I've heard of micro-loans, initially on Oprah (I think). Tonight watching PBS I heard about an organization called KIVA which will allow people to make micro-loans to entrepreneurs in third world countries.
I think the micro loan concept is a wonderful way to give people a hand up, and now with KIVA anyone can do so.
Although, I can't really afford to do it, I think I am going to give it a try. A way to give back. Besides, haven't we all blown a hundred dollars on nonsense without giving it a second thought?
Kiva micro- loans are as little as $100.00 and you can loan as little as $25.00 which goes into a basket with money loaned from other lenders until the loan amount is reached. I hope you will check out the KIVA site and give a loan to someone who needs help.
No one who has received a loan from KIVA has EVER defaulted on a loan. Please check it out, it is much more personal than donating money to an organization and wondering where it went.
I have made a loan of $75.00 (US) to Elshan Alishanov, Location: Sumgayit city , Azerbaijan Activity: Household Items Store. (You can see his info at the left). I also made a 10% donation to KIVA which brought my total to $92.00 CDN.
I hope you will consider joining with KIVA and help someone too.
www.kiva.org
Since I orginially posted this, Elshan Alishanov has reached his loan goal and will receive the funds at the end of the month. The ad to the left updates to display another entrepreneur.
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