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!2 Comments