A plug for Kiva.org

I just made a loan using Kiva.org to a weaver in Nepal and a group of Vietnamese broom makers.

You can go to Kiva’s website and lend to someone in the developing world who needs a loan for their business. Each loan has a picture of the entrepreneur, a description of their business and how they plan to use the loan so you know exactly how your money is being spent — and you get updates letting you know how the entrepreneur is going.

The best part is, when the entrepreneur pays back their loan you get your money back – and Kiva’s loans are managed by microfinance institutions on the ground who have a lot of experience doing this, so you can trust that your money is being handled responsibly.

Kiva’s microfinancing seems like a nice way of helping the developing world, and I’ve heard good things about it. Here’s hoping it works out well for my two recipients!

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2 Comments

  1. Posted March 15, 2009 at 23:10 | Permalink

    That is very cool, I had never heard of Kiva.

  2. Darrell Patterson
    Posted March 19, 2009 at 01:34 | Permalink

    I just made my first loan today. It’s a excellent way to help people who are less fortunate in a small way, only $25. and there is the satisfaction of knowing that you are helping to improve the quality of someones life.