Kiva - Loans That Change Lives
Thursday, November 03, 2005
This is a fantastic concept where you can make a loan to a business in a developing country. I heard the idea once beore recently on a documentary. We are most likley to end poverty starting from a microeconomic level. Giving people a sustainable means by which to build an infrastructure to earn money is at the heart of ending poverty. Loans start at as little as $25.00.
Kiva lets you connect with and loan money to unique small businesses in the developing world.
By choosing a business on our website and then lending money online to that enterprise, you can "sponsor a business" and help the world's working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive monthly email updates that let you know about the progress being made by the small business you've sponsored. These updates include reports on loan repayment progress, photos of new capital equipment, narratives on business growth and standard of living improvements, and more. As loans are repaid, you will get your original loan money back.
posted by aforward @ 4:08 PM,
