Showing posts with label Charitable Loans. Show all posts
Showing posts with label Charitable Loans. Show all posts

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: