Lend Money to the Developing World

Kiva is a non-profit site that allows you to lend money to someone in the developing world, empowering them to lift themselves out of poverty. Essentially you can “sponsor a business”. It works in 4 steps:

- Lenders pick a business and make a loan using their credit card.
- Kiva transfers funds to local partners. Partner disburses loans to each business.
- Over time, partner collects repayments and provides business updates at Kiva.org.
- Funds are returned to lender. Lender may withdraw or re-loan.

The website says:

“Kiva is using the power of the internet to facilitate one-to-one connections that were previously prohibitively expensive. Child sponsorship has always been a high overhead business. Kiva creates a similar interpersonal connection at much lower costs due to the instant, inexpensive nature of internet delivery. The individuals featured on our website are real people who need a loan and waiting for socially-minded individuals like you to lend them money.”

If you’re looking to invest some money, why not give it a go?

Found via: Read/Write Web

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