You Too Can Be A Lender To The Poor (news) ~ Thoughts

Several weeks ago, I wrote about becoming a micro-lender to people overseas who would not qualify for loans through normal channels. Yesterday, a major blog site (other than mine ~ of course!) Trend Hunter did an article on micro-lending in general in Kiva specifically. (full article -->here<--)

Why donate when you can empower? Kiva.org lets you loan money directly to an entrepreneur in the developing world. Specifically, the online site connects you to a network of entrepreneurs through local microfinance organizations. So far, Kiva has hooked up over $6 million in loans to more than 60,000 entrepreneurs.

For example, Agnes Lawer (shown) is an entrepreneur in Ghana seeking a $900 loan to develop her bead manufacturing business. She plans to repay her loan in 9-12 months. You could loan her the $900 directly, or a portion.

The Kiva site describes, “Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, 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 email journal updates from the business you’ve sponsored. As loans are repaid, you get your loan money back.
We partner with organizations all over the world.”

Kiva ROCKS.

I also understand (although I'm still trying to confirm this) that Charles Gibson also did a piece on the news tonight on the subject.

But - remember, you saw it here before they did!!!!