Why donate when you can empower? Kiva.org lets you loan money directly to an entrepreneur in the developing world. Specifically, the online site connects you to a network of entrepreneurs through local microfinance organizations. So far, Kiva has hooked up over $6 million in loans to more than 60,000 entrepreneurs.
For example, Agnes Lawer (shown) is an entrepreneur in Ghana seeking a $900 loan to develop her bead manufacturing business. She plans to repay her loan in 9-12 months. You could loan her the $900 directly, or a portion.
The Kiva site describes, "Kiva lets you connect with and loan money to unique small businesses in the developing world. By choosing a business on Kiva.org, you can "sponsor a business" and help the world’s working poor make great strides towards economic independence. Throughout the course of the loan (usually 6-12 months), you can receive email journal updates from the business you’ve sponsored. As loans are repaid, you get your loan money back.
We partner with organizations all over the world."
More Stats +/-
Wearable Reusable Straw Jewelry
Adventure-Focused Skincare Regimens
Energy-Boosting Smoothie Menus
Conceptual Fashion-Branded Cameras
Top 100 Drinking Trends in October
Free 2018 Report & eBook
Get the top 100 trends happening right NOW -- plus a FREE copy of our award-winning book.
Our Research Methodology
This article is one of 350,000 experiments. We use crowd filtering, big data and AI to identify insights.
Kiva Loans Lend Directly to a Developing World Entrepreneur
- By: Jeremy GutscheJun 5, 2007