KIVA is an organization that connects lenders with small business startup folks in developing nations.
You can browse their site and find folks such as these:
-Woman in Uganda wanting to start a used clothing business and needs $40.
-Single parent in Nicaragua wants to start a cloth and dress making supplies shop and needs $75.
KIVA oversees the project and provides "risk" ratings on each borrower. You can get email updates as to the status of the business you are supporting. Loans are generally repaid within a year. There is NO interest on borrowed money, however, the knowledge of the push you've given to a family's effort for self support should do quite nicely.
Consider it. It doesn't take much money, frequently $25 will get someone going in their business efforts, but it goes a long way in their effort to become self sustaining.
Who knows......maybe when our economy finally hits bottom a new billionaire in another country will remember who was there for them when they needed it most.
Paying it forward is always good Karma.
5 comments:
I saw Kiva on The Today Show, and I think it is a wonderful idea! The individuals who get this money are doing great things with an opportunity which is really changing their lives.
I am sending some money, I think everyone should too!
Hopefully many folks will. It does look like something great. Thanks for posting.
Great link for a great cause! Thanks so much for sharing!
Yes, I think this effort is wonderful. It's also fun too to think that you are participating in a new business so far away that will make a difference in a family and community. Have fun guys!
The information is very informative on different topics. I have enjoyed reading it and following some of the links. Thanks and keep up the good work
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