a noob hence my question, what do I stand to gain as either a donator or a supporter by giving you my money.

This is for charity to help others who use funds for developing businesses. It is like philanthropy or whatever kind of "help" one may call it.

For those who maybe would like to do this kind of micro-investing, but neither have the time nor experience to do so, it is like a "service" to help those who wish to give. Of course, the small business projects also benefit from more investments. And, because this "system" has already been done successfully on a private basis before, it is a rather straight-forward "service" to offer.

As a donator or supporter, though, there would be thanks given and probably some kind of positive reputation gained. Generally, these things are secondary, but sometimes people wish to give specifically for this reason. Larger donators also sometimes make contributions to gain tax or other benefits. There are also sometimes those who are assigned or agree to do public service of some kind in exchange for some reduction of penalities.

This project is micro-investments, so generally it would be from casual donators or supporters who wish to help without expecting much in return.

[CharityChip]

Here are 2 Anonymous Donations totaling 0.01 BTC.

2015-09-16 06:41 PDT    Deposit    1FcyL5b9TddFbegeyGkKW7eeVxX6dANy4d    0.01000000 BTC    confirmed    No Action

Thank you for supporting the CharityChip Micro-investment project!

  

[CharityChip]

OK, the first investment made for CharityChip went well.

emmanuelsanchez20    Hardware and other things    0.00010000 BTC    No Due Date    0.46667%    12.00009%    Repaid/Closed    Rate user

This was a small business investment project located in:

Country: Venezuela
City: Santa rita
State: Zulia

The loan was re-paid early, in fact, and CharityChip Micro-investments was by far the best lender with a rate of 0.46667% as compared to the next best rate of 3.50000%, which is about 7 times more. The poorest lender offered a rate of 5.00000%, which is about 10-11 times higher than CharityChip.

Thank you to the first donator/supporters (they have not specified which yet) for your help!

[avatar_kiyoshi]

Can you show your link on bitlendingclub ?

Yes. https://bitlendingclub.com/profile/transactions

No i means, link to your profile, for example bitlendingclub.com/charitychip or what?

how minimum to make an investment?

Probably there is no "minimum", but because of transaction fees [costing 0.0001], it would probably be best to make "support" [returnable] funds of like 0.001 or more. For "donations" very small [0.0001 or less] are fine as the funds would be held and re-invested.

So if sent amount 0.0001 or less, it's count to as donation?

[CharityChip]

Can you show your link on bitlendingclub ?

Yes. https://bitlendingclub.com/profile/transactions

No i means, link to your profile, for example bitlendingclub.com/charitychip or what?

There isn't such a way that site has this kind of link. When logging in it goes to some pages, but it's all within some program format that would not allow "outside" views (this is some kind of database or javascript setup maybe?).

However, if you were to browse some of the listings, you may find where CharityChip has invested. A screenshot was attempted to paste before along with the link, but some "security" feature blocked the urls where the images were stored.

Here is what CharityChip account has now though (copy and paste):

Investments

    Interest Earned: 0.00000047 ฿
    Invested: 0.00020000 ฿
    Repaid: 0.00010047 ฿
    Late: 0.00 % (0.00000000 ฿)
    Default Rate: 0.00 % (0.00000000 ฿)

    Realized TWRR ROI: 0.4700 %
    Unrealized TWRR ROI: 0.4700 %
    Profit/Loss: 0.00 % (0.0000 ฿)

A second investment of 0.0001 has been started as well.

[CharityChip]

how minimum to make an investment?

Probably there is no "minimum", but because of transaction fees [costing 0.0001], it would probably be best to make "support" [returnable] funds of like 0.001 or more. For "donations" very small [0.0001 or less] are fine as the funds would be held and re-invested.

So if sent amount 0.0001 or less, it's count to as donation?

Yes. But, if someone made several small donations, and later asked to make this a "support" it would probably be OK. Please send a PM if you have a special situation to discuss.

[GriffinHeart]

I'll be happy to invest a bit, but how the heck does this 20% interest work? Isn't that a bit much?

[CharityChip]

I'll be happy to invest a bit, but how the heck does this 20% interest work? Isn't that a bit much?

The normal target is to always offer the micro-investments at a 12% APR, or 1% per month approximately. In the past using private micro-investments, this rate was sometimes increased for various reasons, usually due to either the project being higher risk or because the investors were seeking a higher return for profit. But, now with CharityChip this rate of 1% per month is held constant and the risk is lowered by investing only small amounts per request. As a result, this helps to both diversify the overall micro-investment portfolio as well as allow a larger number of investments.

It has worked well in the past and it is typically a significantly lower rate than all other offers, for example 7 times lower in the previous example, and there has never been a complaint about this rate from more than 100 total investments made. In this case, the "profits" from this 1% rate per month are simply re-invested into the total fund for future use as opposed to paying out some return to investors.

In the case of "donators" the amount given is kept permanently with the fund, while those who are "supporters" specify a date to return their funds (or a date to discuss how to continue).

The CharityChip micro-investment fund has now about 0.01 BTC plus a small amount gained from the first successful investment made (which was re-paid early with the almost 0.5% interest).

Typically, there are many more investment requests made than offers available at a given time, and in general, they (the "requestors") are very satisfied to have more funding. If the small amount of interest paid is then used to help fund more projects, this would be an additional bonus that they would likely enjoy. So, both in terms of the rate and the use of the funds, there is not really an issue with these 12% APR payments.

Also, because the total amount is a micro-quantity, this 12% APR only amounts to a small number of satoshis (0.00000047 ฿) which could be earned easily from a faucet or something similar for free.

[CharityChip]

Have new "supporter" that will probably contribute 0.02 BTC within the next day or so.

Donators = make a contribution without pay-back

Supporters = ... with pay-back at a time in the future.

Sometimes a supporter may decide to later donate some or all later, or some combination of the two.

For more information please post or send a PM for detailed/personalized discussion.

/s/ CharityChip