Have you heard about microfinancing? It's something that you and I can do to help fight poverty.In a nutshell, you loan money to unique small businesses in the developing world. By sponsoring their business, you are helping the world's working poor make great strides towards economic independence.
Kiva (www.kiva.org/) is one such non-profit public benefit corporation that connects you with and loan money directly to the beneficiary without having to go through a bureaucratic and costly layer of aid groups in between. Kiva’s website provides information about entrepreneurs in poor countries – their photos, loan proposals and credit history – and allows people to make direct loans to them. When your loan is repaid, you can choose to withdraw your funds or re-loan to a new business.
It’s such a fantastic idea. You can loan as little as $25 at a time. Can you imagine if we forgo one meal in a fancy restaurant, we can literally change a person’s life forever. Through the website, you can track the progress of the businesses you have sponsored. After reading stories of how much the lives of families in Ghana or in Afghanistan have improved, I am moved to become a microfinancier too.
7 comments:
Wow Spooky - I just read about it today from the papers. Yes Nicholas Kristof wrote that in his NY Times column :)
ha ha, not spooky cos his article was also published in our papers. I think Straits Times bought the story and reprinted it on the same day.
I absolutely love the Bird and Hearts Necklace! I've liked the Duke and Dutch facebook page!
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Hello Everybody,
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How I Got My Loan From A Genuine And Reliable Loan Company
I am Mrs.Irene Query i was in need of a loan of S$70,000 and was scammed by those fraudulent lenders and a friend introduce me to Dr Purva Pius,and he lend me the loan without any stress,you can contact him at urgentloan22@gmail.com
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