Kiva.org

KivaThis is an interesting site.  Kiva.org is a micro financing site that allows you to be lender to unique entrepreneur’s around the world with the aim of alleviating poverty.

Here is how it works.  Kiva’s Field Partners approve and disburse a microloan to an entrepreneur in their community.  They take a picture of the entrepreneur and write down the entrepreneur’s story which is uploaded to Kiva.org.  Lenders (anyone) browse the profiles and choose who they want to lend to.  Lenders make a payment to Kiva and Kiva provides the funds to their Field Partners.  Over time, the loan is repaid.  Most of the loans that people are looking for are less than $1000, and lenders can provide a portion of the total requested.    Sounds like a great idea.

Add Comment