Saturday, September 10, 2011

KIVA



Kiva.org is awesome.  The idea is, you give loans to people of your choice- you can narrow it down by country, by gender or sector.  You can see how much of their requested loan they've received- it's really fun to give someone the last $25 dollars they need.  They use this money to either start a business or to buy raw materials to use in their business.  Then, they pay it back!  The money they pay back is divided by how many people contributed and it's added back to your account so that eventually, you can make another loan.  I got a friend a gift card for their birthday and the part that people had paid back was subtracted from the gift card.  So the two people I've donated to are Frank and Nyamvula.  Frank is a farmer from Peru and Nyamvula operates a charcoal sales business.  They both got their loans are both in the process of paying them back.




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