Thursday, October 21, 2010
Kiva.org Empowering 3rd world Entrepreneurs with Micro Loans!
Kiva.org is a site that connects people by allowing every day Joe's to lend micro loans ($25 & up) to help alleviate poverty. The loans go to Entrepreneurs all over the world who work every day to make their world a better place.
This week Kiva touts a 98.5% repayment rate on loans, over $2 milllion in loans, about 5,000 new lenders funding almost 6,000 new entrepreneurs, and 1 loan every 9 seconds!
I think of this site as a real life version of Sim City, I get to put money to develop businesses and see the money returned to me to lend out again to make our world a better place.
Check it out for yourself and maybe play around with micro-loans see how our small contributions can change the world.
See the change: