Monday, December 24, 2007

Kiva.org

If anyone is interested, this site kiva.org is a really neat website. They are a non-profit loan place. You make a "loan" of $25 or more to a specific person or group in a 3rd world country. You can look at why they are requesting the loan (all are for business purposes) and what the payment terms are, if they have already had loans and the status of those loans. After the loan is repaid, you get your money back.

It is a really cool thing, and since the loan amount you are giving is small, I consider it more of a donation than a loan, although we should be repaid. You even get email updates about how the money was used and how the business is running. The non-profit does not keep any of the loan money!

If anyone is interested in helping out, check it out. There are several businesses waiting for loans.

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