Wednesday, October 29, 2008

Lending To The World's Poorest

I was reading a one-of-a-kind blog post today and it gave me an idea.

How's this for a unique Christmas gift - make a microloan to a poor entrepreneur in the developing world.

The idea is not new. Think Dr Mohamed Yunus and Grameen Bank.

But Kiva.org is the first of its kind. It uses the power of the Web to connect small lenders like you and me directly to real individuals who need the money, who know what to do with it, but whom banks won't lend to.

For as little as US$25, you can change lives.

As the borrower repays the loan, you get your money back.

What a powerful and sustainable way to lift someone out of poverty.

How's that for a Christmas gift that keeps on giving?

Read on about how Kiva.org has inspired Ken Evoy.

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